REGISTERED NUMBER: OC380752 (England and Wales)

Ford Wealth Management LLP

Financial Statements for the Year Ended 31 March 2025

Page

General Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

D T Ford

Mrs A Ford

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

OC380752 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

National Westminster Bank plc

Western Avenue

Waterside Court

Chatham

Kent

ME4 4RT

FIXED ASSETS

Intangible assets

4

8,531

24,829

Tangible assets

5

7,036

10,031

15,567

34,860

CURRENT ASSETS

Debtors: amounts falling due within one year

44,192

50,313

Cash at bank

3,258

2,871

47,450

53,184

CREDITORS

Amounts falling due within one year

3,840

3,600

NET CURRENT ASSETS

43,610

49,584

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

59,177

84,444

PROVISIONS FOR LIABILITIES

10,500

10,500

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

48,677

73,944

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

48,677

73,944

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 December 2025 and were signed by:

D T Ford - Designated member

Mrs A Ford - Designated member

1.	STATUTORY INFORMATION

Ford Wealth Management LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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.

Client portfolios are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

33% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

137,829

Disposals

(31,399

)

At 31 March 2025

106,430

AMORTISATION

At 1 April 2024

113,000

Amortisation for year

10,642

Eliminated on disposal

(25,743

)

At 31 March 2025

97,899

NET BOOK VALUE

At 31 March 2025

8,531

At 31 March 2024

24,829

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

34,941

DEPRECIATION

At 1 April 2024

24,910

Charge for year

2,995

At 31 March 2025

27,905

NET BOOK VALUE

At 31 March 2025

7,036

At 31 March 2024

10,031

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The debt ranks last in order of priority to the other creditors.