St Pauls Wealth Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05555670 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

ST PAULS WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P S Walker

R C Price

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

2

-

-

Tangible assets

3

3,006

4,562

Investments

4

50,000

50,000

53,006

54,562

CURRENT ASSETS

Debtors

14,204

3,756

Cash at bank and in hand

273,832

144,064

288,036

147,820

CREDITORS

Amounts falling due within one year

63,854

39,819

NET CURRENT ASSETS

224,182

108,001

TOTAL ASSETS LESS CURRENT LIABILITIES

277,188

162,563

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit & loss account

276,188

161,563

SHAREHOLDERS' FUNDS

277,188

162,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 June 2017 and were signed on its behalf by:

R C Price - 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 January 2015).

Preparation of consolidated financial statements

The financial statements contain information about St Pauls Wealth Management Limited as an

individual company and do not contain consolidated financial information as the parent of a group.

The company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Turnover

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

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.

Tangible fixed assets

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

Fixtures, fittings & office equipment

-

Straight line over 3/5 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 October 2015

and 30 September 2016

61,414

AMORTISATION

At 1 October 2015

and 30 September 2016

61,414

NET BOOK VALUE

At 30 September 2016

-

At 30 September 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

29,613

Additions

811

At 30 September 2016

30,424

DEPRECIATION

At 1 October 2015

25,051

Charge for year

2,367

At 30 September 2016

27,418

NET BOOK VALUE

At 30 September 2016

3,006

At 30 September 2015

4,562

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2015

and 30 September 2016

50,000

NET BOOK VALUE

At 30 September 2016

50,000

At 30 September 2015

50,000

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

St Pauls Priceguard Ltd

Nature of business: Financial services

%

Class of shares:

holding

Ordinary

100.00

30.9.16

30.9.15

£

£

Aggregate capital and reserves

1,036

689

Profit/(loss) for the year

413

(2,239

)

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.	ULTIMATE CONTROLLING PARTY