REGISTERED NUMBER: 11951821 (England and Wales)

Financial Statements for the Year Ended 30 April 2025

for

Reddings Wealth Management Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountant

7

DIRECTORS:

Mr Steven Kris Luff-Scott

Ms Tracey Lynn Reddings

SECRETARY:

Mr Steven Kris Luff-Scott

REGISTERED OFFICE:

8 Wilhelmina Avenue

Coulsdon

CR5 1NH

REGISTERED NUMBER:

11951821 (England and Wales)

ACCOUNTANT:

Marden & Co Accountants Limited

45 Nork Way

Banstead

Surrey

SM7 1PB

FIXED ASSETS

Intangible assets

4

1,165,484

1,237,225

Tangible assets

5

9,205

11,423

1,174,689

1,248,648

CURRENT ASSETS

Debtors

48,910

50,336

Cash at bank

62,499

46,526

111,409

96,862

CREDITORS

Amounts falling due within one year

58,033

78,242

NET CURRENT ASSETS

53,376

18,620

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,065

1,267,268

CREDITORS

Amounts falling due after more than one year

1,342,718

1,426,761

NET LIABILITIES

(114,653

)

(159,493

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(114,654

)

(159,494

)

SHAREHOLDERS' FUNDS

(114,653

)

(159,493

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 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 Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:

Ms Tracey Lynn Reddings - Director

1.	STATUTORY INFORMATION

Reddings 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life 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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

1,784,979

Disposals

(10,721

)

At 30 April 2025

1,774,258

AMORTISATION

At 1 May 2024

547,754

Amortisation for year

61,507

Eliminated on disposal

(487

)

At 30 April 2025

608,774

NET BOOK VALUE

At 30 April 2025

1,165,484

At 30 April 2024

1,237,225

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

25,240

Additions

638

At 30 April 2025

25,878

DEPRECIATION

At 1 May 2024

13,817

Charge for year

2,856

At 30 April 2025

16,673

NET BOOK VALUE

At 30 April 2025

9,205

At 30 April 2024

11,423

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Ms Tracey Lynn Reddings

Balance outstanding at start of year

-

10,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms Tracey Lynn Reddings.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Marden & Co Accountants Limited

45 Nork Way

Banstead

Surrey

SM7 1PB

6 August 2025