WEALTH_SOLUTIONS_(UK)_LIM - Accounts

WEALTH SOLUTIONS (UK) LTD - Company Information

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Company Registration No. 06458184 (England and Wales)

WEALTH SOLUTIONS (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

WEALTH SOLUTIONS (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

WEALTH SOLUTIONS (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

88,812

133,218

Tangible assets

5,381

Investments

1,010,009

1,104,202

133,218

Current assets

Debtors

5,341

4,833

Cash at bank and in hand

324,699

476,407

330,040

481,240

Creditors: amounts falling due within one year

(493,969)

(234,773)

Net current liabilities/(assets)

(163,929)

246,467

Total assets less current liabilities

940,273

379,685

Creditors: amounts falling due after more than one year

(503,333)

Provisions for liabilities

(1,076)

435,864

379,685

Capital and reserves

Called up share capital

100

160

Profit and loss account

435,764

379,525

Shareholders' funds

435,864

379,685

WEALTH SOLUTIONS (UK) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 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 5 December 2016

S M Redhead

Director

Company Registration No. 06458184

WEALTH SOLUTIONS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

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 January 2015).

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 commissions receivable which are exempt from VAT.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Computer equipment

33.3% straight line

Fixtures, fittings & equipment

25% straight line

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

WEALTH SOLUTIONS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

222,030

3,431

225,461

Additions

7,175

1,010,009

1,017,184

At 31 March 2016

222,030

10,606

1,010,009

1,242,645

Depreciation

At 1 April 2015

88,812

3,431

92,243

Charge for the year

44,406

1,794

46,200

At 31 March 2016

133,218

5,225

138,443

Net book value

At 31 March 2016

88,812

5,381

1,010,009

1,104,202

At 31 March 2015

133,218

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Lombard Street Holdings Topco Limited

England and Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Lombard Street Holdings Topco Limited

Financial Services

WEALTH SOLUTIONS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

0 of £1 each

100

160