Fairfield St George Wealth Mgmt Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09602796 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2016

for

Fairfield St George Wealth Management

Ltd

Trading as

Grove & Dean Wealth Management

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I Cox

A Smith

SECRETARY:

REGISTERED OFFICE:

PO Box 51

Warpsgrove Lane

Chalgrove

Oxford

Oxfordshire

OX44 7YG

BUSINESS ADDRESS:

15 Hampden House

Monument Park

Chalgrove

Oxford

Oxfordshire

OX44 7RW

REGISTERED NUMBER:

09602796 (England and Wales)

ACCOUNTANTS:

Richard Riley and Associates Ltd

15 Hampden House

Monument Park

Chalgrove

Oxfordshire

OX44 7RW

FIXED ASSETS

Intangible assets

4

427,595

-

CURRENT ASSETS

Debtors

5

77,261

-

Cash at bank and in hand

94,222

4,910

171,483

4,910

CREDITORS

Amounts falling due within one year

6

458,558

13,000

NET CURRENT LIABILITIES

(287,075

)

(8,090

)

TOTAL ASSETS LESS CURRENT LIABILITIES

140,520

(8,090

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

140,420

(8,190

)

SHAREHOLDERS' FUNDS

140,520

(8,090

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 August 2017 and were signed on its behalf by:

I Cox - Director

A Smith - Director

1.	STATUTORY INFORMATION

Fairfield St George Wealth Management Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

534,494

At 30 November 2016

534,494

AMORTISATION

Charge for year

106,899

At 30 November 2016

106,899

NET BOOK VALUE

At 30 November 2016

427,595

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

19,586

-

Other debtors

57,675

-

77,261

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

385,421

-

Trade creditors

(1

)

-

Taxation and social security

49,043

-

Other creditors

24,095

13,000

458,558

13,000