2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,447,834 5,000 1,452,834 209,541 72,600 282,141 1,170,693 1,238,293 xbrli:pure xbrli:shares iso4217:GBP 13863456 2024-04-01 2025-03-31 13863456 2025-03-31 13863456 2024-03-31 13863456 2023-04-01 2024-03-31 13863456 2024-03-31 13863456 2023-03-31 13863456 core:NetGoodwill 2024-04-01 2025-03-31 13863456 bus:Director1 2024-04-01 2025-03-31 13863456 core:NetGoodwill 2024-03-31 13863456 core:NetGoodwill 2025-03-31 13863456 core:WithinOneYear 2025-03-31 13863456 core:WithinOneYear 2024-03-31 13863456 core:AfterOneYear 2025-03-31 13863456 core:AfterOneYear 2024-03-31 13863456 core:ShareCapital 2025-03-31 13863456 core:ShareCapital 2024-03-31 13863456 core:SharePremium 2025-03-31 13863456 core:SharePremium 2024-03-31 13863456 core:RetainedEarningsAccumulatedLosses 2025-03-31 13863456 core:RetainedEarningsAccumulatedLosses 2024-03-31 13863456 core:NetGoodwill 2024-03-31 13863456 bus:SmallEntities 2024-04-01 2025-03-31 13863456 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13863456 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13863456 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13863456 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 13863456
Dunne Wealth Management Limited
Filleted Unaudited Financial Statements
31 March 2025
Dunne Wealth Management Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Intangible assets
5
1,170,693
1,238,293
Tangible assets
6
2,260
394
----------
----------
1,172,953
1,238,687
Current assets
Debtors
7
63,047
41,828
Cash at bank and in hand
156,190
85,099
--------
--------
219,237
126,927
Creditors: amounts falling due within one year
8
197,706
161,323
--------
--------
Net current assets/(liabilities)
21,531
( 34,396)
----------
----------
Total assets less current liabilities
1,194,484
1,204,291
Creditors: amounts falling due after more than one year
9
552,488
653,603
Provisions
Taxation including deferred tax
565
99
----------
----------
Net assets
641,431
550,589
----------
----------
Capital and reserves
Called up share capital
2,000
2,000
Share premium account
499,983
499,983
Profit and loss account
139,448
48,606
--------
--------
Shareholders funds
641,431
550,589
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dunne Wealth Management Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 19 May 2025 , and are signed on behalf of the board by:
Mr N Dunne
Director
Company registration number: 13863456
Dunne Wealth Management Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 - 11 Mortimer Street, London, W1T 3HS, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered during the period.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(d) Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.
(e) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
over 20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
(h) 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.
(i) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024
1,447,834
Additions
5,000
----------
At 31 March 2025
1,452,834
----------
Amortisation
At 1 April 2024
209,541
Charge for the year
72,600
----------
At 31 March 2025
282,141
----------
Carrying amount
At 31 March 2025
1,170,693
----------
At 31 March 2024
1,238,293
----------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024
926
926
Additions
2,895
2,895
------
------
At 31 March 2025
3,821
3,821
------
------
Depreciation
At 1 April 2024
532
532
Charge for the year
1,029
1,029
------
------
At 31 March 2025
1,561
1,561
------
------
Carrying amount
At 31 March 2025
2,260
2,260
------
------
At 31 March 2024
394
394
------
------
7. Debtors
2025
2024
£
£
Trade debtors
60,645
39,913
Other debtors
2,402
1,915
-------
-------
63,047
41,828
-------
-------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
84,813
51,180
Social security and other taxes
3,188
804
Other creditors
109,705
109,339
--------
--------
197,706
161,323
--------
--------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
552,488
653,603
--------
--------
Included within creditors: amounts falling due after more than one year is an amount of £148,020 (2024: £249,135) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.