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REGISTERED NUMBER: 07433037 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SAGE WEALTH MANAGEMENT LIMITED

SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAGE WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Mr. M J Sage



REGISTERED OFFICE: West Walk 5
Bowes Offices
Lambton Park
Chester Le Street
Co. Durham
DH3 4AN



REGISTERED NUMBER: 07433037 (England and Wales)



ACCOUNTANTS: Read, Milburn & Co
71 Howard Street
North Shields
Tyne and Wear
NE30 1AF



BANKERS: Lloyds Bank Plc
Newcastle upon Tyne

SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 553,775 238,733
Tangible assets 5 73,041 68,337
Investments 6 72,050 60,752
698,866 367,822

CURRENT ASSETS
Debtors 7 200,533 133,906
Cash at bank 229,193 297,810
429,726 431,716
CREDITORS
Amounts falling due within one year 8 373,096 322,332
NET CURRENT ASSETS 56,630 109,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

755,496

477,206

CREDITORS
Amounts falling due after more than one
year

9

(550,107

)

(381,023

)

PROVISIONS FOR LIABILITIES (13,357 ) (9,109 )
NET ASSETS 192,032 87,074

CAPITAL AND RESERVES
Called up share capital 10 10
Undistributable reserve 16,538 8,064
Retained earnings 175,484 79,000
SHAREHOLDERS' FUNDS 192,032 87,074

SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)

BALANCE SHEET - continued
31 JANUARY 2025


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

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

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 23 May 2025 and were signed by:





Mr. M J Sage - Director


SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Sage 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents commissions derived from the provision of financial services. Income is recognised when the services are provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses is being amortised evenly over an estimated useful life of eight 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.
Long leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
All financial assets and financial liabilities of the company qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.


SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)

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

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 19 ) .

SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024 1,523,506
Additions 437,272
At 31 January 2025 1,960,778
AMORTISATION
At 1 February 2024 1,284,773
Charge for year 122,230
At 31 January 2025 1,407,003
NET BOOK VALUE
At 31 January 2025 553,775
At 31 January 2024 238,733

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 49,598 97,750 147,348
Additions - 15,441 15,441
Disposals - (1,635 ) (1,635 )
At 31 January 2025 49,598 111,556 161,154
DEPRECIATION
At 1 February 2024 6,944 72,067 79,011
Charge for year 992 9,022 10,014
Eliminated on disposal - (912 ) (912 )
At 31 January 2025 7,936 80,177 88,113
NET BOOK VALUE
At 31 January 2025 41,662 31,379 73,041
At 31 January 2024 42,654 25,683 68,337

SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2024 60,752
Revaluations 11,298
At 31 January 2025 72,050
NET BOOK VALUE
At 31 January 2025 72,050
At 31 January 2024 60,752

Cost or valuation at 31 January 2025 is represented by:

Other
investments
£   
Valuation in 2021 4,558
Valuation in 2022 2,458
Valuation in 2023 (259 )
Valuation in 2024 3,995
Valuation in 2025 11,298
Cost 50,000
72,050

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 50,000 50,000

Fixed asset investments were valued on an open market basis on 31 January 2025 by St James's Place Wealth Management .

SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 190,837 119,482
Other debtors 9,696 14,424
200,533 133,906

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 180,643 166,003
Trade creditors 29,949 26,025
Tax 134,632 104,085
Social security and other taxes 12,752 9,101
Other creditors 9,150 11,710
Directors' loan accounts 571 8
Accruals and deferred income 5,399 5,400
373,096 322,332

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Other loans - 1-2 years 180,643 166,003
Other loans - 2-5 years 172,916 215,020
Other loans - > 5 years 196,548 -
550,107 381,023

Amounts falling due in more than five years:

Repayable by instalments
Other loans - > 5 years 196,548 -

SAGE WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 07433037)

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

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 66,957 78,787
Between one and five years 137,379 161,883
In more than five years 1,656 9,333
205,992 250,003

11. RELATED PARTY DISCLOSURES

The director who received dividends during the year was Mr. M J Sage.