UNIQUE_WEALTH_MANAGEMENT_ - Accounts

UNIQUE WEALTH MANAGEMENT LIMITED - Company Information

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Company Registration No. 08088482 (England and Wales)

UNIQUE WEALTH MANAGEMENT LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

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 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

9,733

6,284

Current assets

Debtors

15,310

55,857

Cash at bank and in hand

21,710

13,614

37,020

69,471

Creditors: amounts falling due within one year

(7,759)

(7,734)

Net current assets

29,261

61,737

Total assets less current liabilities

38,994

68,021

Creditors: amounts falling due after more than one year

(35,000)

Provisions for liabilities

(1,947)

(1,257)

37,047

31,764

Capital and reserves

Called up share capital

Profit and loss account

37,044

31,761

Shareholders' funds

37,047

31,764

For the financial year ended 31 July 2015 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 28 April 2016

B Chippendale

Director

Company Registration No. 08088482

UNIQUE WEALTH MANAGEMENT LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 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).

Going concern

The company meets its day to day working capital requirements through financial support from its directors.

The directors continue to monitor the financial position of the company, taking into account the company's available facilities. The directors have committed their continued support of the company for the next 12 months.

On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the loan from the directors.

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

UNIQUE WEALTH MANAGEMENT LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2014

8,411

Additions

5,984

At 31 July 2015

14,395

Depreciation

At 1 August 2014

2,127

Charge for the year

2,535

At 31 July 2015

4,662

Net book value

At 31 July 2015

9,733

At 31 July 2014

6,284

Share capital

2015

2014

Allotted, called up and fully paid

3 Ordinary of £1 each

Transactions with directors

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

£264,633 (2014:£249,843) to L H Financial Planning Limited of which L Hughes is a director

£52,669 to L Hughes

£72,920 (2014:£107,504) 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 £87,885 (2014: £85,365).

During the year £91,393 (2014: £nil) commission was received from Unique Wealth Limited, of which R Leeson, B Chippendale and L Hughes are directors.

Included within other creditors is £160 (2014: Other debtors £55,617) owed by the company to the director L Hughes and £567 (2014: £167) owed to the director R Leeson and £167 (2014: £167) owed to the director B Chippendale.

During the year, Unique Wealth Management Limited paid accountancy bills on behalf of Unique Wealth Limited of £117. The balance owed to Unique Wealth Management Limited at the year end was £355 (2014: £237), included in debtors.