Renton Wealth Management Ltd |
Registered Number:SC666842 |
For the year ended 31 March 2025
Scotland
Unaudited Financial Statements
For the year ended 31 March 2025
Renton Wealth Management Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Renton Wealth Management Ltd
Statement of Financial Position
2024
2025
279,350
48,083
2
Property, plant and equipment |
3,114
3,275
3
282,464
51,358
Trade and other receivables |
247
6,434
4
7,819
Cash and cash equivalents |
44,155
50,589
8,066
Trade and other payables: amounts falling due within one |
year |
(29,184)
(41,881)
5
(21,118)
8,708
Net current assets
Total assets less current liabilities |
291,172
30,240
Trade and other payables: amounts falling due after more |
than one year |
(30,235)
(291,035)
6
137
Net assets
5
100
100
37
(95)
137
5
Shareholders' funds
For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Cameron Renton Director |
These financial statements were approved and authorised for issue by the Board on 23 April 2025 and were signed by: |
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For the year ended 31 March 2025
Renton Wealth Management Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2025
Renton Wealth Management Ltd
Notes to the Financial Statements
Statutory Information
Renton Wealth Management Ltd is a private limited company, limited by shares, domiciled in Scotland, registration |
number SC666842. |
13 Wymet Gardens
Millerhill
Dalkeith
Midlothian
EH22 1FL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Intangible assets
Goodwill is stated at cost price and is being amortised over 5 years, (apportioned into the months owned in the company's financial period). |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
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For the year ended 31 March 2025
Renton Wealth Management Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
85,000
266,000
351,000
36,917
34,733
Charge for year
71,650
279,350
48,083
3. Property, plant and equipment |
4,301
749
5,050
Provision for depreciation and impairment |
1,026
Charge for year
910
1,936
3,114
3,275
4. Trade and other receivables |
2024
2025
6,434
247
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For the year ended 31 March 2025
Renton Wealth Management Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2024
2025
Bank loans and overdraft (secured) |
21,654
21,849
(1)
(1)
Taxation and social security |
19,238
6,496
990
840
41,881
29,184
Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
6. Trade and other payables: amounts falling due after more than one year |
2024
2025
Bank loans and overdraft (secured) |
291,035
30,235
7. Directors advances and guarantees |
Loaned
Mr Cameron Renton
Short Term Directors Loan
6,434
247
6,187
6,434
247
6,187
Director's loan was a short term loan repaid shortly after the company's year end.
8. Average number of persons employed |
During the year the average number of employees was 1 (2024 : 1)
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