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REGISTERED NUMBER: 07186203 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 March 2024

for

Woolhouse Douglas Wealth Management Ltd

Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Woolhouse Douglas Wealth Management Ltd

Company Information
for the Year Ended 30 March 2024







DIRECTOR: Mr C D Woolhouse





REGISTERED OFFICE: Unit 17
Neepsend Triangle Business Centre
1 Burton Road
Sheffield
South Yorkshire
S3 8BW





REGISTERED NUMBER: 07186203 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203)

Statement of Financial Position
30 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 371,348 494,032
Property, plant and equipment 5 9,213 10,414
380,561 504,446

CURRENT ASSETS
Debtors 6 600,869 638,505
Cash at bank 73,924 26,933
674,793 665,438
CREDITORS
Amounts falling due within one year 7 313,297 348,388
NET CURRENT ASSETS 361,496 317,050
TOTAL ASSETS LESS CURRENT LIABILITIES 742,057 821,496

CREDITORS
Amounts falling due after more than one
year

8

(649,660

)

(584,004

)

PROVISIONS FOR LIABILITIES (2,053 ) -
NET ASSETS 90,344 237,492

CAPITAL AND RESERVES
Called up share capital 9 121 120
Retained earnings 90,223 237,372
SHAREHOLDERS' FUNDS 90,344 237,492

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

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

Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203)

Statement of Financial Position - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





Mr C D Woolhouse - Director


Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Woolhouse Douglas 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.

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 businesses in 2019, are being amortised evenly over their estimated useful life of ten 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.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current 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 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.

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 8 (2023 - 8 ) .

Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 31 March 2023 1,344,606
Disposals (94,122 )
At 30 March 2024 1,250,484
AMORTISATION
At 31 March 2023 850,574
Charge for year 88,102
Eliminated on disposal (59,540 )
At 30 March 2024 879,136
NET BOOK VALUE
At 30 March 2024 371,348
At 30 March 2023 494,032

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 31 March 2023 11,430 18,594 30,024
Additions - 1,518 1,518
At 30 March 2024 11,430 20,112 31,542
DEPRECIATION
At 31 March 2023 5,210 14,400 19,610
Charge for year 1,538 1,181 2,719
At 30 March 2024 6,748 15,581 22,329
NET BOOK VALUE
At 30 March 2024 4,682 4,531 9,213
At 30 March 2023 6,220 4,194 10,414

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
SJP Account 118,850 142,834
Directors' current accounts 482,019 495,671
600,869 638,505

Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 58,908 68,716
Other loans 7,232 62,209
Tax 87,593 96,196
Social security and other taxes 6,762 -
Pension creditor - 459
Accruals and deferred income 152,802 120,808
313,297 348,388

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 58,908 68,716
Bank loans - 2-5 years 300,963 340,256
Other loans - 1-2 years 7,232 62,209
Other loans - 2-5 years 282,557 112,823
649,660 584,004

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
90 Ordinary £1 90 90
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
10 Ordinary B £1 10 10
1 Ordinary E £1 1 -
121 120

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
1 Share capital 5 £1 1 -

The following shares were issued during the year for cash at par :

1 Ordinary E share of £1

Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2024 and 30 March 2023:

2024 2023
£ £
Mr C D Woolhouse
Balance outstanding at start of year 495,671 558,238
Amounts advanced 540,004 798,711
Amounts repaid (553,656 ) (861,278 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 482,019 495,671

Amounts are repayable on demand with interest being charged at the HMRC official rate.