Maspero Associates Wealth Management Limited 09933578 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is wealth management advice and services Digita Accounts Production Advanced 6.30.9574.0 true 09933578 2024-04-01 2025-03-31 09933578 2025-03-31 09933578 bus:OrdinaryShareClass1 2025-03-31 09933578 core:RetainedEarningsAccumulatedLosses 2025-03-31 09933578 core:ShareCapital 2025-03-31 09933578 core:CurrentFinancialInstruments 2025-03-31 09933578 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09933578 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 09933578 core:FurnitureFittingsToolsEquipment 2025-03-31 09933578 bus:SmallEntities 2024-04-01 2025-03-31 09933578 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09933578 bus:AbridgedAccounts 2024-04-01 2025-03-31 09933578 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09933578 bus:RegisteredOffice 2024-04-01 2025-03-31 09933578 bus:Director1 2024-04-01 2025-03-31 09933578 bus:Director2 2024-04-01 2025-03-31 09933578 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09933578 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09933578 bus:Agent1 2024-04-01 2025-03-31 09933578 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09933578 core:ShareCapital 2024-04-01 2025-03-31 09933578 core:Goodwill 2024-04-01 2025-03-31 09933578 core:ComputerEquipment 2024-04-01 2025-03-31 09933578 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 09933578 countries:England 2024-04-01 2025-03-31 09933578 2024-03-31 09933578 core:RetainedEarningsAccumulatedLosses 2024-03-31 09933578 core:ShareCapital 2024-03-31 09933578 core:FurnitureFittingsToolsEquipment 2024-03-31 09933578 2023-04-01 2024-03-31 09933578 2024-03-31 09933578 bus:OrdinaryShareClass1 2024-03-31 09933578 core:CurrentFinancialInstruments 2024-03-31 09933578 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09933578 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09933578 core:FurnitureFittingsToolsEquipment 2024-03-31 09933578 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09933578 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09933578 core:ShareCapital 2023-04-01 2024-03-31 09933578 2023-03-31 09933578 core:RetainedEarningsAccumulatedLosses 2023-03-31 09933578 core:ShareCapital 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09933578

Maspero Associates Wealth Management Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 March 2025

Maspero Associates Wealth Management Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Statement of Changes in Equity | 4
Notes to the Unaudited Abridged Financial Statements | 5 to 9

Maspero Associates Wealth Management Limited

Company Information

Directors | Alasdair Maspero Poppy Jane Hoskins

Registered office | 20 Vespasian Way Dorchester Dorset DT1 2RD

Accountants | Winsor Associates 20 Vespasian Way Dorchester Dorset DT1 2RD

Maspero Associates Wealth Management Limited

(Registration number: 09933578)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 5,082,181 | 2,297,810
Tangible assets | 6 | 16,937 | 18,956
|  | 5,099,118 | 2,316,766
Current assets |  |  |
Debtors |  | 137,116 | 55,580
Cash at bank and in hand |  | 620,475 | 328,466
|  | 757,591 | 384,046
Creditors: Amounts falling due within one year |  | (922,351) | (296,180)
Net current (liabilities)/assets |  | (164,760) | 87,866
Total assets less current liabilities |  | 4,934,358 | 2,404,632
Creditors: Amounts falling due after more than one year |  | (2,958,026) | (909,348)
Accruals and deferred income |  | (3,700) | (3,700)
Net assets |  | 1,972,632 | 1,491,584
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 1,972,532 | 1,491,484
Shareholders' funds |  | 1,972,632 | 1,491,584

For the financial 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.

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.

Maspero Associates Wealth Management Limited

(Registration number: 09933578)
Abridged Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

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

Approved and authorised by the Board on 18 December 2025 and signed on its behalf by:

......................................... Alasdair Maspero Director

Maspero Associates Wealth Management Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 100 | 1,491,484 | 1,491,584
Profit for the year | - | 567,048 | 567,048
Dividends | - | (86,000) | (86,000)
At 31 March 2025 | 100 | 1,972,532 | 1,972,632

| Share capital £ | Retained earnings £ | Total £
At 1 April 2023 | 100 | 1,266,272 | 1,266,372
Profit for the year | - | 355,212 | 355,212
Dividends | - | (130,000) | (130,000)
At 31 March 2024 | 100 | 1,491,484 | 1,491,584

Maspero Associates Wealth Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is:
20 Vespasian Way
Dorchester
Dorset
DT1 2RD
United Kingdom

These financial statements were authorised for issue by the Board on 18 December 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Maspero Associates Wealth Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer and office equipment | 25% straight line

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:

Asset class | Amortisation method and rate
Goodwill | Straight line over 10 years

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 merchandise sold or 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.

Maspero Associates Wealth Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 3).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 5,646 | 6,318

Maspero Associates Wealth Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

5 | Intangible assets

| Total £
Cost or valuation
At 1 April 2024 | 2,347,863
Additions acquired separately | 2,784,371
At 31 March 2025 | 5,132,234
Amortisation
At 1 April 2024 | 50,053
At 31 March 2025 | 50,053
Carrying amount
At 31 March 2025 | 5,082,181
At 31 March 2024 | 2,297,810

6 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 41,863 | 41,863
Additions | 3,627 | 3,627
At 31 March 2025 | 45,490 | 45,490
Depreciation
At 1 April 2024 | 22,907 | 22,907
Charge for the year | 5,646 | 5,646
At 31 March 2025 | 28,553 | 28,553
Carrying amount
At 31 March 2025 | 16,937 | 16,937
At 31 March 2024 | 18,956 | 18,956

Maspero Associates Wealth Management Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 100 | 100 | 100 | 100

8 | Dividends

Final dividends paid

|  | 2025 £ |  | 2024 £
Final dividend of £860.00 (2024 - £1,300.00) per each Ordinary share |  | 86,000 |  | 130,000

9 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,000 | 12,000