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

REGISTERED NUMBER: 05555670 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

ST PAULS WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P S Walker

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

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,364

819

Investments

6

1,000

1,000

2,364

1,819

CURRENT ASSETS

Debtors

7,843

6,223

Cash at bank and in hand

661,180

531,878

669,023

538,101

CREDITORS

Amounts falling due within one year

40,761

42,575

NET CURRENT ASSETS

628,262

495,526

TOTAL ASSETS LESS CURRENT LIABILITIES

630,626

497,345

PROVISIONS FOR LIABILITIES

202

-

NET ASSETS

630,424

497,345

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

629,424

496,345

SHAREHOLDERS' FUNDS

630,424

497,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2021 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 director and authorised for issue on 24 June 2022 and were signed by:

P S Walker - Director

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

Investments in subsidiaries

Investment in subsidiary undertaking is recognised at fair value.

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.

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 2 (2020 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2020

and 30 September 2021

61,414

AMORTISATION

At 1 October 2020

and 30 September 2021

61,414

NET BOOK VALUE

At 30 September 2021

-

At 30 September 2020

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2020

1,968

Additions

1,161

At 30 September 2021

3,129

DEPRECIATION

At 1 October 2020

1,149

Charge for year

616

At 30 September 2021

1,765

NET BOOK VALUE

At 30 September 2021

1,364

At 30 September 2020

819

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 October 2020

and 30 September 2021

1,000

NET BOOK VALUE

At 30 September 2021

1,000

At 30 September 2020

1,000

Cost or valuation at 30 September 2021 is represented by:

Totals

£

Valuation in 2018

(49,000

)

Cost

50,000

1,000

7.	ULTIMATE CONTROLLING PARTY