Jennings Wealth Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07404854 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

JENNINGS WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Jennings

SECRETARY:

S J Jennings

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

07404854 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Intangible assets

4

7,500

-

Tangible assets

5

22,873

31,682

30,373

31,682

CURRENT ASSETS

Stocks

3,000

Debtors

6

326,103

365,641

Cash at bank

44,761

20,420

373,864

389,061

CREDITORS

Amounts falling due within one year

7

43,714

59,511

NET CURRENT ASSETS

330,150

329,550

TOTAL ASSETS LESS CURRENT
LIABILITIES

360,523

361,232

PROVISIONS FOR LIABILITIES

5,311

7,010

NET ASSETS

355,212

354,222

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

355,112

354,122

SHAREHOLDERS' FUNDS

355,212

354,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th July 2026 and were signed by:

S J Jennings - Director

1.	STATUTORY INFORMATION

Jennings 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill was capitalised in 2011 and was originally amortised over its useful life of 20 years. The director now considers that the remaining goodwill should be amortised over its useful life of 5 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments

Listed current asset investments are measured at fair value through the profit and loss. The fair value at the year end is nil due to all investments being sold in the year.

Investment income comprises dividends declared during the accounting period and interest received on investments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1st April 2025

100,000

-

100,000

Additions

-

7,500

At 31st March 2026

100,000

7,500

107,500

AMORTISATION

At 1st April 2025

and 31st March 2026

100,000

-

100,000

NET BOOK VALUE

At 31st March 2026

-

7,500

At 31st March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

69,513

Additions

839

Disposals

(3,792

)

At 31st March 2026

66,560

DEPRECIATION

At 1st April 2025

37,831

Charge for year

9,648

Eliminated on disposal

(3,792

)

At 31st March 2026

43,687

NET BOOK VALUE

At 31st March 2026

22,873

At 31st March 2025

31,682

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other debtors

326,103

365,641

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation and social security

41,614

56,961

Other creditors

2,100

2,550

43,714

59,511

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors at the year end is a director's loan of £82,736. The loan is repayable on demand and Interest of 3.75% has been charged on the loan during the year.

9.	RELATED PARTY DISCLOSURES

During the year Jennings Wealth Management Limited loaned Jennings Asset Management Limited, a related party, an additional £6,545. The loan is repayable on demand and the amount outstanding at the year end and included in debtors is £237,565.