Nean Wealth Advisors (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04409030

Nean Wealth Advisors (UK) Limited

Filleted Unaudited Financial Statements

31 December 2024

Nean Wealth Advisors (UK) Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Nean Wealth Advisors (UK) Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		89,610	68,414

Current assets

Debtors	7	15,582	83,983
Cash at bank and in hand		719,847	550,010
		---------	---------
		735,429	633,993

Creditors: amounts falling due within one year	8	85,180		67,958
		---------		---------
Net current assets			650,249	566,035
			---------	---------
Total assets less current liabilities			739,859	634,449

Provisions

Taxation including deferred tax	12,143	8,459
	---------	---------
Net assets	727,716	625,990
	---------	---------

Capital and reserves

Called up share capital	10	50,000	50,000
Profit and loss account		677,716	575,990
		---------	---------
Shareholders funds		727,716	625,990
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Nean Wealth Advisors (UK) Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr S Evans

Director

Company registration number: 04409030

Nean Wealth Advisors (UK) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Thorpe Road, The Manor House, Aldwincle, Kettering, NN14 3EA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year in respect of consultancy fees.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2024	2023
	£	£
Paid	100,000	166,300
	---------	---------

These dividends were paid to the directors, both of whom are also shareholders.

6. Tangible assets

	Property improvements	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	10,000	51,504	76,784	55,240	193,528
Additions	840	1,878	38,299	858	41,875
	--------	--------	---------	--------	---------
At 31 December 2024	10,840	53,382	115,083	56,098	235,403
	--------	--------	---------	--------	---------
Depreciation
At 1 January 2024	–	22,562	55,095	47,457	125,114
Charge for the year	–	3,736	14,997	1,946	20,679
	--------	--------	---------	--------	---------
At 31 December 2024	–	26,298	70,092	49,403	145,793
	--------	--------	---------	--------	---------
Carrying amount
At 31 December 2024	10,840	27,084	44,991	6,695	89,610
	--------	--------	---------	--------	---------
At 31 December 2023	10,000	28,942	21,689	7,783	68,414
	--------	--------	---------	--------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	15,582	64,301
Other debtors	–	19,682
	--------	--------
	15,582	83,983
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,756	3,908
Corporation tax	79,174	60,720
Social security and other taxes	632	280
Other creditors	2,618	3,050
	--------	--------
	85,180	67,958
	--------	--------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	12,143	8,459
	--------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	12,143	8,459
	--------	-------

10. Called up share capital

Authorised share capital

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	50,000	50,000	50,000	50,000
	--------	--------	--------	--------

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	50,000	50,000	50,000	50,000
	--------	--------	--------	--------

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S Evans	9,882	( 450)	( 9,800)	( 368)
Mrs G Evans	9,800	( 450)	( 9,800)	( 450)
	--------	----	--------	----
	19,682	( 900)	( 19,600)	( 818)
	--------	----	--------	----

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr S Evans	( 450)	9,882	450	9,882
Mrs G Evans	( 451)	9,800	451	9,800
	----	--------	----	--------
	( 901)	19,682	901	19,682
	----	--------	----	--------

12. Related party transactions

No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8