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Registered number: 13249926
Cole Wealth Management Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Cooper Associates Accountants Ltd
Cole Wealth Management Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Cole Wealth Management Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 13249926

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,320,260 |  | 1,320,260
Tangible Assets | 5 |  | 2,629 |  | 3,684
|  |  | 1,322,889 |  | 1,323,944
CURRENT ASSETS
Debtors | 6 | 17,685 |  | 29,446 |
Cash at bank and in hand |  | 48,933 |  | 60,276 |
|  | 66,618 |  | 89,722 |
Creditors: Amounts Falling Due Within One Year | 7 | (202,265 ) |  | (202,257 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (135,647 ) |  | (112,535 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,187,242 |  | 1,211,409
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (733,247 ) |  | (866,511 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (463 ) |  | (921 )
NET ASSETS |  |  | 453,532 |  | 343,977
CAPITAL AND RESERVES
Called up share capital | 9 |  | 10 |  | 10
Profit and Loss Account |  |  | 453,522 |  | 343,967
SHAREHOLDERS' FUNDS |  |  | 453,532 |  | 343,977

Page 1
Page 2
Cole Wealth Management Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr M Cole Director
13th November 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Cole Wealth Management Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Cole Wealth Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13249926 . The registered office is 40 St James Buildings, St. James Street, Taunton, TA1 1JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. As the intangible assets held by the company have an indefinite life, no amortisation is charged however intangible assets are reviewed for impairment at the balance sheet date.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% reducing balance
Office equipment | 25% reducing balance

2.5. Financial Instruments
The company holds the following financial instruments:

- Short term trade and other debtors and creditors;
- Other loans; and
- Cash and bank balances.

All financial instruments are classified as basic. Recognition and measurement The company has chosen to apply the recognition and measurement principles in FRS102. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecgonised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
...CONTINUED
Page 3
Page 4
Cole Wealth Management Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.5. Financial Instruments - continued
Except for loans, such instruments are initially measured at transaction price, including transaction costs and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Loans are initially measured at transaction price, including transaction costs and are subsequently carried at amortised cost using the effective interest method.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 April 2024 | 1,320,260
As at 31 March 2025 | 1,320,260
Net Book Value
As at 31 March 2025 | 1,320,260
As at 1 April 2024 | 1,320,260

Page 4
Page 5
Cole Wealth Management Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Tangible Assets

| Fixtures & Fittings | Office equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 6,216 | 860 | 7,076
Additions | - | 1,168 | 1,168
As at 31 March 2025 | 6,216 | 2,028 | 8,244
Depreciation
As at 1 April 2024 | 3,108 | 284 | 3,392
Provided during the period | 1,554 | 669 | 2,223
As at 31 March 2025 | 4,662 | 953 | 5,615
Net Book Value
As at 31 March 2025 | 1,554 | 1,075 | 2,629
As at 1 April 2024 | 3,108 | 576 | 3,684

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 17,685 |  | 29,446

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | 133,269 |  | 133,275
Corporation tax | 50,493 |  | 58,053
Accruals | 1,890 |  | 1,800
Director's loan account | 16,613 |  | 9,129
| 202,265 |  | 202,257

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | 733,247 |  | 866,511

Of the creditors falling due after more than one year the following amounts are due after more than five years.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other Creditors | 66,901 |  | 200,140

Page 5
Page 6
Cole Wealth Management Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10 |  | 10

Page 6