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REGISTERED NUMBER: 07005525 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WEALTH PLANNING ASSOCIATES LIMITED

WEALTH PLANNING ASSOCIATES LIMITED (REGISTERED NUMBER: 07005525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEALTH PLANNING ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D Young





SECRETARY: Mrs K Young





REGISTERED OFFICE: Innovation House
Innovation Way
Discovery Park
Sandwich
Kent
CT13 9FF





REGISTERED NUMBER: 07005525 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

WEALTH PLANNING ASSOCIATES LIMITED (REGISTERED NUMBER: 07005525)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,499 12,625

CURRENT ASSETS
Debtors 5 84,177 191,519
Cash at bank 14,696 26,823
98,873 218,342
CREDITORS
Amounts falling due within one year 6 23,862 55,702
NET CURRENT ASSETS 75,011 162,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,510

175,265

CREDITORS
Amounts falling due after more than one
year

7

12,439

22,389
NET ASSETS 74,071 152,876

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 73,971 152,776
SHAREHOLDERS' FUNDS 74,071 152,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

WEALTH PLANNING ASSOCIATES LIMITED (REGISTERED NUMBER: 07005525)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 27 February 2025 and were signed by:





D Young - Director


WEALTH PLANNING ASSOCIATES LIMITED (REGISTERED NUMBER: 07005525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wealth Planning Associates 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.

The financial statements are presented in round pounds £ 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.

The financial statements have been prepared on a going concern basis as the principle lenders have indicated that they will not be seeking repayment of their loans within one year.

Turnover
Turnover represents net invoiced commission excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 20 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

WEALTH PLANNING ASSOCIATES LIMITED (REGISTERED NUMBER: 07005525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 14,271 740 7,767 22,778
Disposals - - (5,052 ) (5,052 )
At 31 March 2024 14,271 740 2,715 17,726
DEPRECIATION
At 1 April 2023 2,318 393 7,442 10,153
Charge for year 714 87 325 1,126
Eliminated on disposal - - (5,052 ) (5,052 )
At 31 March 2024 3,032 480 2,715 6,227
NET BOOK VALUE
At 31 March 2024 11,239 260 - 11,499
At 31 March 2023 11,953 347 325 12,625

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 82,061 191,186
Tax 2,116 -
Prepayments - 333
84,177 191,519

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 606
Tax 2,267 33,506
Social security and other taxes - (318 )
Clawback Provision 9,628 9,628
Accrued expenses 1,967 2,280
23,862 55,702

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,439 12,389
12,439 22,389

WEALTH PLANNING ASSOCIATES LIMITED (REGISTERED NUMBER: 07005525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100