REGISTERED NUMBER: 10674590 (England and Wales)

SM THOMPSON WEALTH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Thompson

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

10674590 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Intangible assets

4

343

343

Tangible assets

5

34,741

45,604

35,084

45,947

CURRENT ASSETS

Debtors

6

2,777

20,367

Cash at bank and in hand

25,760

4,228

28,537

24,595

CREDITORS

Amounts falling due within one year

7

19,728

22,566

NET CURRENT ASSETS

8,809

2,029

TOTAL ASSETS LESS CURRENT LIABILITIES

43,893

47,976

CREDITORS

Amounts falling due after more than one year

8

(25,748

)

(37,641

)

PROVISIONS FOR LIABILITIES

10

(8,664

)

(8,664

)

NET ASSETS

9,481

1,671

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

12

8,481

671

SHAREHOLDERS' FUNDS

9,481

1,671

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

Mr S Thompson - Director

1.	STATUTORY INFORMATION

Sm Thompson Wealth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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. The policies adopted for the recognition of turnover are as follows:

Revenue

Revenue represents invoiced sales of services. Revenue is recognised on the earlier receipt of the invoice or the receipt of the funds relating thereto.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

343

NET BOOK VALUE

At 31 March 2025

343

At 31 March 2024

343

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

37,100

5,900

38,766

7,575

89,341

Additions

-

-

-

837

837

At 31 March 2025

37,100

5,900

38,766

8,412

90,178

DEPRECIATION

At 1 April 2024

24,860

5,180

7,753

5,944

43,737

Charge for year

3,710

720

6,203

1,067

11,700

At 31 March 2025

28,570

5,900

13,956

7,011

55,437

NET BOOK VALUE

At 31 March 2025

8,530

-

24,810

1,401

34,741

At 31 March 2024

12,240

720

31,013

1,631

45,604

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

500

500

Section 455 tax

17

17

Prepayments and accrued income

2,260

19,850

2,777

20,367

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

8,882

8,882

Trade creditors

523

555

Tax

5,081

-

Social security and other taxes

-

790

Pension liability

-

171

Shareholders loan

2,990

10,500

Directors' current accounts

506

78

Accrued expenses

1,746

1,590

19,728

22,566

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

25,748

37,641

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

8,882

8,882

Amounts falling due between one and two years:

Bank loans - 1-2 years

8,882

8,882

Amounts falling due between two and five years:

Bank loans - 2-5 years

16,866

28,759

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

8,664

8,664

Deferred

tax

£

Balance at 1 April 2024

8,664

Balance at 31 March 2025

8,664

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Retained

earnings

£

At 1 April 2024

671

Profit for the year

33,810

Dividends

(26,000

)

At 31 March 2025

8,481

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Thompson.