10509204falseFinancial management2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/cd:Director22024-01-012024-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/cd:Director32024-01-012024-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22024-01-012024-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32024-01-012024-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass42024-01-012024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass52024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10509204

JRM WEALTH MANAGEMENT LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

Prepared By:
UNV Accountants Ltd
Chartered Certified Accountants
Office 4, 1st Floor
77-79 High Street
Watford
WD17 2DJ

JRM WEALTH MANAGEMENT LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
R Shihata
J A Skidmore
M George
REGISTERED OFFICE
Office 4, 1st Floor
77-79 High Street
Watford
WD17 2DJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10509204
ACCOUNTANTS
UNV Accountants Ltd
Chartered Certified Accountants
Office 4, 1st Floor
77-79 High Street
Watford
WD17 2DJ

JRM WEALTH MANAGEMENT LTD

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

JRM WEALTH MANAGEMENT LTD

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Intangible assets32,835,7022,880,958
Tangible assets49,22810,857
2,844,9302,891,815
CURRENT ASSETS
Debtors5425425
Cash at bank and in hand129,268129,902
129,693130,327
CREDITORS: Amounts falling due within one year6402,764608,367
NET CURRENT LIABILITIES(273,071)(478,040)
TOTAL ASSETS LESS CURRENT LIABILITIES2,571,8592,413,775
CREDITORS: Amounts falling due after more than one year71,595,8631,565,491
PROVISIONS FOR LIABILITIES AND CHARGES82,3072,714
NET ASSETS973,689845,570
CAPITAL AND RESERVES
Called up share capital96260
Profit and loss account973,627845,510
SHAREHOLDERS' FUNDS973,689845,570
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/04/2025 and signed on their behalf by
.............................
R Shihata
Director

JRM WEALTH MANAGEMENT LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised at 1% on a reducing balance method. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees129

JRM WEALTH MANAGEMENT LTD

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/20242,999,1342,999,134
Disposals(17,500)(17,500)
At 31/12/20242,981,6342,981,634
Depreciation
At 01/01/2024118,176118,176
Disposals(875)(875)
For the year28,63128,631
At 31/12/2024145,932145,932
Net Book Amounts
At 31/12/20242,835,7022,835,702
At 31/12/20232,880,9582,880,958
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/01/202419,28619,286
At 31/12/202419,28619,286
Depreciation
At 01/01/20248,4298,429
For the year1,6291,629
At 31/12/202410,05810,058
Net Book Amounts
At 31/12/20249,2289,228
At 31/12/202310,85710,857
5. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors425425
425425

JRM WEALTH MANAGEMENT LTD

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax97,107127,982
DCA - Shihata R8143,082
DCA - Skidmore J8163,082
DCA - George M8163,082
Loans297,600465,000
Pension schemes1,543779
Accruals4,0685,360
402,764608,367
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr1,595,8631,565,491
1,595,8631,565,491
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation2,3072,714
2,3072,714

JRM WEALTH MANAGEMENT LTD

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
20 Ordinary shares of £1 each2020
20 Class B shares of £1 each2020
20 Class C shares of £1 each2020
1 Class D shares of £1 each1
1 Class E shares of £1 each1
6260
New shares issued during period:
1 Class D shares of £1 each1
1 Class E shares of £1 each1
2-