Rhodes Wealth Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07220984 (England and Wales)

Unaudited Financial Statements

for the Year Ended 27 September 2025

for

Rhodes Wealth Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Rhodes

Ms L R Rhodes

G S Lall

T Webster

REGISTERED OFFICE:

Express Works

Luke Lane

Brailsford

Ashbourne

Derbyshire

DE6 3BY

REGISTERED NUMBER:

07220984 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Intangible assets

4

-

4,600,526

Property, plant and equipment

5

-

109,811

-

4,710,337

CURRENT ASSETS

Debtors

6

-

884,367

Prepayments and accrued income

-

10,252

Cash at bank and in hand

-

458,908

-

1,353,527

CREDITORS

Amounts falling due within one year

7

-

657,102

NET CURRENT ASSETS

-

696,425

TOTAL ASSETS LESS CURRENT
LIABILITIES

-

5,406,762

CREDITORS

Amounts falling due after more than
one year

8

-

(1,879,758

)

PROVISIONS FOR LIABILITIES

-

(17,650

)

ACCRUALS AND DEFERRED INCOME

-

(170,952

)

NET ASSETS

-

3,338,402

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

(100

)

3,338,302

SHAREHOLDERS' FUNDS

-

3,338,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

A R Rhodes - Director

1.	STATUTORY INFORMATION

Rhodes Wealth Management 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

Credit is taken for commission on an earned basis.

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 amortised over its useful life which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Goodwill is being amortised evenly over its estimated life of 20 years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% 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.

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.

Listed investments

Listed investments are valued at market value with revaluation surplus /deficit taken to the profit and loss along with any profit/loss on sale

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 22 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 28 September 2024

6,432,995

Disposals

(6,432,995

)

At 27 September 2025

-

AMORTISATION

At 28 September 2024

1,832,469

Eliminated on disposal

(1,832,469

)

At 27 September 2025

-

NET BOOK VALUE

At 27 September 2025

-

At 27 September 2024

4,600,526

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 28 September 2024

339,353

Disposals

(339,353

)

At 27 September 2025

-

DEPRECIATION

At 28 September 2024

229,542

Eliminated on disposal

(229,542

)

At 27 September 2025

-

NET BOOK VALUE

At 27 September 2025

-

At 27 September 2024

109,811

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

-

248,133

Other debtors

-

186,234

-

434,367

Amounts falling due after more than one year:

Other debtors

-

450,000

Aggregate amounts

-

884,367

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

-

343,132

Other creditors

-

313,970

-

657,102

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Other creditors

-

1,879,758

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

680,443

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Other creditors

-

2,121,020

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

10,000

Ordinary

£0.01

100

11.	CAPITAL COMMITMENTS

2025

2024

£

Contracted but not provided for in the

financial statements

-

10,512

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 27 September 2025 and the period ended 27 September 2024:

2025

2024

£

A R Rhodes and Ms L R Rhodes

Balance outstanding at start of year

186,234

48,801

Amounts advanced

-

186,234

Amounts repaid

(186,234

)

(48,801

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

186,234

£133k of the Directors loans was repaid on 23rd December 2024 and the balance on 17th February 2025.