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REGISTERED NUMBER: 09125961 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

WHATELEY WEALTH MANAGEMENT LIMITED

WHATELEY WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09125961)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WHATELEY WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTOR: Ms N S Whateley





REGISTERED OFFICE: 3 Parsonage Drive
Cofton Hackett
Birmingham
B45 8AS





REGISTERED NUMBER: 09125961 (England and Wales)






WHATELEY WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09125961)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 339,286 363,097

CURRENT ASSETS
Debtors 190,335 147,156
Cash at bank 94,640 127,975
284,975 275,131
CREDITORS
Amounts falling due within one year 149,430 92,770
NET CURRENT ASSETS 135,545 182,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,831

545,458

CREDITORS
Amounts falling due after more than one
year

(114,748

)

(136,014

)

PROVISIONS FOR LIABILITIES (14,050 ) (18,033 )
NET ASSETS 346,033 391,411

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 345,930 391,308
346,033 391,411

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

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

The director acknowledges her 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.

WHATELEY WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09125961)

ABRIDGED BALANCE SHEET - continued
31 July 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:





Ms N S Whateley - Director


WHATELEY WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09125961)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Whateley Wealth Management Limited 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.

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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold buildings - 1% straight line basis
Plant & machinery - 20% on cost
Fixtures & fittings - 15% on cost
Motor vehicles - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 15 (2023 - 13 ) .

WHATELEY WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 09125961)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 446,513
Additions 2,870
At 31 July 2024 449,383
DEPRECIATION
At 1 August 2023 83,416
Charge for year 26,681
At 31 July 2024 110,097
NET BOOK VALUE
At 31 July 2024 339,286
At 31 July 2023 363,097

5. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.