St Pauls Wealth Management Limited - Accounts to registrar (filleted) - small 18.1

St Pauls Wealth Management Limited - Accounts to registrar (filleted) - small 18.1

ST PAULS WEALTH MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 05555670 (England and Wales)











ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ST PAULS WEALTH MANAGEMENT LIMITED
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ST PAULS WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







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
Page 1
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,126 3,006
Investments 6 50,000 50,000
53,126 53,006

CURRENT ASSETS
Debtors 17,680 14,204
Cash at bank and in hand 269,559 273,832
287,239 288,036
CREDITORS
Amounts falling due within one year 34,514 63,854
NET CURRENT ASSETS 252,725 224,182
TOTAL ASSETS LESS CURRENT
LIABILITIES
305,851
277,188

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 304,851 276,188
SHAREHOLDERS' FUNDS 305,851 277,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 notes form part of these financial statements

Page 2 continued...
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2017


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 June 2018 and were signed on its
behalf by:





R C Price - Director


The notes form part of these financial statements

Page 3
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

1. STATUTORY INFORMATION

St Pauls Wealth Management Limited 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.

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 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 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3/5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


Page 4 continued...
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

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 5 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2016
and 30 September 2017 61,414
AMORTISATION
At 1 October 2016
and 30 September 2017 61,414
NET BOOK VALUE

At 30 September 2017 -
At 30 September 2016 -

Page 5 continued...
ST PAULS WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 05555670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2016 30,424
Additions 3,174
Disposals (21,641 )
At 30 September 2017 11,957
DEPRECIATION
At 1 October 2016 27,418
Charge for year 3,054
Eliminated on disposal (21,641 )
At 30 September 2017 8,831
NET BOOK VALUE
At 30 September 2017 3,126
At 30 September 2016 3,006

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2016
and 30 September 2017 50,000
NET BOOK VALUE
At 30 September 2017 50,000
At 30 September 2016 50,000

7. RELATED PARTY DISCLOSURES

During the year, dividends of £58,500 were paid to P S Walker, a director of the company.

During the year, dividends of £9,750 were paid to R C Price, a director of the company.

During the year, rent of £3,300 (2016 : £3,300) was paid to R C Price, a director.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by P S Walker by virtue of his shareholding.

Page 6