Registration number: 12064248

Greenways Wealth Management Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 9

Greenways Wealth Management Ltd

Company Information

Directors

M D Harms H E Harms

Company secretary

H E Harms

Registered office

Mey House Bridport Road Poundbury Dorset DT1 3QY

Accountants

Spirare Limited Chartered Certified AccountantsMey House Bridport Road Poundbury Dorset DT1 3QY

Greenways Wealth Management Ltd

(Registration number: 12064248)
Abridged Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	397,741	387,690
Current assets
Debtors		2,104	104
Investments	5	972,502	135,100
Cash at bank and in hand		31,633	17,616
		1,006,239	152,820
Prepayments and accrued income		24,238	31,002
Creditors: Amounts falling due within one year	6.1	(46,922)	(54,062)
Net current assets		983,555	129,760
Total assets less current liabilities		1,381,296	517,450
Creditors: Amounts falling due after more than one year		(1,061,611)	(359,437)
Accruals and deferred income		(82,489)	(21,119)
Net assets		237,196	136,894
Capital and reserves
Called up share capital	7	104	104
Revaluation reserve		149,077	149,077
Retained earnings		88,015	(12,287)
Shareholders' funds		237,196	136,894

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 October 2025 and signed on its behalf by:
 

Greenways Wealth Management Ltd

(Registration number: 12064248)
Abridged Balance Sheet as at 30 April 2025

......................................... M D Harms Director

......................................... H E Harms Company secretary and director

Greenways Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Mey House
Bridport Road
Poundbury
Dorset
DT1 3QY

These financial statements were authorised for issue by the Board on 20 October 2025.

2	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

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

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:

Greenways Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

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.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

Greenways Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Intangible assets

	Total £
Cost or valuation
At 1 May 2024	387,690
Additions acquired separately	10,051
At 30 April 2025	397,741
Amortisation
Carrying amount
At 30 April 2025	397,741
At 30 April 2024	387,690

5	Current asset investments

	2025 £	2024 £
Other investments	972,502	135,100

6

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £xx (2024 - £xx).

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	104	104	104	104

Allotted, called up and fully paid shares

Greenways Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

	2025		2024
	No.	£	No.	£
Ordinary shares of 1 each	4	4	4	4

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	149,077	149,077

9	Related party transactions

Greenways Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Summary of transactions with other related parties

MDH Wealth Management Ltd
Greenways Wealth Management Ltd received a loan from MDH Wealth Management Ltd and at the year end the amount outstanding was £60,000 (2024 - £60,000).

Mr M Harms and Mrs H Harms control MDH Wealth Management Ltd.

Medical & General Independent Financial Advisers Ltd
Greenways Wealth Management Ltd received a loan from Medical & General Independent Financial Advisers Ltd of £225. This amount was outstanding at the year end was £26,000 (2024 - £25,775).

Greenways Wealth Management Ltd is controlled by Mr M Harms and Mrs H Harms. Greenways Wealth Management owns 100% of the share capital in Medical & General Independent Financial Advisers Ltd.