REGISTERED NUMBER: 11102989 (England and Wales)

LAURENT WEALTH MANAGEMENT LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D T Baylie

D R Deakin

K A Laurent

SECRETARY:

REGISTERED OFFICE:

16 Greenbox

Westonhall Road

Stoke Prior

Bromsgrove

Worcestershire

B60 4AL

REGISTERED NUMBER:

11102989 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

49,283

62,507

49,283

62,507

CURRENT ASSETS

Debtors

6

88,424

59,448

Cash at bank and in hand

180,219

305,420

268,643

364,868

CREDITORS

Amounts falling due within one year

7

33,153

76,375

NET CURRENT ASSETS

235,490

288,493

TOTAL ASSETS LESS CURRENT LIABILITIES

284,773

351,000

CREDITORS

Amounts falling due after more than one year

8

(27,868

)

(38,148

)

PROVISIONS FOR LIABILITIES

(10,574

)

-

NET ASSETS

246,331

312,852

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Retained earnings

242,331

308,852

246,331

312,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

D R Deakin - Director

1.	STATUTORY INFORMATION

Laurent Wealth Management Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

The period of the lease

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

12

AMORTISATION

At 1 April 2024

and 31 March 2025

12

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

10,206

58,590

16,159

84,955

Additions

-

-

3,207

3,207

At 31 March 2025

10,206

58,590

19,366

88,162

DEPRECIATION

At 1 April 2024

5,422

4,793

12,233

22,448

Charge for year

1,713

11,502

3,216

16,431

At 31 March 2025

7,135

16,295

15,449

38,879

NET BOOK VALUE

At 31 March 2025

3,071

42,295

3,917

49,283

At 31 March 2024

4,784

53,797

3,926

62,507

The net book value of tangible fixed assets includes £ 42,295 (2024 - £ 53,797 ) in respect of assets held under hire purchase contracts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,641

12,618

Amounts owed by related undertakings

72,500

28,500

Prepayments

6,283

18,330

88,424

59,448

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,489

9,489

Trade creditors

3,000

281

Social security and other taxes

5,265

32,520

Other creditors

1,645

715

Directors' current accounts

-

58

Accruals and deferred income

10,533

25,635

Accrued expenses

3,221

7,677

33,153

76,375

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

27,868

38,148

9.	CONTINGENT LIABILITIES

Commission is sometimes received on an indemnified basis for the arrangement of certain protection policies. Should the policy holder cancel the policy or cease premiums within a specified period of time, some of this indemnified commission can be clawed back by the provider. This period is usually 24 months but in some cases can be up to 48 months. Based on the directors experience and the volume of business conducted in this area, it is estimated any potential claw back could amount to around £1,000.

10.	POST BALANCE SHEET EVENTS

On the 2 April 2025 100% of the company's share capital was acquired by Wealth Solutions Holdings Limited.