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REGISTERED NUMBER: 14944731 (England and Wales)

















Unaudited Financial Statements

for the Period 19 June 2023 to 30 June 2024

for

Personal Asset Management Wealth Limited

Personal Asset Management Wealth Limited (Registered number: 14944731)






Contents of the Financial Statements
for the period 19 June 2023 to 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Personal Asset Management Wealth Limited

Company Information
for the period 19 June 2023 to 30 June 2024







DIRECTORS: M J Evans
I Cadwallader





REGISTERED OFFICE: Caerwyn Jones
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG





REGISTERED NUMBER: 14944731 (England and Wales)





ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Personal Asset Management Wealth Limited (Registered number: 14944731)

Statement of Financial Position
30 June 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 1,449,450
Property, plant and equipment 5 17,515
1,466,965

CURRENT ASSETS
Debtors 6 123,939
Cash at bank 10,900
134,839
CREDITORS
Amounts falling due within one year 7 269,255
NET CURRENT LIABILITIES (134,416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,332,549

CREDITORS
Amounts falling due after more than
one year

8

(341,213

)

PROVISIONS FOR LIABILITIES (60 )
NET ASSETS 991,276

Personal Asset Management Wealth Limited (Registered number: 14944731)

Statement of Financial Position - continued
30 June 2024

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 103
Share premium 985,063
Retained earnings 6,110
991,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





M J Evans - Director


Personal Asset Management Wealth Limited (Registered number: 14944731)

Notes to the Financial Statements
for the period 19 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

Personal Asset Management Wealth 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated 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 - 33% on cost and 10% on reducing balance

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.


Personal Asset Management Wealth Limited (Registered number: 14944731)

Notes to the Financial Statements - continued
for the period 19 June 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 statement of financial position date.

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 period 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 period was 6 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 1,449,450
At 30 June 2024 1,449,450
NET BOOK VALUE
At 30 June 2024 1,449,450

Personal Asset Management Wealth Limited (Registered number: 14944731)

Notes to the Financial Statements - continued
for the period 19 June 2023 to 30 June 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
Additions 12,983 5,150 18,133
At 30 June 2024 12,983 5,150 18,133
DEPRECIATION
Charge for period 435 183 618
At 30 June 2024 435 183 618
NET BOOK VALUE
At 30 June 2024 12,548 4,967 17,515

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 13,614
Amounts owed by participating interests 109,685
Other debtors 640
123,939

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 20,800
Other creditors 248,455
269,255

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 341,213

9. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year are amounts totalling £96,481 due to the directors of the company. These amounts are repayable on demand. During the year no interest was paid on the balance.

Included in debtors are amounts totalling £109,685 due from Personal Asset Management Limited, a company under the control of Mr M J Evans, a director of Personal Asset Wealth Management Limited.