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REGISTERED NUMBER: 07404854 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

JENNINGS WEALTH MANAGEMENT LIMITED

JENNINGS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07404854)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JENNINGS WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTOR: S J Jennings





SECRETARY: S J Jennings





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 07404854 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

JENNINGS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07404854)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,682 7,722
31,682 7,722

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 365,641 402,457
Cash at bank 20,420 20,178
389,061 425,635
CREDITORS
Amounts falling due within one year 7 59,511 84,642
NET CURRENT ASSETS 329,550 340,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,232

348,715

PROVISIONS FOR LIABILITIES 7,010 1,607
NET ASSETS 354,222 347,108

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 354,122 347,008
SHAREHOLDERS' FUNDS 354,222 347,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

JENNINGS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07404854)

BALANCE SHEET - continued
31ST MARCH 2025


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 14th May 2025 and were signed by:





S J Jennings - Director


JENNINGS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07404854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Jennings 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 was capitalised in 2011 and was originally amortised over its useful life of 20 years. The director now considers that the remaining goodwill should be amortised over its useful life of 5 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.
Plant and machinery etc - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

JENNINGS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07404854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

Investments
Listed current asset investments are measured at fair value through the profit and loss. The fair value at the year end is nil due to all investments being sold in the year.

Investment income comprises dividends declared during the accounting period and interest received on investments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 100,000
AMORTISATION
At 1st April 2024
and 31st March 2025 100,000
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 -

JENNINGS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07404854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2024 35,821
Additions 34,264
Disposals (572 )
At 31st March 2025 69,513
DEPRECIATION
At 1st April 2024 28,099
Charge for year 10,075
Eliminated on disposal (343 )
At 31st March 2025 37,831
NET BOOK VALUE
At 31st March 2025 31,682
At 31st March 2024 7,722

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 365,641 402,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 56,961 82,543
Other creditors 2,550 2,099
59,511 84,642

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors at the year end is a director's loan of £134,621. The loan is repayable on demand and Interest of 2% has been charged on the loan during the year.

9. RELATED PARTY DISCLOSURES

During the year Jennings Wealth Management Limited loaned Jennings Asset Management Limited, a related party, £6,750. The loan is repayable on demand and the amount outstanding at the year end and included in debtors is £231,020.