Chamberlain Wealth Management Ltd

Chamberlain Wealth Management Ltd
Statement of Financial Position
As at 31 May 2026

	2026		2025
	£	£	£	£
Fixed assets		360,096		404,320
Current assets	338,124		303,252
Prepayments and accrued income	27,862		27,040
Creditors: amount falling due within one year	111,783		152,552
Net current assets		477,769		482,844
Total assets less current liabilities		837,865		887,164
Creditors: amount falling due after more than one year		(47,024)		(53,705)
Provisions for liabilities		(1,306)		(1,748)
Net assets		789,535		831,711


Capital and reserves		789,535		831,711

NOTES TO THE ACCOUNTS

General Information

Chamberlain Wealth Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 05811964, registration address The Dairy Barn, Mile Oak Farm, B78 3DQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Long Leasehold Property	20 Reducing Balance
Motor Vehicles	25 Reducing Balance
Fixtures and Fittings	25 Reducing Balance
Computer Equipment	25 Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 June 2025	400,000	400,000
Additions	-	-
Disposals	-	-
At 31 May 2026	400,000	400,000
Amortisation
At 01 June 2025	260,000	260,000
Charge for year	20,000	20,000
On disposals	-	-
At 31 May 2026	280,000	280,000
Net book values
At 31 May 2026	120,000	120,000
At 31 May 2025	140,000	140,000

Tangible fixed assets

Cost or valuation	Long Leasehold Property	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 June 2025	133,821	147,466	13,950	30,570	325,807
Additions	-	-	3,188	7,734	10,922
Disposals	-	-	-	-	-
At 31 May 2026	133,821	147,466	17,138	38,304	336,729
Depreciation
At 01 June 2025	5,007	28,472	9,418	18,590	61,487
Charge for year	29	29,749	1,443	3,925	35,146
On disposals	-	-	-	-	-
At 31 May 2026	5,036	58,221	10,861	22,515	96,633
Net book values
Closing balance as at 31 May 2026	128,785	89,245	6,277	15,789	240,096
Opening balance as at 01 June 2025	128,814	118,994	4,532	11,980	264,320

4.	Average number of employees Average number of employees during the year was 10 (2025 : 10).

Advances and Credits

Directors Loan Accounts

Current year (2026)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Directors Loan Accounts	(1,448)		271,934		0		265,626		0		0		4,860
	(1,448)		271,934		0		265,626		0		0		4,860

Previous year (2025)

	Brought Forward £		Amount £		Interest £		Repaid £		Written Off £		Waived £		Carry Forward £
Directors Loan Accounts	(1,469)		247,792		0		247,771		0		0		(1,448)
	(1,469)		247,792		0		247,771		0		0		(1,448)

For the year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 25 September 2026 and were signed on its behalf by:

--------------------------------
Robert Pryjmachuk
Director