REGISTERED NUMBER: 08941540 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

WILLINGALE WEALTH MANAGEMENT LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

1,564,748

510,015

Tangible assets

5

712

949

Investments

6

160

1,244,252

1,565,620

1,755,216

Current assets

Debtors

7

1,692

58,273

Cash at bank

18,568

6,688

20,260

64,961

Creditors

Amounts falling due within one year

8

302,621

670,778

Net current liabilities

(282,361

)

(605,817

)

Total assets less current liabilities

1,283,259

1,149,399

Creditors

Amounts falling due after more than one year

9

(1,064,985

)

(1,012,448

)

Provisions for liabilities

11

(178

)

(180

)

Net assets

218,096

136,771

Capital and reserves

Called up share capital

12

100

100

Retained earnings

217,996

136,671

Shareholders' funds

218,096

136,771

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

Mr J A Willingale - Director

1.	Statutory information

Willingale Wealth Management Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08941540. The registered office and business address is Farthings, 24 Ashwood Drive, Broadstone, Dorset, BH18 8LN

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.

Preparation of consolidated financial statements

The financial statements contain information about Willingale Wealth Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents commission received from wealth management activities for private clients. Income is recognised when investments are written.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of various businesses is being amortised evenly over its estimated useful like with are between 2-20 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.

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account 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

Goodwill

£

Cost

At 1 April 2024

855,501

Additions

1,318,534

Disposals

(123,980

)

At 31 March 2025

2,050,055

Amortisation

At 1 April 2024

345,486

Charge for year

139,821

At 31 March 2025

485,307

Net book value

At 31 March 2025

1,564,748

At 31 March 2024

510,015

5.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 April 2024

and 31 March 2025

3,766

Depreciation

At 1 April 2024

2,817

Charge for year

237

At 31 March 2025

3,054

Net book value

At 31 March 2025

712

At 31 March 2024

949

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 April 2024

1,244,252

Disposals

(1,244,092

)

At 31 March 2025

160

Net book value

At 31 March 2025

160

At 31 March 2024

1,244,252

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

14,286

Other debtors

-

33,565

Directors' current accounts

1,692

10,422

1,692

58,273

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Other loans

194,399

202,645

Trade creditors

126

-

Amounts owed to group undertakings

160

118,952

Tax

68,875

70,337

Social security and other taxes

4,041

2,603

Other creditors

1,357

247,785

Wages creditor

1,140

-

Directors' current accounts

5,529

27,616

Accruals and deferred income

26,994

840

302,621

670,778

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other loans - 1-2 years

208,314

183,526

Other loans - 2-5 years

598,785

500,719

Other loans more 5yrs instal

257,886

328,203

1,064,985

1,012,448

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

257,886

328,203

10.	Leasing agreements

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

2025

2024

£

£

Within one year

230

-

11.	Provisions for liabilities

2025

2024

£

£

Deferred tax

178

180

Deferred

tax

£

Balance at 1 April 2024

180

Credit to Income statement during year

(2

)

Balance at 31 March 2025

178

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

51

Ordinary A

£1

51

51

44

Ordinary B

£1

44

44

5

Ordinary C

£1

5

5

100

100

13.	Directors' advances, credits and guarantees

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

2025

2024

£

£

Mr J A Willingale

Balance outstanding at start of year

10,421

-

Amounts advanced

48,271

10,421

Amounts repaid

(57,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,692

10,421

At the balance sheet date the Director Mr J Willingale owed the company £1,692 (2024: £10,421). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

14.	Related party disclosures

During the period the company's subsidiary's assets were hived up into the company.

15.	Ultimate controlling party

The company is under the control of the Director Mr J Willingale, by virtue of his 51% holding of the issued voting share capital of the company.