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REGISTERED NUMBER: 13014075 (England and Wales)









Financial Statements

for the Year Ended 31 December 2024

for

Crawford Dean Wealth Management Ltd

Crawford Dean Wealth Management Ltd (Registered number: 13014075)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Crawford Dean Wealth Management Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A Gilbert
N Kerin
N Patwa





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 13014075 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Crawford Dean Wealth Management Ltd (Registered number: 13014075)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,174,828 5,531,936
Tangible assets 5 7,399 12,834
Investments 6 362,525 4,622,351
5,544,752 10,167,121

CURRENT ASSETS
Debtors 7 859,505 869,138
Cash at bank and in hand 214,039 275,352
1,073,544 1,144,490
CREDITORS
Amounts falling due within one year 8 (1,022,562 ) (4,685,521 )
NET CURRENT ASSETS/(LIABILITIES) 50,982 (3,541,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,595,734

6,626,090

CREDITORS
Amounts falling due after more than one year 9 (5,460,667 ) (6,625,124 )
NET ASSETS 135,067 966

CAPITAL AND RESERVES
Called up share capital 518 418
Retained earnings 134,549 548
135,067 966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Crawford Dean Wealth Management Ltd (Registered number: 13014075)

Statement of Financial Position - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





A Gilbert - Director


Crawford Dean Wealth Management Ltd (Registered number: 13014075)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Crawford Dean Wealth Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Crawford Dean Wealth Management Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents commissions and fees receivable. Income is recognised when the service is provided and policies are submitted and accepted.

Goodwill
Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets required. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is being amortised evenly over its expected useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Crawford Dean Wealth Management Ltd (Registered number: 13014075)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 7,584,784
AMORTISATION
At 1 January 2024 2,052,848
Charge for year 357,108
At 31 December 2024 2,409,956
NET BOOK VALUE
At 31 December 2024 5,174,828
At 31 December 2023 5,531,936

Crawford Dean Wealth Management Ltd (Registered number: 13014075)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 28,308
DEPRECIATION
At 1 January 2024 15,474
Charge for year 5,435
At 31 December 2024 20,909
NET BOOK VALUE
At 31 December 2024 7,399
At 31 December 2023 12,834

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 12,298 350,227 362,525
NET BOOK VALUE
At 31 December 2024 12,298 350,227 362,525
At 31 December 2023 12,298 350,227 362,525

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 440,530 160,829
Other debtors 418,975 708,309
859,505 869,138

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,795 43,094
Amounts owed to group undertakings - 4,264,827
Taxation and social security 373,763 314,796
Other creditors 646,004 62,804
1,022,562 4,685,521

Crawford Dean Wealth Management Ltd (Registered number: 13014075)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 5,460,667 6,625,124

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 3,336,306 6,625,124

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 48,480 48,480
Between one and five years 73,052 121,532
121,532 170,012

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end are amounts of £222 (2023: £72,274 other debtors), £222 (2023: £72,274 other debtors) and £222 (2023: £72,274 other debtors) due to the directors A Gilbert, Patwa and N Kerin respectively. Interest aggregating £3,762 (2023: £3,856) has been charged on the balances whilst overdrawn at a rate of 2.25%.

There have been no advances which individually were considered material and no individual advances exceeding £10,000 to each of the directors.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within other creditors at the year end is an amount of £2 (2023: £72,331 other debtors) due to shareholder J Mehta.

Included within other creditors at the year end is an amount of £6,500 (2023: £nil) due to shareholder Karen Clare.

Included within other creditors at the year end is an amount of £2,398 (2023: £874) due to former shareholder R Davis.

Interest aggregating £1,417 (2023: £2,733) has been charged on the balances whilst overdrawn at a rate of 2.25%.

There have been no advances which individually were considered material and no individual advances exceeding £10,000 to each of the shareholder and former shareholders.