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Registration number: 14868572

NH Wealth Ltd

Unaudited Financial Statements

for the Period from 1 February 2024 to 31 March 2025

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

NH Wealth Ltd

Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

721

-

Current assets

 

Debtors

5

17,663

10

Cash at bank and in hand

 

13,458

-

 

31,121

10

Creditors: Amounts falling due within one year

6

(19,249)

-

Net current assets

 

11,872

10

Net assets

 

12,593

10

Capital and reserves

 

Called up share capital

10

10

Retained earnings

12,583

-

Shareholders' funds

 

12,593

10

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of NH Wealth Ltd has elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 28 July 2025
 

.........................................

N P Hawkins

Director

Company registration number: 14868572

 

NH Wealth Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lime Tree Work Shop
11 Lime Tree Walk
Sevenoaks
Kent
TN13 1YH

The principal activity of the company is that of the provision of financial intermediary and advisory services.

2

Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Disclosure of long period

The financial statements relate to the period from 1 February 2024 to 31 March 2025. The comparatives relate to year ended 31 January 2024.

Going concern

The company made a profit for the period ended 31 March 2025 and had net current assets at that date amounting to £12,593.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with the careful control of overheads where possible. The directors remain confident in the company's long term future and, thus, have adopted the going concern basis for the preparation of these financial statements.

 

NH Wealth Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities.

The company recognises revenue on the inception of the financial product once the amount of revenue can be reliably measured and it probable that future economic benefits will flow to the entity.

Revenue from advisory services are recognised evenly over the period in which the services are delivered.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the period, was 1 (2024 - 0).

 

NH Wealth Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,485

1,485

At 31 March 2025

1,485

1,485

Depreciation

Charge for the period

764

764

At 31 March 2025

764

764

Carrying amount

At 31 March 2025

721

721

5

Debtors

2025
£

2024
£

Trade debtors

17,663

-

Other debtors

-

10

17,663

10

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Taxation and social security

6,499

-

Accruals and deferred income

2,500

-

Other creditors

10,250

-

19,249

-