HGH WEALTH MANAGEMENT LIMITED

HGH WEALTH MANAGEMENT LIMITED - Company Information

2021-04-012022-03-312022-03-31false03203520HGH WEALTH MANAGEMENT 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Registered Number
03203520
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

HGH WEALTH MANAGEMENT LIMITED

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	ATKINSON, Nigel Peter
	EVERARD, Nigel Conrad
	GARDNER, Nicholas Edwin
	GREWER, Mark Russell
	LAWSON, Nicholas Heslin


Registered Address	Club Chambers Museum Street
	York
	YO1 7DN


Registered Number	03203520 (England and Wales)

HGH WEALTH MANAGEMENT LIMITED

Statement of Financial Position
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		1,658		1,261
			1,658		1,261
Current assets
Debtors	6	31,913		17,533
Cash at bank and on hand		33,450		37,986
		65,363		55,519
Creditors amounts falling due within one year	7	(21,679)		(15,843)
Net current assets (liabilities)			43,684		39,676
Total assets less current liabilities			45,342		40,937
Net assets			45,342		40,937
Capital and reserves
Called up share capital			1,100		1,100
Profit and loss account			44,242		39,837
Shareholders' funds			45,342		40,937

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 25 November 2022, and are signed on its behalf by:

ATKINSON, Nigel Peter
Director
Registered Company No. 03203520

HGH WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements
for the year ended 31 March 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	4		4

5.	Property, plant and equipment

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 April 21	4,402	4,402
Additions	1,159	1,159
At 31 March 22	5,561	5,561
Depreciation and impairment
At 01 April 21	3,141	3,141
Charge for year	762	762
At 31 March 22	3,903	3,903
Net book value
At 31 March 22	1,658	1,658
At 31 March 21	1,261	1,261

6.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	31,791	17,053
Other debtors	-	480
Prepayments and accrued income	122	-
Total	31,913	17,533


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	979	-
Taxation and social security	12,163	12,830
Other creditors	3	579
Accrued liabilities and deferred income	8,534	2,434
Total	21,679	15,843


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.