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REGISTERED NUMBER: 10710850 (England and Wales)















VICTOR EDMONDS WEALTH MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 18 OCTOBER 2024






VICTOR EDMONDS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 10710850)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 18 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VICTOR EDMONDS WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2023 TO 18 OCTOBER 2024







DIRECTORS: V L M Edmonds
J Simpson





REGISTERED OFFICE: Unit S
10 Stone Way
Lakesview International Business Park
Canterbury
Kent
CT3 4GP





REGISTERED NUMBER: 10710850 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

VICTOR EDMONDS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 10710850)

BALANCE SHEET
18 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 1,794
- 1,794

CURRENT ASSETS
Debtors 6 - 55,975
Cash at bank 40,736 50,358
40,736 106,333
CREDITORS
Amounts falling due within one year 7 40,736 38,571
NET CURRENT ASSETS - 67,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

69,556

CREDITORS
Amounts falling due after more than one
year

8

-

22,631
NET ASSETS - 46,925

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (100 ) 46,825
- 46,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 18 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 18 October 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.

VICTOR EDMONDS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 10710850)

BALANCE SHEET - continued
18 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





V L M Edmonds - Director


VICTOR EDMONDS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 10710850)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 18 OCTOBER 2024

1. STATUTORY INFORMATION

Victor Edmonds 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Fixture & Fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 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.

VICTOR EDMONDS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 10710850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 18 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023 199,813
Additions 335,190
Impairments (535,003 )
At 18 October 2024 -
AMORTISATION
At 1 August 2023 199,813
Amortisation for period 58,724
Impairments (258,537 )
At 18 October 2024 -
NET BOOK VALUE
At 18 October 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Fixture & Computer
Fittings equipment Totals
£    £    £   
COST
At 1 August 2023 2,944 4,016 6,960
Additions 1,532 - 1,532
Disposals (4,476 ) (4,016 ) (8,492 )
At 18 October 2024 - - -
DEPRECIATION
At 1 August 2023 1,461 3,705 5,166
Charge for period 566 311 877
Eliminated on disposal (2,027 ) (4,016 ) (6,043 )
At 18 October 2024 - - -
NET BOOK VALUE
At 18 October 2024 - - -
At 31 July 2023 1,483 311 1,794

VICTOR EDMONDS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 10710850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 18 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 21,796
Sundry debtors - 2,870
Victor Edmonds Properties Ltd - 31,309
- 55,975

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 10,000
Corporation Tax 40,736 23,225
Social security and other taxes - 25
Directors' current accounts - 4,140
Accrued expenses - 1,181
40,736 38,571

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years - 10,000
Other loans - 2-5 years - 12,631
- 22,631

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V L M Edmonds.