Sean Downs Wealth Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13933721

Sean Downs Wealth Management Limited

Filleted Unaudited Financial Statements

17 October 2025

Sean Downs Wealth Management Limited

Financial Statements

Period to cessation from 1 April 2025 to 17 October 2025

Contents	Pages

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Balance sheet	2 to 3

Notes to the financial statements	4 to 8

Sean Downs Wealth Management Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Sean Downs Wealth Management Limited

Period to cessation from 1 April 2025 to 17 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sean Downs Wealth Management Limited for the period to cessation ended 17 October 2025, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Sean Downs Wealth Management Limited in accordance with the terms of our engagement letter dated 19 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Sean Downs Wealth Management Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sean Downs Wealth Management Limited and its director for our work or for this report.

It is your duty to ensure that Sean Downs Wealth Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sean Downs Wealth Management Limited. You consider that Sean Downs Wealth Management Limited is exempt from the statutory audit requirement for the period to cessation. We have not been instructed to carry out an audit or a review of the financial statements of Sean Downs Wealth Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MILLER DAVIES LLP Chartered Accountants

A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN

28 July 2026

Sean Downs Wealth Management Limited

Balance Sheet

17 October 2025

	17 Oct 25	31 Mar 25
Note	£	£

Fixed assets

Intangible assets	5	–	3,087,383
Tangible assets	6	–	3,822
		----	------------
		–	3,091,205

Current assets

Debtors	7	54,448	157,084
Cash at bank and in hand		–	87,258
		--------	---------
		54,448	244,342

Creditors: amounts falling due within one year	8	54,248	588,124
		--------	---------
Net current assets/(liabilities)		200	( 343,782)
		----	------------
Total assets less current liabilities		200	2,747,423

Creditors: amounts falling due after more than one year	9	–	1,779,548
		----	------------
Net assets		200	967,875
		----	------------

Capital and reserves

Called up share capital	200	200
Profit and loss account	–	967,675
	----	---------
Shareholders funds	200	967,875
	----	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the period to cessation ending 17 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period to cessation in question in accordance with section 476 ;

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

Sean Downs Wealth Management Limited

Balance Sheet (continued)

17 October 2025

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

Mr S Downs
Director

Company registration number: 13933721

Sean Downs Wealth Management Limited

Notes to the Financial Statements

Period to cessation from 1 April 2025 to 17 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mereworth Business Centre, Danns Lane, Wateringbury, Kent, ME18 5LW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a basis other than going concern because the trade, assets and liabilities have been transferred to the parent company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

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 entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period to cessation amounted to 14 (2025: 16 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025	4,410,547
Additions	6,000
Disposals of previously acquired businesses	( 4,416,547)
	------------
At 17 October 2025	–
	------------
Amortisation
At 1 April 2025	1,323,164
Charge for the period to cessation	220,562
Disposals of previously acquired businesses	( 1,543,726)
	------------
At 17 October 2025	–
	------------
Carrying amount
At 17 October 2025	–
	------------
At 31 March 2025	3,087,383
	------------

6. Tangible assets

	Office equipment
	£
Cost
At 1 April 2025	50,195
Additions	3,203
Disposals	( 53,398)
	--------
At 17 October 2025	–
	--------
Depreciation
At 1 April 2025	46,373
Charge for the period to cessation	1,631
Disposals	( 48,004)
	--------
At 17 October 2025	–
	--------
Carrying amount
At 17 October 2025	–
	--------
At 31 March 2025	3,822
	--------

7. Debtors

	17 Oct 25	31 Mar 25
	£	£
Trade debtors	–	114,644
Amounts owed by group undertakings and undertakings in which the company has a participating interest	54,448	–
Other debtors	–	42,440
	--------	---------
	54,448	157,084
	--------	---------

8. Creditors: amounts falling due within one year

	17 Oct 25	31 Mar 25
	£	£
Bank loans and overdrafts	–	329,124
Corporation tax	54,248	102,485
Social security and other taxes	–	48,089
Other creditors	–	108,426
	--------	---------
	54,248	588,124
	--------	---------

9. Creditors: amounts falling due after more than one year

	17 Oct 25	31 Mar 25
	£	£
Bank loans and overdrafts	–	1,779,548
	----	------------

10. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	17 Oct 25	31 Mar 25
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	54,448	223,968
	--------	---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	200	2,192,840
	----	------------

11. Director's advances, credits and guarantees

During the period to cessation the director entered into the following advances and credits with the company:

	17 Oct 25
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr S Downs	( 5,300)	5,300	–
	-------	-------	----

	31 Mar 25
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr S Downs	( 20,538)	15,238	( 5,300)
	--------	--------	-------

12. Related party transactions

Subsequent to the period end SDWM25 Limited acquired all of the assets and liabilities of the company. At the period end the company was owed £54,448, equivalent to the Corporation Tax for the company and its share capital. A dividend of £906,635 was declared to SDWM25 Limited as part of the hive up.

13. Controlling party

Subsequent to the period end SDWM25 Limited purchased the entire share capital of Sean Downs Wealth Management Limited to become the parent company. Both companies are incorporated in England and Wales.