St Pauls Wealth Management Limited - Accounts to registrar (filleted) - small 18.2

St Pauls Wealth Management Limited - Accounts to registrar (filleted) - small 18.2

ST PAULS WEALTH MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 05555670 (England and Wales)











ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

ST PAULS WEALTH MANAGEMENT LIMITED
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ST PAULS WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTORS: P S Walker
R C Price





REGISTERED OFFICE: Brunswick House
Birmingham Road
Redditch
Worcestershire
B97 6DY





REGISTERED NUMBER: 05555670 (England and Wales)





ACCOUNTANTS: Burman & Co
Brunswick House
Birmingham Road
Redditch
Worcestershire
B97 6DY
Page 1
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,528 3,126
Investments 6 1,000 50,000
5,528 53,126

CURRENT ASSETS
Debtors 24,393 17,680
Cash at bank and in hand 346,541 269,559
370,934 287,239
CREDITORS
Amounts falling due within one year 45,593 34,514
NET CURRENT ASSETS 325,341 252,725
TOTAL ASSETS LESS CURRENT
LIABILITIES
330,869
305,851

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 329,869 304,851
SHAREHOLDERS' FUNDS 330,869 305,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 notes form part of these financial statements

Page 2 continued...
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 20 June 2019 and were signed on its
behalf by:





R C Price - Director


The notes form part of these financial statements

Page 3
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

St Pauls 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 as modified by the revaluation of certain assets.

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, being the amounts paid in connection with the acquisition of businesses in 2006 and 2007,
is being amortised evenly over its estimated useful life of five and four years accordingly.

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.

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 - Straight line over 3/5 years

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


Page 4 continued...
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

2. ACCOUNTING POLICIES - continued
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.

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 year was 5 (2017 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2017
and 30 September 2018 61,414
AMORTISATION
At 1 October 2017
and 30 September 2018 61,414
NET BOOK VALUE

At 30 September 2018 -
At 30 September 2017 -

Page 5 continued...
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2017 11,957
Additions 3,815
Disposals (8,086 )
At 30 September 2018 7,686
DEPRECIATION
At 1 October 2017 8,831
Charge for year 2,413
Eliminated on disposal (8,086 )
At 30 September 2018 3,158
NET BOOK VALUE
At 30 September 2018 4,528
At 30 September 2017 3,126

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 October 2017 50,000
Revaluations (49,000 )
At 30 September 2018 1,000
NET BOOK VALUE
At 30 September 2018 1,000
At 30 September 2017 50,000

Cost or valuation at 30 September 2018 is represented by:
Totals
£   
Valuation in 2018 (49,000 )
Cost 50,000
1,000

Page 6 continued...
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

7. RELATED PARTY DISCLOSURES

During the year, dividends of £63,000 were paid to P S Walker, a director of the company.

During the year, dividends of £10,500 were paid to R C Price, a director of the company.

During the year, rent of £3,300 (2017 : £3,300) was paid to R C Price, a director.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by P S Walker by virtue of his shareholding.

Page 7