Accounts filed on 31-05-2017

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			Company registration number:08800475
		INTERIM WEALTH MANAGEMENT LIMITED
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 May 2017

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INTERIM WEALTH MANAGEMENT LIMITED
BALANCE SHEET
AS AT 31 May 2017
					2017				2016
				Notes	£		£		£		£
FIXED ASSETS
Intangible assets				3			44,115				9,758
Tangible assets				4			2,936				4,542
							47,051				14,300
CURRENT ASSETS
Debtors				5	112,282				41,277
Cash at bank and in hand					61,426				19,818
					173,708				61,095
CREDITORS
Amounts falling due within one year				6	(133,313)				(56,037)
NET CURRENT ASSETS							40,395				5,058
TOTAL ASSETS LESS
CURRENT LIABILITIES							87,446				19,358
NET ASSETS							87,446				19,358
CAPITAL AND RESERVES
Called-up equity share capital				7			1				1
Profit and loss account							87,445				19,357
SHAREHOLDERS FUNDS							87,446				19,358
For the year ending 31 May 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 6 November 2017 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
A E Waltham
6 November 2017
The annexed notes form part of these financial statements.

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INTERIM WEALTH MANAGEMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2017
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
	Balance at 1 June 2015			1	0	(8,342)	0	0	(8,341)
	Changes in equity
	Total Comprehensive Income			0	0	27,699	0	0	27,699
	Balance at 31 May 2016			1	0	19,357	0	0	19,358
	Changes in equity
	Total comprehensive income			0	0	68,088	0	0	68,088
	Balance at 31 May 2017			1	0	87,445	0	0	87,446

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INTERIM WEALTH MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements are the first to have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The company's date of transistion to FRS 102 (1A) is 1 June 2015. There are no transitional adjustments in the financial statements.

Turnover

Turnover comprises the value of services supplied by the company. Revenue is recognised on the basis of the degree of completion of the services provided.

Intangible Assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. Goodwill is being written off in equal annual instalments over its estimated economic life of five years.

Fixed Assets

Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery - 25% per annum of cost

Pension Scheme

The company contributes to defined contribution pension schemes. The pension costs charged in the financial statements represent the contributions payable by the company during the year.

2.

Employees

The average number of persons employed by the company (including directors during the year was 6 (2016 : 4).

3.	Intangible fixed assets
				Total
	Cost
	At start of period			12,198
	Additions			41,425
	At end of period			53,623
	Amortisation
	At start of period			2,440
	Provided during the period			7,068
	At end of period			9,508
	Net Book Values
	At start of period			9,758
	At end of period			44,115
	On the 14 July 2015 the company acquired the goodwill of another financial services business for consideration of £1 plus further consideration payable for three years up to a maximum consideration of £105,000. The further consideration is being accounted for as and when it is paid. The goodwill on this acquisition will be written off in equal instalments over its estimated economic life of five years.

4.	Tangible fixed assets
				Total
	Cost
	At start of period			6,424
	At end of period			6,424
	Depreciation
	At start of period			1,882
	Provided during the period			1,606
	At end of period			3,488
	Net Book Value
	At start of period			4,542
	At end of period			2,936

5.	Debtors
					2017	2016
					£	£
	Due within one year
	Amounts owed by group undertakings				7,569	0
	Other Debtors				0	841
	Prepayments and accrued income				104,713	40,436
					112,282	41,277

6.	Creditors due within one year
					2017	2016
					£	£
	Corporation Tax				22,308	8,624
	Other taxes and social security costs				11,419	3,664
	Other creditors				60,000	0
	Accruals and deferred income				39,586	13,749
	Loan from directors				0	30,000
					133,313	56,037

7.	Share capital				Alloted, Issued and fully paid
					2017	2016
					£	£
	Ordinary shares of £1				1	1
	Total issued share capital				1	1

8.

Pension schemes

The company contributes to defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds.

9.

Related Party Transactions

Included in creditors due within one year as at 31 May 2016 was a loan of £30,000 from A. E. Waltham, a director of the company. The loan was repaid by the company in full in June 2016.