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REGISTERED NUMBER: 04360079 (England and Wales)









MARK HOLT & CO WEALTH MANAGEMENT LTD

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024






MARK HOLT & CO WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 04360079)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARK HOLT & CO WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024







DIRECTOR: Mr A Pollard





REGISTERED OFFICE: 7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX





REGISTERED NUMBER: 04360079 (England and Wales)






MARK HOLT & CO WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 04360079)

BALANCE SHEET
31 DECEMBER 2024

2024 2024
Notes £    £   
CURRENT ASSETS
Debtors 5 2,503 782
Cash at bank - 37,251
2,503 38,033
CREDITORS
Amounts falling due within one year 6 2,503 18,779
NET CURRENT ASSETS - 19,254
TOTAL ASSETS LESS CURRENT LIABILITIES - 19,254

CAPITAL AND RESERVES
Called up share capital 1,020 1,020
Retained earnings (1,020 ) 18,234
SHAREHOLDERS' FUNDS - 19,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

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

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 July 2025 and were signed by:





Mr A Pollard - Director


MARK HOLT & CO WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 04360079)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Mark Holt & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The turnover shown in the profit and loss account represents policies written which are on risk and other fees raised.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only 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. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated 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.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Provision for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

MARK HOLT & CO WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 04360079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024

3. ACCOUNTING POLICIES - continued

Insurance debtors and creditors
The company acts as an agent in brokering the insurable risks of clients and, generally speaking, is not liable as a principal for premiums due to underwriters or for claims payable to clients. Notwithstanding the legal relationship with clients and underwriters, the company has followed generally accepted accounting practice for insurance intermediaries by showing debtors, creditors and cash balances relating to insurance business as assets and liabilities of the company itself.

In the ordinary course of the insurance brokering business, settlement is required to be made with certain market settlement bureaux, insurance intermediaries or insurance companies on the basis of the net balance due to or from them rather than the amount due to or from the individual third parties which it represents. However, under Financial Reporting Standard 5, assets and liabilities may not be set off unless net settlement is legally enforceable. Accordingly, insurance broking debtors and creditors are shown gross within these accounts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Amounts owed by group undertakings 2,503 -
Other debtors - 782
2,503 782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Taxation and social security 2,503 14,155
Other creditors - 4,624
2,503 18,779