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REGISTERED NUMBER: 12826516 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

WOLFE WEALTH & FINANCIAL PLANNING LTD

WOLFE WEALTH & FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12826516)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOLFE WEALTH & FINANCIAL PLANNING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: L A Wolfe





SECRETARY: A Wolfe





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





BUSINESS ADDRESS: York House
23 Kingsway
London
WC2B 6UJ





REGISTERED NUMBER: 12826516 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

WOLFE WEALTH & FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12826516)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 250,873 238,554
Tangible assets 5 508 711
251,381 239,265

CURRENT ASSETS
Debtors 6 19,563 15,461
Cash at bank 10,997 21,300
30,560 36,761
CREDITORS
Amounts falling due within one year 7 53,614 57,248
NET CURRENT LIABILITIES (23,054 ) (20,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,327

218,778

CREDITORS
Amounts falling due after more than one
year

8

224,816

209,456
NET ASSETS 3,511 9,322

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,411 9,222
SHAREHOLDERS' FUNDS 3,511 9,322

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WOLFE WEALTH & FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12826516)

BALANCE SHEET - continued
31 AUGUST 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 22 May 2025 and were signed by:





L A Wolfe - Director


WOLFE WEALTH & FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12826516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Wolfe Wealth & Financial Planning 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.

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


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.

Significant judgements and estimates
There are no significant accounting judgements and estimates that require disclosure.

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 2020, is being amortised evenly over its 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.

Depreciation is provided at the following annual rates in order to write off each assets over its estimated useful life.
Computer Equipment - 25% on cost

Financial instruments
Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Creditors falling due after more than one year are measured at transaction price. Bank loans falling due after more than one year are interest bearing loans that are classified as non current liabilities as payment is due in more than one year.

Dividends
Dividends are recognised in the company's financial statements in the year in which they are approved in general meetings by the company's shareholders. Interim dividends are recognised when they are paid.

Share capital
Ordinary shares are classified as equity.


WOLFE WEALTH & FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12826516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WOLFE WEALTH & FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12826516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023 322,513
Additions 44,571
At 31 August 2024 367,084
AMORTISATION
At 1 September 2023 83,959
Charge for year 32,252
At 31 August 2024 116,211
NET BOOK VALUE
At 31 August 2024 250,873
At 31 August 2023 238,554

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 813
DEPRECIATION
At 1 September 2023 102
Charge for year 203
At 31 August 2024 305
NET BOOK VALUE
At 31 August 2024 508
At 31 August 2023 711

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 19,563 15,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,974 27,861
Taxation and social security 16,085 22,076
Other creditors 8,555 7,311
53,614 57,248

WOLFE WEALTH & FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12826516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 224,816 209,456

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 54,672 209,456

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 139,753 156,384

The bank has a fixed and floating charge dated 17 March 2021 and covers all the property or undertaking of the company. The charge also contains a negative pledge.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company was owed £14,479 (2023: £9,398) in respect of the director's loan account. The loan is interest bearing, unsecured, and does not have repayment terms.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L A Wolfe.