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Company Registration No. 12250145 (England and Wales)
R HIGGS WEALTH MANAGEMENT LIMITED Unaudited accounts for the year ended 31 March 2025
R HIGGS WEALTH MANAGEMENT LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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R HIGGS WEALTH MANAGEMENT LIMITED Company Information for the year ended 31 March 2025
Director
Mr R Higgs
Company Number
12250145 (England and Wales)
Registered Office
33 MALAGO DRIVE BRISTOL BS3 5DR UNITED KINGDOM
Accountants
Space Advisory and Accountancy Limited 19 Malago Drive Bristol BS3 5DR
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R HIGGS WEALTH MANAGEMENT LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,011 
1,851 
Current assets
Debtors
5
7,572 
11,711 
Cash at bank and in hand
1,721 
296 
9,293 
12,007 
Creditors: amounts falling due within one year
6
(9,251)
(8,131)
Net current assets
42 
3,876 
Total assets less current liabilities
1,053 
5,727 
Creditors: amounts falling due after more than one year
7
(442)
(3,057)
Net assets
611 
2,670 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
511 
2,570 
Shareholders' funds
611 
2,670 
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2025 and were signed on its behalf by
Mr R Higgs Director Company Registration No. 12250145
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R HIGGS WEALTH MANAGEMENT LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
R HIGGS WEALTH MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12250145. The registered office is 33 MALAGO DRIVE, BRISTOL, BS3 5DR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
1,763 
3,318 
5,081 
At 31 March 2025
1,763 
3,318 
5,081 
Depreciation
At 1 April 2024
705 
2,525 
3,230 
Charge for the year
176 
664 
840 
At 31 March 2025
881 
3,189 
4,070 
Net book value
At 31 March 2025
882 
129 
1,011 
At 31 March 2024
1,058 
793 
1,851 
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R HIGGS WEALTH MANAGEMENT LIMITED Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
6,856 
11,711 
Other debtors
716 
- 
7,572 
11,711 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
2,615 
2,551 
Taxes and social security
5,838 
3,950 
Loans from directors
- 
832 
Accruals
798 
798 
9,251 
8,131 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
442 
3,057 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr R Higgs
Directors loan
(832)
6,548 
5,000 
716 
(832)
6,548 
5,000 
716 
Interest is charged in line with HMRC guidance
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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