Company registration number 07500122 (England and Wales)
Darien Williams Wealth Management Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Pages For Filing With Registrar
Darien Williams Wealth Management Ltd
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
Darien Williams Wealth Management Ltd
Balance Sheet
As At 31 July 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
236,192
127,926
Tangible assets
5
10,029
13,470
246,221
141,396
Current assets
Debtors
6
30,584
30,447
Cash at bank and in hand
5,916
889
36,500
31,336
Creditors: amounts falling due within one year
7
(115,024)
(109,848)
Net current liabilities
(78,524)
(78,512)
Total assets less current liabilities
167,697
62,884
Creditors: amounts falling due after more than one year
8
(135,934)
(20,159)
Net assets
31,763
42,725
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
31,663
42,625
Total equity
31,763
42,725
Darien Williams Wealth Management Ltd
Balance Sheet (Continued)
As At 31 July 2025
Page 2

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 19 February 2026
Mr D J Williams
Director
Company registration number 07500122 (England and Wales)
Darien Williams Wealth Management Ltd
Notes To The Financial Statements
For The Year Ended 31 July 2025
Page 3
1
Accounting policies
Company information

Darien Williams Wealth Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20-22 Wenlock Road, London, N1 7GU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Sale of Services

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of Services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 15 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Darien Williams Wealth Management Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 July 2025
1
Accounting policies
(Continued)
Page 4
1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Intangibles
10 year straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% on cost
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Darien Williams Wealth Management Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 July 2025
1
Accounting policies
(Continued)
Page 5
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Darien Williams Wealth Management Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 July 2025
1
Accounting policies
(Continued)
Page 6
Deferred tax

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
61,244
58,526
Darien Williams Wealth Management Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 July 2025
Page 7
4
Intangible fixed assets
Goodwill
Intangibles
Total
£
£
£
Cost
At 1 August 2024
463,000
93,373
556,373
Additions
-
0
157,534
157,534
At 31 July 2025
463,000
250,907
713,907
Amortisation and impairment
At 1 August 2024
403,841
24,606
428,447
Amortisation charged for the year
30,867
18,401
49,268
At 31 July 2025
434,708
43,007
477,715
Carrying amount
At 31 July 2025
28,292
207,900
236,192
At 31 July 2024
59,159
68,767
127,926
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024 and 31 July 2025
63,746
Depreciation and impairment
At 1 August 2024
50,276
Depreciation charged in the year
3,441
At 31 July 2025
53,717
Carrying amount
At 31 July 2025
10,029
At 31 July 2024
13,470
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
29,450
30,411
Other debtors
1,134
36
30,584
30,447
Darien Williams Wealth Management Ltd
Notes To The Financial Statements (Continued)
For The Year Ended 31 July 2025
Page 8
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
14,627
12,462
Trade creditors
619
-
0
Corporation tax
66,610
67,334
Other creditors
33,168
30,052
115,024
109,848
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
135,934
20,159
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchase of services
2025
2024
£
£
Other related parties
21,162
-
10
Directors' transactions

Dividends totalling £78,774 (2024 - £102,100) were paid in the year in respect of shares held by the company's directors.

An interest free loan has been granted by the director to the company as follows:

Loans
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Mr D J Williams -
-
10
(7)
3
10
(7)
3
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