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Registration number: 12742532

Bath & West Wealth Management Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Bath & West Wealth Management Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 5

Bath & West Wealth Management Limited

(Registration number: 12742532)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 919,101 | 1,043,889
Tangible assets | 5 | 548 | 1,187
Other financial assets | 6 | 11,350 | 11,350
|  | 930,999 | 1,056,426
Current assets |  |  |
Debtors |  | 72,199 | 44,136
Cash at bank and in hand |  | 89,130 | 19,548
|  | 161,329 | 63,684
Creditors: Amounts falling due within one year |  | (264,561) | (298,191)
Net current liabilities |  | (103,232) | (234,507)
Total assets less current liabilities |  | 827,767 | 821,919
Creditors: Amounts falling due after more than one year | 7 | (138,065) | (139,610)
Provisions for liabilities |  | (136) | (297)
Net assets |  | 689,566 | 682,012
Capital and reserves |  |  |
Called up share capital |  | 411,780 | 411,780
Profit and loss account |  | 277,786 | 270,232
Total equity |  | 689,566 | 682,012

Bath & West Wealth Management Limited

(Registration number: 12742532)
Abridged Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

| The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
| The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 30 September 2025

N P Higginbottom

Director

Bath & West Wealth Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales (registered number 12742532).

The address of its registered office is:
3-4 Widcombe Parade
Widcombe
Bath
BA2 4JT

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.

Bath & West Wealth Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the
company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity
recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently
measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the
currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is
amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be
made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 1,538,435
Additions acquired separately | 32,284
At 31 March 2025 | 1,570,719
Amortisation
At 1 April 2024 | 494,546
Amortisation charge | 157,072
At 31 March 2025 | 651,618
Carrying amount
At 31 March 2025 | 919,101
At 31 March 2024 | 1,043,889

Bath & West Wealth Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5 | Tangible assets

| Total £
Cost or valuation
At 1 April 2024 | 1,555
Additions | 1,607
At 31 March 2025 | 3,162
Depreciation
At 1 April 2024 | 1,975
Charge for the year | 639
At 31 March 2025 | 2,614
Carrying amount
At 31 March 2025 | 548
At 31 March 2024 | 1,187

6 | Other financial assets (current and non-current)

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 April 2024 | 11,350 | 11,350
At 31 March 2025 | 11,350 | 11,350
Carrying amount
At 31 March 2025 | 11,350 | 11,350

7 | Creditors: amounts falling due after more than one year

Bank borrowings

Bank Loans have a carrying amount at year end is £168,465 (2024 - £185,910).

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £16,260 (2024 - £27,099).