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Registration number: 11445469

Steven Townsend Wealth Management Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Steven Townsend Wealth Management Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Steven Townsend Wealth Management Ltd

Company Information

Directors

A Townsend

S A Townsend

Registered office

Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG

Accountants

Vale & West Accountancy Services Limited
Chartered Accountants
Victoria House
26 Queen Victoria House
Reading
Berkshire
RG1 1TG

 

Steven Townsend Wealth Management Ltd

(Registration number: 11445469)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

800,498

800,498

Tangible assets

5

752

1,035

 

801,250

801,533

Current assets

 

Debtors

6

52,477

53,351

Cash at bank and in hand

 

70,748

138,354

 

123,225

191,705

Creditors: Amounts falling due within one year

7

(259,232)

(198,865)

Net current liabilities

 

(136,007)

(7,160)

Total assets less current liabilities

 

665,243

794,373

Creditors: Amounts falling due after more than one year

7

(598,987)

(750,799)

Provisions for liabilities

(143)

(197)

Net assets

 

66,113

43,377

Capital and reserves

 

Called up share capital

100

100

Retained earnings

66,013

43,277

Shareholders' funds

 

66,113

43,377

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

Directors' responsibilities:

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

The directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 August 2025 and signed on its behalf by:
 

 

Steven Townsend Wealth Management Ltd

(Registration number: 11445469)
Balance Sheet as at 31 March 2025 (continued)

.........................................
S A Townsend
Director

 

Steven Townsend Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 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:
Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG
United Kingdom

These financial statements were authorised for issue by the Board on 11 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Steven Townsend Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.
 

Tangible assets

Tangible assets are stated in the balance sheet 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 is provided at the following annual rates in order to write off each asset over its
estimated useful life.

Plant and machinery etc - 25% on cost

 

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

 

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,
over their expected useful economic life as follows:

Goodwill over 10 Years on cost

 

Steven Townsend Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

800,498

800,498

At 31 March 2025

800,498

800,498

Amortisation

Carrying amount

At 31 March 2025

800,498

800,498

At 31 March 2024

800,498

800,498

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

-

12,542

12,542

Additions

164

-

164

At 31 March 2025

164

12,542

12,706

Depreciation

At 1 April 2024

-

11,508

11,508

Charge for the year

41

405

446

At 31 March 2025

41

11,913

11,954

Carrying amount

At 31 March 2025

123

629

752

At 31 March 2024

-

1,035

1,035

 

Steven Townsend Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Debtors

Current

2025
£

2024
£

Prepayments and accrued income

52,477

53,351

 

52,477

53,351

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Loans and borrowings

151,820

97,540

Trade creditors

378

-

Taxation and social security

68,295

46,961

Accruals and deferred income

2,282

4,824

Other creditors

36,457

49,540

259,232

198,865

Creditors: amounts falling due after more than one year

2025
£

2024
£

Due after one year

Loans and borrowings

598,987

750,799