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REGISTERED NUMBER: 11382112 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

St Edmundsbury Wealth Management Ltd

St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 255,652 223,668
Investments 7 110,722 65,365
366,374 289,033

Current assets
Debtors 8 533,147 771,753
Cash at bank and in hand 160,306 18,888
693,453 790,641
Creditors
Amounts falling due within one year 9 (306,013 ) (261,309 )
Net current assets 387,440 529,332
Total assets less current liabilities 753,814 818,365

Creditors
Amounts falling due after more than one
year

10

(108,831

)

(160,585

)

Provisions for liabilities (9,266 ) (13,831 )
Net assets 635,717 643,949

Capital and reserves
Called up share capital 18,000 18,000
Retained earnings 13 617,717 625,949
635,717 643,949

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

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

St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

Balance Sheet - continued
31 December 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 2 May 2025 and were signed on its behalf by:





Mr A M Speed - Director


St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

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


1. Statutory information

St Edmundsbury Wealth Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11382112

Registered office: The Stables
Flempton House, Bury Road
Flempton
Bury St Edmunds
Suffolk
IP28 6EG

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

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.

Guildhall Financial Services is being amortised evenly over its estimated useful life of five years.

St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

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


3. Accounting policies - continued

Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold property - 20% on cost
Motor vehicles - 25% p.a. reducing balance
Computer equipment - 20% p.a. reducing balance

St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

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


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

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


3. Accounting policies - continued
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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employees and directors

The average number of employees during the year was 24 (2023 - 20 ) .

5. Intangible fixed assets
Guildhall
Financial
Services
£
Cost
At 1 January 2024
and 31 December 2024 255,520
Amortisation
At 1 January 2024
and 31 December 2024 255,520
Net book value
At 31 December 2024 -
At 31 December 2023 -

St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

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


6. Tangible fixed assets
Leasehold Motor Computer
property vehicles equipment Totals
£ £ £ £
Cost
At 1 January 2024 81,659 111,251 149,064 341,974
Additions - 86,619 6,429 93,048
Disposals - (2,361 ) - (2,361 )
At 31 December 2024 81,659 195,509 155,493 432,661
Depreciation
At 1 January 2024 44,913 19,583 53,810 118,306
Charge for year 16,332 26,278 17,355 59,965
Eliminated on disposal - (1,262 ) - (1,262 )
At 31 December 2024 61,245 44,599 71,165 177,009
Net book value
At 31 December 2024 20,414 150,910 84,328 255,652
At 31 December 2023 36,746 91,668 95,254 223,668

7. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 January 2024 65,365
Additions 199,000
Disposals (160,057 )
Revaluations 6,414
At 31 December 2024 110,722
Net book value
At 31 December 2024 110,722
At 31 December 2023 65,365

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£
Valuation in 2024 110,722

St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

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


8. Debtors
31.12.24 31.12.23
£ £
Amounts falling due within one year:
Trade debtors 9,445 17,125
Other debtors 488,252 713,413
497,697 730,538

Amounts falling due after more than one year:
Other debtors 35,450 41,215

Aggregate amounts 533,147 771,753

9. Creditors: amounts falling due within one year
31.12.24 31.12.23
£ £
Bank loans and overdrafts - 10,000
Hire purchase contracts (see note 11) 12,479 3,172
Trade creditors 126,000 100,067
Taxation and social security 148,981 136,683
Other creditors 18,553 11,387
306,013 261,309

10. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£ £
Bank loans - 14,115
Hire purchase contracts (see note 11) 108,831 46,470
Other creditors - 100,000
108,831 160,585

11. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£ £
Net obligations repayable:
Within one year 12,479 3,172
Between one and five years 108,831 46,470
121,310 49,642

St Edmundsbury Wealth Management Ltd (Registered number: 11382112)

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


11. Leasing agreements - continued

Non-cancellable
operating leases
31.12.24 31.12.23
£ £
Within one year 64,385 27,804
Between one and five years 23,017 12,645
87,402 40,449

12. Secured debts

The following secured debts are included within creditors:

31.12.24 31.12.23
£ £
Hire purchase contracts 121,310 49,642

Hire purchase creditors are secured against the assets to which they relate.

13. Reserves

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

31.12.2431.12.23
£   £   
Distributable611,303630,818
Non-distributable6,414(4,869)
617,717625,949