1 September 2023 false No description of principal activity Taxfiler 2024.6 09639520business:PrivateLimitedCompanyLtd2023-09-012024-08-31 096395202023-08-31 096395202023-09-012024-08-31 09639520business:AuditExemptWithAccountantsReport2023-09-012024-08-31 09639520business:AbridgedAccounts2023-09-012024-08-31 096395202024-08-31 096395202023-08-31 09639520core:WithinOneYear2024-08-31 09639520core:WithinOneYear2023-08-31 09639520core:AfterOneYear2024-08-31 09639520core:AfterOneYear2023-08-31 09639520core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 09639520core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 09639520core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 09639520core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 09639520core:PreviouslyStatedAmount2024-08-31 09639520core:PreviouslyStatedAmount2023-08-31 09639520business:SmallEntities2023-09-012024-08-31 09639520business:Director12023-09-012024-08-31 09639520countries:EnglandWales2023-09-012024-08-31 09639520business:RegisteredOffice2023-09-012024-08-31 096395202022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 09639520 (England and Wales)
OLD ROYLE WEALTH MANAGEMENT LIMITED Unaudited accounts for the year ended 31 August 2024
OLD ROYLE WEALTH MANAGEMENT LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
121,429 
141,234 
Investments
20,000 
20,000 
141,429 
161,234 
Current assets
Debtors
373,568 
25,000 
Cash at bank and in hand
371,072 
213,983 
744,640 
238,983 
Creditors: amounts falling due within one year
(124,137)
176,641 
Net current assets
620,503 
415,624 
Total assets less current liabilities
761,932 
576,858 
Creditors: amounts falling due after more than one year
(265)
- 
Provisions for liabilities
Deferred tax
(4,232)
(4,444)
Net assets
757,435 
572,414 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
757,434 
572,413 
Shareholders' funds
757,435 
572,414 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2025 and were signed on its behalf by
Richard Clayton Director Company Registration No. 09639520
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OLD ROYLE WEALTH MANAGEMENT LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
OLD ROYLE WEALTH MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09639520. The registered office is ADAMSON HOUSE TOWERS BUSINESS PARK, WILMSLOW ROAD, DIDSBURY, MANCHESTER, M20 2YY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2023
192,093 
At 31 August 2024
192,093 
Depreciation
At 1 September 2023
50,859 
Charge for the year
19,805 
At 31 August 2024
70,664 
Net book value
At 31 August 2024
121,429 
At 31 August 2023
141,234 
5
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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