The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Ludlow Wealth Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 172 Lord Street, Southport, Merseyside, United Kingdon, PR9 0QA.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Post year end on 2 April 2025, the share capital of the company was sold to Ludlow Wealth Management Group Ltd. Following the sale, the company has ceased trading and as a consequence the financial statements have been prepared on a basis other than a going concern. At the balance sheet date all liabilities have been recognised in full and all assets stated at recoverable value. No material adjustments arose as a result of ceasing to apply the going concern basis.true

Turnover represents amounts receivable for services. The company recognises income when the transaction is complete and legally binding.

The company recognises the total income arising on each transaction, however agrees to pay a fixed rate to its authorised representative by way of management fees. These are included within cost of sales.

Cash at bank and in hand are basic financial assets and include cash in hand, and deposits held at call with banks.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Emphasis of matter - financial statement prepared on a basis other than going concern

We draw attention to Note 1.2 to the financial statements which explains that the company has ceased to trade post year end and therefore the director does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 1.2. Our opinion is not modified in respect of this matter.

On 2 April 2025, the company ceased to trade. The company became dormant after that date and the director intends to strike the company off in the near future. On the 2nd April 2025, the immediate parent company changed from Napthens LLP to Ludlow Wealth Management Group Limited and the ultimate parent company changed to Mattioli Woods Limited. On 31 May 2025 the company’s ownership was transferred under a group reorganisation from Ludlow Wealth Management Group Limited to Mattioli Woods Limited.

The company has taken advantage of the exemption permitted under Section 1A paragraph 35C from disclosing transactions with its parent company and other wholly owned group companies.

During the year ended 31 March 2025, the ultimate controlling party of the company was Napthens LLP, a limited liability partnership registered in England and Wales.

Copies of the consolidated financial statements of Napthens LLP, which is both the smallest and largest group for which consolidated financial statements are prepared, may be obtained from Companies House. The registered office of Napthens LLP is 7 Winckley Square, Preston, PR1 3JD.

On 2 April 2025, the company’s ownership passed from Napthens LLP to Ludlow Wealth Management Group Limited under a sale and purchase agreement, and was subsequently transferred to Mattioli Woods Limited on 31 May 2025. Mattioli Woods Limited became the ultimate parent company from 2 April 2025.

Copies of the financial statements of Mattioli Woods Limited may be obtained from Companies House.

The registered office of Mattioli Woods Limited is 1 New Walk Place, Leicester, England, LE1 6RU.