COMPANY REGISTRATION NUMBER:
15330389
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Wealth and Mortgage Advice Ltd |
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Filleted Unaudited Financial Statements |
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Wealth and Mortgage Advice Ltd |
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Year ended 31 December 2024
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Officers and professional advisers |
1 |
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Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements |
2 |
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Statement of financial position |
3 |
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Notes to the financial statements |
4 |
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Wealth and Mortgage Advice Ltd |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Wealth and Mortgage Advice Ltd |
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Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wealth and Mortgage Advice Ltd for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Wealth and Mortgage Advice Ltd in accordance with the terms of our engagement letter dated 5 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Wealth and Mortgage Advice Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wealth and Mortgage Advice Ltd and its director for our work or for this report.
It is your duty to ensure that Wealth and Mortgage Advice Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wealth and Mortgage Advice Ltd. You consider that Wealth and Mortgage Advice Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Wealth and Mortgage Advice Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Riverside Accountancy Lancaster Limited
Chartered accountants
Suite 2, 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SU
10 July 2025
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Wealth and Mortgage Advice Ltd |
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Statement of Financial Position |
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31 December 2024
Current assets
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Cash at bank and in hand |
30,307 |
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Creditors: amounts falling due within one year |
5 |
540 |
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Net current assets |
29,767 |
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-------- |
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Total assets less current liabilities |
29,767 |
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-------- |
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Net assets |
29,767 |
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Capital and reserves
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Called up share capital |
6 |
34,400 |
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Profit and loss account |
(
4,633) |
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-------- |
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Shareholders funds |
29,767 |
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-------- |
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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 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
10 July 2025
, and are signed on behalf of the board by:
Company registration number:
15330389
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Wealth and Mortgage Advice Ltd |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 Arthursdale Grange, Scholes, Leeds, LS15 4AW.
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
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. The financial statements have been rounded to the nearest £1.
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. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
.
5.
Creditors:
amounts falling due within one year
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2024 |
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£ |
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Other creditors |
540 |
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6.
Called up share capital
Issued, called up and fully paid
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2024 |
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No. |
£ |
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Ordinary shares of £ 1 each |
34,400 |
34,400 |
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7.
Controlling party
The company is controlled by its director.