REGISTERED NUMBER: 07109189 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2023 to 30 September 2024

for

Ifs Wealth Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Blackie

J G Blackie

SECRETARY:

REGISTERED OFFICE:

Po Box 4385

07109189 - Companies House Default Addre

Cardiff

CF14 8LH

REGISTERED NUMBER:

07109189 (England and Wales)

ACCOUNTANTS:

Renwick Accountancy Services Ltd

357 Old Durham Road

Gateshead

Tyne and Wear

NE9 5LA

FIXED ASSETS

Intangible assets

4

82,776

85,867

Tangible assets

5

1,712

2,564

84,488

88,431

CURRENT ASSETS

Debtors

6

12,522

18,522

Cash at bank and in hand

2,191

6,434

14,713

24,956

CREDITORS

Amounts falling due within one year

7

174,158

146,117

NET CURRENT LIABILITIES

(159,445

)

(121,161

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,957

)

(32,730

)

CREDITORS

Amounts falling due after more than one year

8

17,968

37,462

NET LIABILITIES

(92,925

)

(70,192

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(92,927

)

(70,194

)

SHAREHOLDERS' FUNDS

(92,925

)

(70,192

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 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 23 October 2026 and were signed on its behalf by:

J G Blackie - Director

1.	STATUTORY INFORMATION

Ifs 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2023

224,000

Additions

52,136

At 30 September 2024

276,136

AMORTISATION

At 1 April 2023

138,133

Charge for period

55,227

At 30 September 2024

193,360

NET BOOK VALUE

At 30 September 2024

82,776

At 31 March 2023

85,867

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2023

and 30 September 2024

18,258

DEPRECIATION

At 1 April 2023

15,694

Charge for period

852

At 30 September 2024

16,546

NET BOOK VALUE

At 30 September 2024

1,712

At 31 March 2023

2,564

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

31.3.23

£

£

Trade debtors

3,000

-

Other debtors

9,522

18,522

12,522

18,522

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

31.3.23

£

£

Bank loans and overdrafts

16,574

16,009

Trade creditors

(1

)

(1

)

Taxation and social security

-

5,462

Other creditors

157,585

124,647

174,158

146,117

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

31.3.23

£

£

Bank loans

17,968

37,462