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Registration number: 08389899

Puleston Wealth Management Ltd
Unaudited Filleted Financial Statements
for the Period from 1 March 2024 to 31 March 2025

Puleston Wealth Management Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Puleston Wealth Management Ltd

Company Information

Director | S Puleston

Registered office | Springside 21 Arley Road Appleton Warrington WA4 4RN

Accountants | Davidson Stant Limited The Glen Knutsford Old Road Stockton Heath Warrington Cheshire WA4 2LD

Puleston Wealth Management Ltd

(Registration number: 08389899)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 3 | - | 3,000
Tangible assets | 4 | 80,218 | 77,281
Other financial assets | 5 | 482,372 | 184,240
|  | 562,590 | 264,521
Current assets |  |  |
Debtors | 6 | 4,627 | 139,894
Cash at bank and in hand |  | 68,293 | 7,837
|  | 72,920 | 147,731
Creditors: Amounts falling due within one year | 7 | (96,875) | (98,476)
Net current (liabilities)/assets |  | (23,955) | 49,255
Total assets less current liabilities |  | 538,635 | 313,776
Creditors: Amounts falling due after more than one year | 7 | (26,872) | -
Net assets |  | 511,763 | 313,776
Capital and reserves |  |  |
Called up share capital | 8 | 10 | 10
Retained earnings |  | 511,753 | 313,766
Shareholders' funds |  | 511,763 | 313,776

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 October 2025

.........................................

S Puleston

Director

Puleston Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These 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 that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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 income 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Puleston Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Puleston Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 5 (2024 - 4).

Puleston Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

3 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 March 2024 | 227,502 | 227,502
At 31 March 2025 | 227,502 | 227,502
Amortisation
At 1 March 2024 | 224,502 | 224,502
Amortisation charge | 3,000 | 3,000
At 31 March 2025 | 227,502 | 227,502
Carrying amount
At 31 March 2025 | - | -
At 29 February 2024 | 3,000 | 3,000

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 March 2024 | 73,580 | 31,096 | 21,744 | 126,420
Additions | - | 3,967 | 629 | 4,596
At 31 March 2025 | 73,580 | 35,063 | 22,373 | 131,016
Depreciation
At 1 March 2024 | - | 28,143 | 20,996 | 49,139
Charge for the period | - | 1,384 | 275 | 1,659
At 31 March 2025 | - | 29,527 | 21,271 | 50,798
Carrying amount
At 31 March 2025 | 73,580 | 5,536 | 1,102 | 80,218
At 29 February 2024 | 73,580 | 2,953 | 748 | 77,281

Included within the net book value of land and buildings above is £73,580 (2024 - £73,580) in respect of long leasehold land and buildings.

Puleston Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

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

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 March 2024 | 184,240 | 184,240
Additions | 298,132 | 298,132
At 31 March 2025 | 482,372 | 482,372
Impairment
Carrying amount
At 31 March 2025 | 482,372 | 482,372

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 4,339 | 4,945
Other debtors | 288 | 134,949
| 4,627 | 139,894

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 97,869 | 61,322
Accruals and deferred income | - | 5,200
Other creditors | (994) | 31,954
| 96,875 | 98,476

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 26,872 | -

Puleston Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

8 | Share capital

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 26,872 | -

10 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £8,743.00 (2024 - £20,000.00) per each Ordinary |  | 87,430 |  | 200,000

11 | Related party transactions

Puleston Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 March 2025

Director's remuneration

The director's remuneration for the period was as follows:

| 2025 £ | 2024 £
Remuneration | 9,854 | 18,192
Contributions paid to money purchase schemes | 60,000 | 120,100
| 69,854 | 138,292