Company registration number 14462498 (England and Wales)
RICHARD ARMITAGE WEALTH MANAGEMENT SOUTH WEST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
RICHARD ARMITAGE WEALTH MANAGEMENT SOUTH WEST LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
RICHARD ARMITAGE WEALTH MANAGEMENT SOUTH WEST LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
1,864,598
1,864,598
Cash at bank and in hand
100
100
Net current assets
1,864,698
1,864,698
Capital and reserves
Called up share capital
4
200
200
Share premium account
1,864,498
1,864,498
Total equity
1,864,698
1,864,698
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 September 2025 and are signed on its behalf by:
M A Couzens
Director
Company Registration No. 14462498
RICHARD ARMITAGE WEALTH MANAGEMENT SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Richard Armitage Wealth Management South West Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brookdale Centre, Manchester Road, Knutsford, Cheshire, United Kingdom, WA16 0SR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Since the company has ceased to trade, the directors have not prepared the financial statements on a going concern basis. This has had no material impact on the amounts disclosed in the Profit and loss account or the Balance sheet, and therefore no adjustments have been made to the financial statements as a result of the application of the non-going concern basis of accounting. true
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
RICHARD ARMITAGE WEALTH MANAGEMENT SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
3
3
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,864,598
1,864,598
4
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
200
200
200
On 19 March 2025, the company cancelled 100 Ordinary shares of £1.00 each and credited to the distributable reserves of the company.
5
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
We draw attention to the company ceasing trade and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.
Senior Statutory Auditor:
Andrew Reddington
Statutory Auditor:
Azets Audit Services
6
Related party transactions
At the balance sheet date the company was owed £1,864,598 (2023: £1,864,598) from Lyncombe Consultants Limited. The amount is unsecured, interest free and repayable on demand, and has therefore been classifed as due within one year.
RICHARD ARMITAGE WEALTH MANAGEMENT SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
7
Parent company
The parent company is Adviser Services Holdings Limited, incorporated in England and Wales. Copies of the consolidated financial statements may be obtained from the Registrar of Companies, Maindy Way, Cardiff, CF4 3UZ.
The ultimate controlling party of the company is the board of directors by virtue of their majority share holding in Adviser Services Holdings Limited.