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REGISTERED NUMBER: 11580231 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

OULTON BROAD WEALTH MANAGEMENT LTD

OULTON BROAD WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 11580231)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OULTON BROAD WEALTH MANAGEMENT LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: S Jones





SECRETARY: S Jones





REGISTERED OFFICE: Pegaso
17 Pegasus Mews
Oulton Broad
Lowestoft
Suffolk
NR32 3PE





REGISTERED NUMBER: 11580231 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

OULTON BROAD WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 11580231)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,951 5,347
Investments 5 33,500 33,500
Investment property 6 196,300 76,207
234,751 115,054

CURRENT ASSETS
Debtors 7 18,851 4,830
Cash at bank 42,306 31,283
61,157 36,113
CREDITORS
Amounts falling due within one year 8 9,416 4,100
NET CURRENT ASSETS 51,741 32,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,492

147,067

PROVISIONS FOR LIABILITIES 30,023 -
NET ASSETS 256,469 147,067

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 256,369 146,967
256,469 147,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

OULTON BROAD WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 11580231)

BALANCE SHEET - continued
30 September 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 27 June 2025 and were signed by:





S Jones - Director


OULTON BROAD WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 11580231)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Oulton Broad Wealth Management 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 20% Reducing balance
Plant & Machinery - 20% Reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

OULTON BROAD WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 11580231)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 8,996
Additions 841
At 30 September 2024 9,837
DEPRECIATION
At 1 October 2023 3,649
Charge for year 1,237
At 30 September 2024 4,886
NET BOOK VALUE
At 30 September 2024 4,951
At 30 September 2023 5,347

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 33,500
NET BOOK VALUE
At 30 September 2024 33,500
At 30 September 2023 33,500

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 76,207
Additions 6,300
Revaluations 113,793
At 30 September 2024 196,300
NET BOOK VALUE
At 30 September 2024 196,300
At 30 September 2023 76,207

OULTON BROAD WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 11580231)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 113,793
Cost 82,507
196,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,851 4,830
Other debtors 15,000 -
18,851 4,830

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,500 320
Other creditors 2,916 3,780
9,416 4,100

9. RELATED PARTY DISCLOSURES

Included in other debtors is £15,000 (2023: Nil) owed from a related company.