Investment Choices Wealth Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06556301 (England and Wales)

INVESTMENT CHOICES WEALTH MANAGEMENT

LIMITED

TRADING AS

INVESTMENT CHOICES

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D W Kelly

REGISTERED OFFICE:

13-19 Derby Road

Nottingham

England

NG1 5AA

REGISTERED NUMBER:

06556301 (England and Wales)

ACCOUNTANTS:

Busbys

Chartered Accountants

Unit 7

Pickhill Business Centre

Smallhythe Road

Tenterden

Kent

TN30 7LZ

INVESTMENT CHOICES WEALTH MANAGEMENT

LIMITED (REGISTERED NUMBER: 06556301)

TRADING AS INVESTMENT CHOICES

BALANCE SHEET

31 March 2025

31.3.25

31.12.23

Notes

£

FIXED ASSETS

Intangible assets

4

-

108,859

Tangible assets

5

-

14,894

-

123,753

CURRENT ASSETS

Debtors

6

528,829

236,848

Cash at bank

-

407,126

528,829

643,974

CREDITORS

Amounts falling due within one year

7

-

82,087

NET CURRENT ASSETS

528,829

561,887

TOTAL ASSETS LESS CURRENT
LIABILITIES

528,829

685,640

PROVISIONS FOR LIABILITIES

-

3,723

NET ASSETS

528,829

681,917

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

528,828

681,916

SHAREHOLDERS' FUNDS

528,829

681,917

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 22 August 2025 and were signed by:

D W Kelly - Director

1.	STATUTORY INFORMATION

Investment Choices Wealth Management Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents invoiced sales of services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2014, 2016, 2018, 2019, 2020, 2021, 2022, 2023 and 2024, was being amortised evenly over its estimated useful life. The 2014 acquisition was being amortised over ten years, and the later acquisitions are being amortised over five years.

Following the cessation of trade, the remaining goodwill has been fully amortised.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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 period 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 period was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

405,793

Additions

26,000

Disposals

(431,793

)

At 31 March 2025

-

AMORTISATION

At 1 January 2024

296,934

Charge for period

49,362

Eliminated on disposal

(346,296

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 December 2023

108,859

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

8,105

89,586

8,903

106,594

Disposals

(8,105

)

(89,586

)

(8,903

)

(106,594

)

At 31 March 2025

-

DEPRECIATION

At 1 January 2024

6,879

77,630

7,191

91,700

Charge for period

244

-

1,313

1,557

Eliminated on disposal

(7,123

)

(77,630

)

(8,504

)

(93,257

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 December 2023

1,226

11,956

1,712

14,894

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

Trade debtors

-

38,763

Other debtors

528,829

198,085

528,829

236,848

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

Trade creditors

-

950

Taxation and social security

-

73,187

Other creditors

-

7,950

-

82,087

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.12.23

£

Within one year

-

5,500

Between one and five years

-

9,625

-

15,125

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.12.23

value:

£

1

Ordinary

£1

1

10.	ULTIMATE CONTROLLING PARTY

The issued share capital was acquired by Wren Stirling Financial Planning Limited on 3 January 2025, and the company has been a wholly owned subsidiary since then.