Cowgills Wealth (Yorkshire) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06766291 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2019

for

Cowgills Wealth (Yorkshire) Limited

Previously known as

Jacobs Financial Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

C Harrington

M S Bromley

REGISTERED OFFICE:

Cowgills Wealth

Regency House, 45-53 Chorley New Road

Bolton

Lancashire

BL1 4QR

REGISTERED NUMBER:

06766291 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

4

2,503

2,591

CURRENT ASSETS

Debtors

5

602,008

420,533

Cash at bank

184,332

116,104

786,340

536,637

CREDITORS

Amounts falling due within one year

6

186,365

71,540

NET CURRENT ASSETS

599,975

465,097

TOTAL ASSETS LESS CURRENT LIABILITIES

602,478

467,688

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

602,477

467,687

SHAREHOLDERS' FUNDS

602,478

467,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 31 January 2020 and were signed on its behalf by:

C Harrington - Director

1.	STATUTORY INFORMATION

Cowgills Wealth (Yorkshire) 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 represents the amounts received or receivable for goods and services provided to customers, excluding

VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on cost

Taxation

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

Retained Earnings, 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 statement of financial position date.

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 year was 8 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 June 2018

11,471

88,912

100,383

Additions

-

1,676

1,676

Disposals

(11,471

)

(74,715

)

(86,186

)

At 31 May 2019

-

15,873

15,873

DEPRECIATION

At 1 June 2018

11,471

86,321

97,792

Charge for year

-

1,764

1,764

Eliminated on disposal

(11,471

)

(74,715

)

(86,186

)

At 31 May 2019

-

13,370

13,370

NET BOOK VALUE

At 31 May 2019

-

2,503

2,503

At 31 May 2018

-

2,591

2,591

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

13,700

6,050

Amounts owed by group undertakings

573,805

402,529

Prepayments

14,503

11,954

602,008

420,533

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

12,870

8,932

Tax

32,548

46,666

Social security and other taxes

8,326

8,396

Other creditors

7,579

-

Pensions Control

1,829

3,365

Directors' current accounts

-

128

Amounts owed to group undertakings

99,136

-

Accrued expenses

24,077

4,053

186,365

71,540

7.	SECURED DEBTS

The company has no secured debts.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

31.5.18

value:

£

£

1

Ordinary

£1

1

1

9.	RELATED PARTY DISCLOSURES

During the year the company was charged £65,000 (2018 - £65,000) for a licence to utilise the goodwill of .

Cowgills Wealth (Yorkshire) Group Limited. At the year end Cowgills Wealth (Yorkshire) Group Limited was

owed £99,136 (2018 - £NIL) from the company. At the year end Regency House Wealth Management Group

Limited owed £573,805 (2018 £402,529) to the company.

C Harrington owns 14.3% shares in Regency House Wealth Management Group Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Cowgills Wealth (Yorkshire) Limited for the year ended 31 May 2019 which comprise the

Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cowgills Wealth (Yorkshire) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cowgills Wealth (Yorkshire) Limited and state those matters that we have agreed to state to the Board of Directors of Cowgills Wealth (Yorkshire) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cowgills Wealth (Yorkshire) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cowgills Wealth (Yorkshire) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cowgills Wealth (Yorkshire) Limited. You consider that Cowgills Wealth (Yorkshire) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cowgills Wealth (Yorkshire) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

31 January 2020