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REGISTERED NUMBER: 10518916 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 October 2024

for

RL Wealth Management Limited

RL Wealth Management Limited (Registered number: 10518916)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RL Wealth Management Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Ian Falder





REGISTERED OFFICE: Westgate Court
Western Road
Billericay
Essex
CM12 9DY





REGISTERED NUMBER: 10518916 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

RL Wealth Management Limited (Registered number: 10518916)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,096 -

CURRENT ASSETS
Debtors 5 10,809 10,651
Cash at bank and in hand 40,671 69,158
51,480 79,809
CREDITORS
Amounts falling due within one year 6 17,965 24,683
NET CURRENT ASSETS 33,515 55,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,611

55,126

CREDITORS
Amounts falling due after more than one year 7 (55,542 ) (46,086 )

PROVISIONS FOR LIABILITIES (6,668 ) -
NET ASSETS 6,401 9,040

CAPITAL AND RESERVES
Called up share capital 500 500
Share premium (50,000 ) (50,000 )
Retained earnings 55,901 58,540
SHAREHOLDERS' FUNDS 6,401 9,040

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

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

The director acknowledges his 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.

RL Wealth Management Limited (Registered number: 10518916)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





Ian Falder - Director


RL Wealth Management Limited (Registered number: 10518916)

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

1. STATUTORY INFORMATION

RL 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 4 (2023 - 4 ) .

RL Wealth Management Limited (Registered number: 10518916)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 41,290
At 31 October 2024 41,290
DEPRECIATION
Charge for year 6,194
At 31 October 2024 6,194
NET BOOK VALUE
At 31 October 2024 35,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Amounts owed by group undertakings 300 -
Other debtors 10,509 10,651
10,809 10,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 6,603 6,603
Hire purchase contracts 5,970 -
Taxation and social security 1,209 10,773
Other creditors 4,183 7,307
17,965 24,683

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 39,621 46,086
Hire purchase contracts 15,921 -
55,542 46,086