Company No: 07879453 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	51,573		69,293
Tangible assets	4	130,363		44,951
Investments	5	400,100		100
		582,036		114,344
Current assets
Debtors	6	3,173,041		2,302,334
Cash at bank and in hand		375,018		19,651
		3,548,059		2,321,985
Creditors: amounts falling due within one year	7	( 2,697,695)		( 2,163,490)
Net current assets		850,364		158,495
Total assets less current liabilities		1,432,400		272,839
Creditors: amounts falling due after more than one year	8	( 104,248)		( 75,000)
Provision for liabilities	9	22,784		( 14,602)
Net assets		1,350,936		183,237
Capital and reserves
Called-up share capital	10	1,452		1,200
Share premium account		407,980		0
Profit and loss account		941,504		182,037
Total shareholders' funds		1,350,936		183,237

For the financial 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Vintage Wealth Management Limited (registered number: 07879453) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A J Morton Director

30 September 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Vintage Wealth Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Fairchild House, Redbourne Avenue, London, N3 2BP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognized when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognized by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	86		86

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	90,960		90,960
Adjustment to opening balance	( 4,720)		( 4,720)
At 31 December 2024	86,240		86,240
Accumulated amortisation
At 01 January 2024	21,667		21,667
Charge for the financial year	13,000		13,000
At 31 December 2024	34,667		34,667
Net book value
At 31 December 2024	51,573		51,573
At 31 December 2023	69,293		69,293

4. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 January 2024	260,526		0		260,526
Additions	3,611		105,664		109,275
At 31 December 2024	264,137		105,664		369,801
Accumulated depreciation
At 01 January 2024	215,575		0		215,575
Charge for the financial year	18,910		4,953		23,863
At 31 December 2024	234,485		4,953		239,438
Net book value
At 31 December 2024	29,652		100,711		130,363
At 31 December 2023	44,951		0		44,951

5. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	100
At 31 December 2024	100
Carrying value at 31 December 2024	100
Carrying value at 31 December 2023	100

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	0		0
Additions	400,000		400,000
At 31 December 2024	400,000		400,000
Carrying value at 31 December 2024	400,000		400,000
Carrying value at 31 December 2023	0		0

6. Debtors

	2024		2023
	£		£
Trade debtors	173,820		67,849
Amounts owed by group undertakings	1,177,442		534,576
Other debtors	1,821,779		1,699,909
	3,173,041		2,302,334

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	50,000		98,683
Trade creditors	466,008		497,022
Amounts owed to group undertakings	249,261		285,974
Accruals and deferred income	1,121,752		325,395
Taxation and social security	317,742		345,029
Other creditors	492,932		611,387
	2,697,695		2,163,490

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	25,000		75,000
Obligations under finance leases and hire purchase contracts	79,248		0
	104,248		75,000

9. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 14,602)		( 5,108)
Credited/(charged) to the Statement of Income and Retained Earnings	37,386		( 9,494)
At the end of financial year	22,784		( 14,602)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	18,427		( 14,602)
Other timing differences	4,357		0
	22,784		( 14,602)

10. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
51,976 Ordinary shares of £ 0.01 each (2023: 100,000 shares of £ 0.01 each)	520		1,000
10,396 Ordinary A shares of £ 0.01 each (2023: 20,000 shares of £ 0.01 each)	104		200
200 Growth Shares ordinary shares of £ 1.00 each (2023: nil shares)	200		0
2,879 Non voting shares ordinary shares of £ 0.01 each (2023: nil shares)	29		0
	853		1,200
59,926 Preference shares of £ 0.01 each (2023: nil shares)	599		0
	1,452		1,200

On 5 April 2024, a number of new shares were issued by the company. 2,298 Ordinary B £0.01 shares at par, 200 £1 Growth shares for a cash consideration of £44,899, and 2,878 Non-voting £0.01 shares for a cash consideration of £363,310.

On 14 May 2024, 48,024 Ordinary £0.01 shares were redesignated into 48,024 Preference shares £0.01, 9,604 Ordinary A £0.01 shares were redesignated to 9,604 Preference shares £0.01, and 2,298 Ordinary B £0.01 shares were redesignated into 2,298 Preference shares.

11. Financial commitments

Commitments

Capital commitments are as follows:

	2024		2023
	£		£
Contracted for but not provided for:
Other	870,000		970,000

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	184,490		100,000
between one and five years	497,449		435,000
after five years	272,551		435,000
	954,490		970,000

Pensions

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

	2024		2023
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	27,202		39,313

12. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Amounts owed by directors included in other debtors	24,335		128,205
Interest has been charged at HMRC's official rate and this balance is unsecured.	0		0

Other related party transactions

	2024		2023
	£		£
Included in other debtors are amounts owed by companies under common control	152,966		179,667
Included in other creditors are amounts owed to companies under common control	280,422		195,497
Commissions received from companies under common control	451,008		288,467

The company has taken advantage of the exemption conferred by Section 33.1A of Financial Reporting Standard 102: Related Party Disclosures, from the requirement to disclose transactions with wholly owned group undertakings.