IRIS Accounts Production v25.3.0.601 09244611 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09244611 2024-03-31 09244611 2025-03-31 09244611 2024-04-01 2025-03-31 09244611 2022-10-31 09244611 2022-11-01 2024-03-31 09244611 2024-03-31 09244611 ns15:EnglandWales 2024-04-01 2025-03-31 09244611 ns14:PoundSterling 2024-04-01 2025-03-31 09244611 ns10:Director1 2024-04-01 2025-03-31 09244611 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09244611 ns10:SmallEntities 2024-04-01 2025-03-31 09244611 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09244611 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 09244611 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09244611 ns10:FullAccounts 2024-04-01 2025-03-31 09244611 1 2024-04-01 2025-03-31 09244611 ns10:Director2 2024-04-01 2025-03-31 09244611 ns10:RegisteredOffice 2024-04-01 2025-03-31 09244611 ns5:CurrentFinancialInstruments 2025-03-31 09244611 ns5:CurrentFinancialInstruments 2024-03-31 09244611 ns5:Non-currentFinancialInstruments 2025-03-31 09244611 ns5:Non-currentFinancialInstruments 2024-03-31 09244611 ns5:ShareCapital 2025-03-31 09244611 ns5:ShareCapital 2024-03-31 09244611 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 09244611 ns5:NetGoodwill 2024-04-01 2025-03-31 09244611 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 09244611 ns5:FurnitureFittings 2024-04-01 2025-03-31 09244611 ns5:MotorVehicles 2024-04-01 2025-03-31 09244611 ns5:ComputerEquipment 2024-04-01 2025-03-31 09244611 ns5:NetGoodwill 2024-03-31 09244611 ns5:NetGoodwill 2025-03-31 09244611 ns5:NetGoodwill 2024-03-31 09244611 ns5:FurnitureFittings 2024-03-31 09244611 ns5:MotorVehicles 2024-03-31 09244611 ns5:ComputerEquipment 2024-03-31 09244611 ns5:FurnitureFittings 2025-03-31 09244611 ns5:MotorVehicles 2025-03-31 09244611 ns5:ComputerEquipment 2025-03-31 09244611 ns5:FurnitureFittings 2024-03-31 09244611 ns5:MotorVehicles 2024-03-31 09244611 ns5:ComputerEquipment 2024-03-31 09244611 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 09244611 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 09244611 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2025-03-31 09244611 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 09244611 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 09244611 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 09244611 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-03-31 09244611 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-03-31 09244611 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-03-31 09244611 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-03-31 09244611 ns5:HirePurchaseContracts 2025-03-31 09244611 ns5:HirePurchaseContracts 2024-03-31 09244611 ns5:WithinOneYear 2025-03-31 09244611 ns5:WithinOneYear 2024-03-31 09244611 ns5:BetweenOneFiveYears 2025-03-31 09244611 ns5:BetweenOneFiveYears 2024-03-31 09244611 ns5:AllPeriods 2025-03-31 09244611 ns5:AllPeriods 2024-03-31 09244611 ns5:Secured 2025-03-31 09244611 ns5:Secured 2024-03-31 09244611 1 ns10:Director1 2024-03-31 09244611 1 ns10:Director1 2022-10-31 09244611 1 ns10:Director1 2024-04-01 2025-03-31 09244611 1 ns10:Director1 2022-11-01 2024-03-31 09244611 1 ns10:Director1 2025-03-31 09244611 1 ns10:Director1 2024-03-31

REGISTERED NUMBER: 09244611 (England and Wales)

HEARNDEN & WESTON WEALTH MANAGEMENT

LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED (REGISTERED NUMBER: 09244611) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | N J Hearnden

| A C Poole

| REGISTERED OFFICE: | The Old School House

| 2360 Stratford Road

| Hockley Heath

| Solihull

| West Midlands

| B94 6QT

| REGISTERED NUMBER: | 09244611 (England and Wales)

| ACCOUNTANTS: | Sephton & Company LLP

| Chartered Certified Accountants

| Marston House

| 5 Elmdon Lane

| Marston Green

| Solihull

| West Midlands

| B37 7DL

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED (REGISTERED NUMBER: 09244611) |

BALANCE SHEET

31 MARCH 2025

| 31/3/25 | 31/3/24 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 2,812,696 |  | 2,999,550 |  |

Tangible assets | 5 | 102,547 |  | 135,118 |  |

2,915,243 |  | 3,134,668 |  |

CURRENT ASSETS

Debtors | 6 | 379,644 |  | 377,376 |  |

Cash at bank and in hand | 100,665 |  | 131,607 |  |

480,309 |  | 508,983 |  |

CREDITORS

Amounts falling due within one year | 7 | 623,542 |  | 642,831 |  |

NET CURRENT LIABILITIES | (143,233 | ) | (133,848 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,772,010 |  | 3,000,820 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (2,533,029 | ) | (2,779,495 | ) |

PROVISIONS FOR LIABILITIES | (25,637 | ) | (25,672 | ) |

NET ASSETS | 213,344 |  | 195,653 |  |

CAPITAL AND RESERVES

Called up share capital | 101 |  | 101 |  |

Retained earnings | 213,243 |  | 195,552 |  |

SHAREHOLDERS' FUNDS | 213,344 |  | 195,653 |  |

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.

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED (REGISTERED NUMBER: 09244611) |

BALANCE SHEET - continued

31 MARCH 2025

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 Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

N J Hearnden - Director

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED (REGISTERED NUMBER: 09244611) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Hearnden & Weston 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 is being amortised evenly over its estimated useful life ranging from 10 to 20 years.

| Estimates of the useful economic life of goodwill are based upon a variety of factors such as the expected use of the acquired business, the expected life of the income generating units to which the goodwill is attributed, any legal, regulatory or contractual provisions that can limit useful life and assumptions that market participants would consider in respect of similar businesses.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 20% on cost

| 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.

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED (REGISTERED NUMBER: 09244611) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 12 (2024 - 13 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 3,384,696 |  |

| AMORTISATION

| At 1 April 2024 | 385,146 |  |

| Charge for year | 186,854 |  |

| At 31 March 2025 | 572,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,812,696 |  |

| At 31 March 2024 | 2,999,550 |  |

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED (REGISTERED NUMBER: 09244611) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 18,991 |  | 188,326 |  | 26,938 |  | 234,255 |  |

| Additions | 259 |  | - |  | 2,098 |  | 2,357 |  |

| At 31 March 2025 | 19,250 |  | 188,326 |  | 29,036 |  | 236,612 |  |

| DEPRECIATION

| At 1 April 2024 | 9,025 |  | 74,746 |  | 15,366 |  | 99,137 |  |

| Charge for year | 1,529 |  | 28,394 |  | 5,005 |  | 34,928 |  |

| At 31 March 2025 | 10,554 |  | 103,140 |  | 20,371 |  | 134,065 |  |

| NET BOOK VALUE

| At 31 March 2025 | 8,696 |  | 85,186 |  | 8,665 |  | 102,547 |  |

| At 31 March 2024 | 9,966 |  | 113,580 |  | 11,572 |  | 135,118 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 188,326 |  |

| DEPRECIATION

| At 1 April 2024 | 74,746 |  |

| Charge for year | 28,394 |  |

| At 31 March 2025 | 103,140 |  |

| NET BOOK VALUE

| At 31 March 2025 | 85,186 |  |

| At 31 March 2024 | 113,580 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

| as restated |

£ | £ |

| Trade debtors | 241,731 |  | 126,339 |  |

| Other debtors | 137,913 |  | 251,037 |  |

379,644 |  | 377,376 |  |

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED (REGISTERED NUMBER: 09244611) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/3/25 |  | 31/3/24

| as restated |

£ | £ |

| Bank loans and overdrafts | 293,676 |  | 288,019 |  |

| Hire purchase contracts (see note 9) | 44,315 |  | 19,986 |  |

| Trade creditors | 96,707 |  | 198,382 |  |

| Taxation and social security | 181,908 |  | 129,783 |  |

| Other creditors | 6,936 |  | 6,661 |  |

623,542 |  | 642,831 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31/3/25 |  | 31/3/24

| as restated |

£ | £ |

| Bank loans | 2,453,033 |  | 2,654,707 |  |

| Hire purchase contracts (see note 9) | 79,996 |  | 124,788 |  |

2,533,029 |  | 2,779,495 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 1,213,606 |  | 1,466,171 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

| 31/3/25 |  | 31/3/24 |

| as restated |

£ | £ |

| Net obligations repayable:

| Within one year | 44,315 |  | 19,986 |  |

| Between one and five years | 79,996 |  | 124,788 |  |

124,311 |  | 144,774 |  |

| HEARNDEN & WESTON WEALTH MANAGEMENT |

| LIMITED (REGISTERED NUMBER: 09244611) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

| 31/3/25 |  | 31/3/24

| as restated |

£ | £ |

| Within one year | 48,588 |  | 48,588 |  |

| Between one and five years | 48,294 |  | 96,294 |  |

96,882 |  | 144,882 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31/3/25 |  | 31/3/24

| as restated |

£ | £ |

| Bank loans | 2,746,709 |  | 2,942,726 |  |

| Hire purchase contracts | 124,311 |  | 144,774 |  |

2,871,020 |  | 3,087,500 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

| 31/3/25 |  | 31/3/24

| as restated |

£ | £ |

| N J Hearnden

| Balance outstanding at start of year | 47,605 |  | - |  |

| Amounts advanced | 49,506 |  | 47,605 |  |

| Amounts repaid | (47,605 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 49,506 |  | 47,605 |  |

12. | PRIOR YEAR ADJUSTMENT

| In the previous two years, the company's goodwill of £3,032,271 was incorrectly classified as an investment rather than an intangible asset. The goodwill is now presented in 'intangible assets'. Additionally, as a consequence of the intangible asset classification in the balance sheet, amortisation of £290,592 should have been provided. The directors of the company have therefore made a prior year adjustment to correct the material error.

| Opening retained earnings in the comparatives to these financial statements have been amended by £75,806. Opening profit and loss reserves to this year's financial statements have been amended by a further £214,786, resulting in a cumulative impact on the retained earnings as previously stated at 31 March 2024 of £290,592.