REGISTERED NUMBER: 14120504 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Rhodian Wealth Management Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K Murray

REGISTERED OFFICE:

68 Kingsbury Close

Bury

BL8 1WB

REGISTERED NUMBER:

14120504 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Intangible assets

4

520,947

592,629

Tangible assets

5

4,731

405

525,678

593,034

CURRENT ASSETS

Debtors

14,196

(2,171

)

Cash at bank

4,586

(9,937

)

18,782

(12,108

)

CREDITORS

Amounts falling due within one year

71,732

64,110

NET CURRENT LIABILITIES

(52,950

)

(76,218

)

TOTAL ASSETS LESS CURRENT LIABILITIES

472,728

516,816

CREDITORS

Amounts falling due after more than one year

345,654

375,047

NET ASSETS

127,074

141,769

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

126,874

141,569

SHAREHOLDERS' FUNDS

127,074

141,769

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr K Murray - Director

1.	STATUTORY INFORMATION

Rhodian Wealth Management Ltd 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.

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.

Client list are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

10% on cost

Fixtures and fittings

-

Straight line over 3 years

Computer equipment

-

Straight line over 3 years

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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

716,819

AMORTISATION

At 1 June 2024

124,190

Amortisation for year

71,682

At 31 May 2025

195,872

NET BOOK VALUE

At 31 May 2025

520,947

At 31 May 2024

592,629

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

785

Additions

5,091

At 31 May 2025

5,876

DEPRECIATION

At 1 June 2024

380

Charge for year

765

At 31 May 2025

1,145

NET BOOK VALUE

At 31 May 2025

4,731

At 31 May 2024

405

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

200

Ordinary shares

£1.00

200

200

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

Mr K Murray

Balance outstanding at start of year

-

7,458

Amounts advanced

(50,170

)

(58,048

)

Amounts repaid

50,170

50,590

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Murray.