Pemberton & Prince Wealth Management Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08273439 (England and Wales)

PEMBERTON & PRINCE WEALTH MANAGEMENT LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J A Pemberton

SECRETARY:

J Youngs

REGISTERED OFFICE:

2 The Sidings

Station Road

Shepreth

Hertfordshire

SG8 6PZ

REGISTERED NUMBER:

08273439 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Intangible assets

2

350,612

363,500

Tangible assets

3

6,164

-

356,776

363,500

CURRENT ASSETS

Debtors

26,353

32,789

Cash at bank and in hand

39,777

7,283

66,130

40,072

CREDITORS

Amounts falling due within one year

65,524

403,237

NET CURRENT ASSETS/(LIABILITIES)

606

(363,165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

357,382

335

CREDITORS

Amounts falling due after more than one year

4

340,387

-

NET ASSETS

16,995

335

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

16,994

334

SHAREHOLDERS' FUNDS

16,995

335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 September 2015 and were signed by:

J A Pemberton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Puchased goodwill is being amortised over a ten year period.

Tangible fixed assets

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

Taxation

The charge for taxation is based on the result for the period and takes into account deferred taxation. Provision

is made for material deferred taxation, in respect of all timing differences that have originated but not reversed at

the balance sheet date. Deferred tax assets are recognised only to the extent that the Directors consider it is more

likely than not, that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

372,820

Additions

6,217

At 31 December 2014

379,037

AMORTISATION

At 1 January 2014

9,320

Amortisation for year

19,105

At 31 December 2014

28,425

NET BOOK VALUE

At 31 December 2014

350,612

At 31 December 2013

363,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

7,705

At 31 December 2014

7,705

DEPRECIATION

Charge for year

1,541

At 31 December 2014

1,541

NET BOOK VALUE

At 31 December 2014

6,164

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31/12/14

31/12/13

£

£

Repayable by instalments

201,259

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/14

31/12/13

value:

£

£

1

Ordinary shares

£1

1

1