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Company No: 11056935 (England and Wales)

ANDREW OLIVER WEALTH MANAGEMENT LTD

Unaudited Financial Statements
For the financial period from 01 December 2024 to 03 April 2025
Pages for filing with the registrar

ANDREW OLIVER WEALTH MANAGEMENT LTD

Unaudited Financial Statements

For the financial period from 01 December 2024 to 03 April 2025

Contents

ANDREW OLIVER WEALTH MANAGEMENT LTD

BALANCE SHEET

As at 03 April 2025
ANDREW OLIVER WEALTH MANAGEMENT LTD

BALANCE SHEET (continued)

As at 03 April 2025
Note 03.04.2025 30.11.2024
£ £
Fixed assets
Intangible assets 3 466,049 486,873
Tangible assets 4 0 2,697
466,049 489,570
Current assets
Debtors 5 0 31,411
Cash at bank and in hand 495,173 404,474
495,173 435,885
Creditors: amounts falling due within one year 6 ( 31,876) ( 45,402)
Net current assets 463,297 390,483
Total assets less current liabilities 929,346 880,053
Net assets 929,346 880,053
Capital and reserves
Called-up share capital 7 402,993 402,993
Profit and loss account 526,353 477,060
Total shareholders' funds 929,346 880,053

For the financial period ending 03 April 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 financial statements of Andrew Oliver Wealth Management Ltd (registered number: 11056935) were approved and authorised for issue by the Director on 30 July 2025. They were signed on its behalf by:

B Larkin
Director
ANDREW OLIVER WEALTH MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2024 to 03 April 2025
ANDREW OLIVER WEALTH MANAGEMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2024 to 03 April 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Andrew Oliver Wealth Management Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Acorn Business Centre Northarbour Road, Cosham, Portsmouth, PO6 3TH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

Reporting period length: 1 December 2024 to 3 April 2025

Turnover

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 when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 20 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 20 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
01.12.2024 to
03.04.2025
Year ended
30.11.2024
Number Number
Monthly average number of persons employed by the Company during the period, including the director 2 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 December 2024 749,034 749,034
Disposals ( 8,340) ( 8,340)
At 03 April 2025 740,694 740,694
Accumulated amortisation
At 01 December 2024 262,161 262,161
Charge for the financial period 12,484 12,484
At 03 April 2025 274,645 274,645
Net book value
At 03 April 2025 466,049 466,049
At 30 November 2024 486,873 486,873

4. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 December 2024 18,875 373 4,522 23,770
Disposals ( 18,875) ( 373) ( 176) ( 19,424)
At 03 April 2025 0 0 4,346 4,346
Accumulated depreciation
At 01 December 2024 16,425 191 4,457 21,073
Charge for the financial period 0 16 36 52
Disposals ( 16,425) ( 207) ( 147) ( 16,779)
At 03 April 2025 0 0 4,346 4,346
Net book value
At 03 April 2025 0 0 0 0
At 30 November 2024 2,450 182 65 2,697

5. Debtors

03.04.2025 30.11.2024
£ £
Trade debtors 0 30,119
Other debtors 0 1,292
0 31,411

6. Creditors: amounts falling due within one year

03.04.2025 30.11.2024
£ £
Taxation and social security 21,729 40,982
Other creditors 10,147 4,420
31,876 45,402

7. Called-up share capital

03.04.2025 30.11.2024
£ £
Allotted, called-up and fully-paid
402,993 Ordinary shares of £ 1.00 each 402,993 402,993