REGISTERED NUMBER: 08561105 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CURZON WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Curzon

Mrs S J Curzon

REGISTERED OFFICE:

4 Commercial Street

Ogmore Vale

Bridgend

Mid Glamorgan

CF32 7BL

REGISTERED NUMBER:

08561105 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

Unit 10

Bridgend Business Park

Bennett Street

Bridgend

Glamorgan

CF31 3SH

FIXED ASSETS

Intangible assets

4

46,996

58,688

Tangible assets

5

34,300

14,170

Investments

6

4,489,594

4,489,594

4,570,890

4,562,452

CURRENT ASSETS

Debtors

7

1,498,205

1,278,794

Cash at bank

310,338

304,694

1,808,543

1,583,488

CREDITORS

Amounts falling due within one year

8

690,270

1,353,198

NET CURRENT ASSETS

1,118,273

230,290

TOTAL ASSETS LESS CURRENT LIABILITIES

5,689,163

4,792,742

CREDITORS

Amounts falling due after more than one year

9

3,277,645

2,830,627

NET ASSETS

2,411,518

1,962,115

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

2,411,416

1,962,013

SHAREHOLDERS' FUNDS

2,411,518

1,962,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 29 September 2025 and were signed on its behalf by:

M J Curzon - Director

1.	STATUTORY INFORMATION

Curzon 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.

The financial statements have been prepared on the going concern basis, which assumes the continued support of the company's directors, bankers and other creditors. The directors expect this support to continue and are satisfied that the company is a going concern.

Turnover

Turnover represents commissions and other fees received in respect of financial services work. Turnover is recognised upon receipt of the income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of two businesses in 2013 and 2018 respectively, are being amortised evenly over their estimated useful lives of ten 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.

Plant and machinery etc

-

25% on cost, 25% on reducing balance and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Hire purchase and leasing commitments

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.

Relevant life policies

The Directors are provided with life assurance benefits under a Relevant Life Policy. These are disclosed separately in the profit and loss account. Under current UK taxation legislation, the Directors are not deemed to receive a taxable benefit in this respect.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

473,759

AMORTISATION

At 1 January 2024

415,071

Charge for year

11,692

At 31 December 2024

426,763

NET BOOK VALUE

At 31 December 2024

46,996

At 31 December 2023

58,688

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

42,171

Additions

37,495

Disposals

(17,574

)

At 31 December 2024

62,092

DEPRECIATION

At 1 January 2024

28,001

Charge for year

7,686

Eliminated on disposal

(7,895

)

At 31 December 2024

27,792

NET BOOK VALUE

At 31 December 2024

34,300

At 31 December 2023

14,170

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

4,489,594

NET BOOK VALUE

At 31 December 2024

4,489,594

At 31 December 2023

4,489,594

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

144,305

135,159

Amounts owed by group undertakings

4,205

-

Other debtors

1,349,695

1,143,635

1,498,205

1,278,794

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

176,596

842,931

Trade creditors

-

240

Amounts owed to group undertakings

187,297

187,447

Taxation and social security

269,332

285,790

Other creditors

57,045

36,790

690,270

1,353,198

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

2,378,485

1,891,467

Other creditors

899,160

939,160

3,277,645

2,830,627

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

£

Bank loans

2,555,081

2,734,398

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

£

M J Curzon and Mrs S J Curzon

Balance outstanding at start of year

916,068

745,695

Amounts advanced

154,063

170,373

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,070,131

916,068