REGISTERED NUMBER: 05416798 (England and Wales)

SANDLES WEALTH MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,089

1,572

CURRENT ASSETS

Debtors

5

420,083

1,955

Cash at bank

40,665

401,167

460,748

403,122

CREDITORS

Amounts falling due within one year

6

7,921

25,412

NET CURRENT ASSETS

452,827

377,710

TOTAL ASSETS LESS CURRENT LIABILITIES

453,916

379,282

CREDITORS

Amounts falling due after more than one year

7

368,250

313,250

NET ASSETS

85,666

66,032

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

85,566

65,932

SHAREHOLDERS' FUNDS

85,666

66,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2025 and were signed by:

M S Sandles - Director

1.	STATUTORY INFORMATION

Sandles Wealth Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05416798

Registered office:

414 Gower Road

Killay

Swansea

SA2 7AJ

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents a combination of gross insurance commissions earned after deduction for any clawback commissions, together with consultancy fees and expenses charged in respect of the development of a solar park.

Tangible fixed assets

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

Office equipment

-

10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2024

and 31 March 2025

18,127

DEPRECIATION

At 1 April 2024

16,555

Charge for year

483

At 31 March 2025

17,038

NET BOOK VALUE

At 31 March 2025

1,089

At 31 March 2024

1,572

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,918

1,885

Other debtors

418,165

70

420,083

1,955

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

349

99

Taxation and social security

4,913

21,915

Other creditors

2,659

3,398

7,921

25,412

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

368,250

313,250

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

368,250

313,250

Monies advanced to the company in respect of work undertaken on a large solar project cannot be recognised as income until the third stage of the project is achieved. As a result therefore, these monies remain as potentially repayable and are therefore classed as a loan until that third stage is achieved.

9.	RELATED PARTY DISCLOSURES

Rent has been charged to the company by the director which is included in the profit and loss account.

The company is under the control of the director, who owns 100% of the issued share capital.