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Company Registration No. 06036764 (England and Wales)
ABSOLUTE WEALTH MANAGEMENT LTD Unaudited accounts for the year ended 31 March 2025
ABSOLUTE WEALTH MANAGEMENT LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ABSOLUTE WEALTH MANAGEMENT LTD Company Information for the year ended 31 March 2025
Directors
SIMON HARNAMAN PETER McBRIDE EMMA McBRIDE
Secretary
ELIZABETH DUPE
Company Number
06036764 (England and Wales)
Registered Office
41 NORTH VIEW, GROUND FLOOR WESTBURY PARK BRISTOL BS6 7PY
Accountants
VIRTUAL BUSINESS ACCOUNTING 10 RIDGEWAY ROAD LONG ASHTON BRISTOL SOMERSET BS41 9EU
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ABSOLUTE WEALTH MANAGEMENT LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,635 
2,443 
Current assets
Debtors
5
103,117 
106,646 
Cash at bank and in hand
47,153 
19,805 
150,270 
126,451 
Creditors: amounts falling due within one year
6
(122,810)
(92,707)
Net current assets
27,460 
33,744 
Total assets less current liabilities
29,095 
36,187 
Creditors: amounts falling due after more than one year
7
(5,013)
(16,018)
Net assets
24,082 
20,169 
Capital and reserves
Called up share capital
40 
40 
Profit and loss account
24,042 
20,129 
Shareholders' funds
24,082 
20,169 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by
SIMON HARNAMAN Director Company Registration No. 06036764
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ABSOLUTE WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
ABSOLUTE WEALTH MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 06036764. The registered office is 41 NORTH VIEW, GROUND FLOOR, WESTBURY PARK, BRISTOL, BS6 7PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33 1/3 % on a straight line basis
Computer equipment
33 1/3 % on a straight line basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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ABSOLUTE WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
2,270 
12,709 
14,979 
At 31 March 2025
2,270 
12,709 
14,979 
Depreciation
At 1 April 2024
2,135 
10,401 
12,536 
Charge for the year
68 
740 
808 
At 31 March 2025
2,203 
11,141 
13,344 
Net book value
At 31 March 2025
67 
1,568 
1,635 
At 31 March 2024
135 
2,308 
2,443 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
400 
Accrued income and prepayments
9,688 
9,361 
Other debtors
93,429 
96,885 
103,117 
106,646 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
Trade creditors
9,354 
7,221 
Taxes and social security
101,008 
73,038 
Accruals
1,800 
1,800 
122,810 
92,707 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
5,013 
16,018 
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ABSOLUTE WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2025
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
SIMON HARNAMAN
Loan to S Harnaman
13,019 
4,237 
7,337 
9,919 
Loan to E Dupe
13,019 
4,237 
7,337 
9,919 
PETER McBRIDE
Loan to P McBride
9,969 
316 
931 
9,354 
EMMA McBRIDE
Loan to E McBride
9,969 
316 
931 
9,354 
45,976 
9,106 
16,536 
38,546 
The above advances and credits to directors and close family members were effected during the period.
9
Transactions with related parties
In the year ended 31st March 2022, the Company transferred its investment portfolio to a related party, S and P Holdings (Bristol) Limited, a close investment company (CIC) with common shareholders to Absolute Wealth Management Limited. Following a partial withdrawal of funds in February 2024, the net balance outstanding as at 31st March 2025 was £39,677 and this amount is disclosed within Other debtors (2024: £38,777). In addition, the property occupied by Absolute Wealth Management Limited is owned by the trustees of a commercial Self Invested Pension Plan, which is under the beneficial ownership of one of the Company's directors and shareholders, Simon Harnaman. The Company paid a commercial rate of rent to the trustees of £10,000 (2024: £10,000).
10
Post balance sheet events
In October 2025, the investment portfolio held by S and P (Holdings) Bristol Ltd was transferred back to Absolute Wealth Management Limited in settlement of the intercompany loan.
11
Average number of employees
During the year the average number of employees was 6 (2024: 7).
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