UNIQUE_WEALTH_MANAGEMENT_ - Accounts

UNIQUE WEALTH MANAGEMENT LIMITED - Company Information

Print Friendly Version

Company Registration No. 08088482 (England and Wales)

UNIQUE WEALTH MANAGEMENT LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

UNIQUE WEALTH MANAGEMENT LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

UNIQUE WEALTH MANAGEMENT LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

6,284

5,770

Current assets

Debtors

55,857

Cash at bank and in hand

13,614

78,589

69,471

78,592

Creditors: amounts falling due within one year

(7,734)

(34,337)

Net current assets

61,737

44,255

Total assets less current liabilities

68,021

50,025

Creditors: amounts falling due after more than one year

(35,000)

Provisions for liabilities

(1,257)

(1,154)

31,764

13,871

Capital and reserves

Called up share capital

Profit and loss account

31,761

13,868

Shareholders' funds

31,764

13,871

For the financial year ended 31 July 2014 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 financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 March 2015

B Chippendale

Director

Company Registration No. 08088482

UNIQUE WEALTH MANAGEMENT LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 August 2013

6,788

Additions

1,623

At 31 July 2014

8,411

Depreciation

At 1 August 2013

1,018

Charge for the year

1,109

At 31 July 2014

2,127

Net book value

At 31 July 2014

6,284

At 31 July 2013

5,770

Share capital

2014

2013

Allotted, called up and fully paid

3 Ordinary of £1 each

UNIQUE WEALTH MANAGEMENT LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

Transactions with directors

During the period amounts were paid to the following companies in respect of commissions:

£249,843 (2013:£267,217) to L H Financial Planning Limited of which L Hughes is a director

£107,504 (2013:£88,866) to R L Financial Planning Limited of which R Leeson is a director.

Payments were also made to the director B Chippendale in respect of commissions totalling £85,365 (2013: £73,820).

Included within other debtors is £55,617 (2013: £nil) owed to the company by the director L Hughes, this amount is interest free and will be repaid within nine months of the year end.

Included within other creditors is £167 (2013: £nil) owed to the director R Leeson and £167 (2013: £167) owed to the director B Chippendale.