03193392 S J Ludlow R I Hemingway D Hardman 1.10.13 30.9.14 30.9.14 Company accounts Private Limited Company FY true false true false true false false Ordinary A share capital 1.00000 Ordinary B shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031933922013-09-30031933922014-09-30031933922013-10-012014-09-30031933922012-09-30031933922012-10-012013-09-30031933922013-09-3003193392ns12:England2013-10-012014-09-3003193392ns14:PoundSterling2013-10-012014-09-3003193392ns7:Director12013-10-012014-09-3003193392ns7:Director22013-10-012014-09-3003193392ns7:Director32013-10-012014-09-3003193392ns7:OrdinaryShareClass12013-10-012014-09-3003193392ns7:OrdinaryShareClass22013-10-012014-09-3003193392ns7:RegisteredOffice2013-10-012014-09-3003193392ns7:EntityAccountantsOrAuditors2013-10-012014-09-3003193392ns5:NetGoodwill2013-10-012014-09-3003193392ns5:FixturesFittings2013-10-012014-09-3003193392ns5:MotorVehicles2013-10-012014-09-3003193392ns5:ComputerEquipment2013-10-012014-09-3003193392ns5:FixedAssetInvestmentsOtherThanLoans2014-09-3003193392ns5:FixedAssetInvestmentsOtherThanLoans2013-09-3003193392ns5:Subsidiary12013-10-012014-09-3003193392ns5:Subsidiary12012-10-012013-09-3003193392ns5:Subsidiary22013-10-012014-09-3003193392ns5:Subsidiary22012-10-012013-09-3003193392ns5:Subsidiary32013-10-012014-09-3003193392ns5:Subsidiary32012-10-012013-09-3003193392ns5:Subsidiary42013-10-012014-09-3003193392ns5:Subsidiary42012-10-012013-09-3003193392ns7:OrdinaryShareClass12014-09-3003193392ns7:OrdinaryShareClass12013-09-3003193392ns7:OrdinaryShareClass22014-09-3003193392ns7:OrdinaryShareClass22013-09-30
REGISTERED NUMBER: 03193392 (England and Wales)





ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

LUDLOW WEALTH MANAGEMENT GROUP LIMITED
LUDLOW WEALTH MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 03193392)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4
LUDLOW WEALTH MANAGEMENT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2014







DIRECTORS: S J Ludlow
R I Hemingway
D Hardman





REGISTERED OFFICE: 172 Lord Street
Southport
Merseyside
PR9 0QA





REGISTERED NUMBER: 03193392 (England and Wales)





ACCOUNTANTS: Mattocks Grindley
Unit 28
Salisbury Street
St Helens
WA10 1FY
LUDLOW WEALTH MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 03193392)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2014

30.9.14 30.9.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,032,085 1,038,495
Tangible assets 3 113,685 130,244
Investments 4 1,749,796 1,974,571
2,895,566 3,143,310

CURRENT ASSETS
Debtors 5 256,881 113,588
Cash at bank and in hand 97,792 123,909
354,673 237,497
CREDITORS
Amounts falling due within one year 6 577,580 832,878
NET CURRENT LIABILITIES (222,907 ) (595,381 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,672,659 2,547,929

CREDITORS
Amounts falling due after more than one year 6 (650,204 ) (833,157 )

PROVISIONS FOR LIABILITIES (17,388 ) (20,709 )
NET ASSETS 2,005,067 1,694,063

CAPITAL AND RESERVES
Called up share capital 7 2,222 2,222
Share premium 39,778 39,778
Profit and loss account 1,963,067 1,652,063
SHAREHOLDERS' FUNDS 2,005,067 1,694,063
LUDLOW WEALTH MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 03193392)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2014


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 12 February 2015 and were signed on its behalf by:




S J Ludlow - Director R I Hemingway - Director




D Hardman - Director

LUDLOW WEALTH MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014


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 April 2008).

Turnover
Turnover represents commissions and fee income, including commission on indemnity terms receivable in the
period after deducting a provision which is made against commissions received on indemnity terms over the
previous 48 months.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and
amortised over its useful life up to a maximum of 20 years. This length of time is presumed to be the maximum
useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is
reviewed for impairment and the period over which is should be written off at the end of the first full financial
year following each acquisition and subsequently as an when necessary if circumstances emerge that indicate that
the carrying value may not be recoverable.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the
economic life of that asset as follows:


Goodwill - 5 to 20 years

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

Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.
LUDLOW WEALTH MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014


1. ACCOUNTING POLICIES - continued

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 2013 2,188,551
Additions 207,239
At 30 September 2014 2,395,790
AMORTISATION
At 1 October 2013 1,150,056
Amortisation for year 213,649
At 30 September 2014 1,363,705
NET BOOK VALUE

At 30 September 2014 1,032,085
At 30 September 2013 1,038,495

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 322,810
Additions 6,978
At 30 September 2014 329,788
DEPRECIATION
At 1 October 2013 192,566
Charge for year 23,537
At 30 September 2014 216,103
NET BOOK VALUE
At 30 September 2014 113,685
At 30 September 2013 130,244
LUDLOW WEALTH MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014


4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2013 1,974,571
Additions 38,750
Disposals (263,525 )
At 30 September 2014 1,749,796
NET BOOK VALUE
At 30 September 2014 1,749,796
At 30 September 2013 1,974,571

The company's investments at the balance sheet date in the share capital of companies include the following:

Ludlow (Cheshire) Limited
Nature of business:
%
Class of shares: holding
Ordinary share capital 100.00
30.9.14 30.9.13
£    £   
Aggregate capital and reserves 80,628 78,586
Profit for the year 172,042 102,323

Ludlow (Preston) Limited
Nature of business:
%
Class of shares: holding
Ordinary share capital 100.00
30.9.14 30.9.13
£    £   
Aggregate capital and reserves 160,334 153,058
Profit for the year 227,276 211,584
LUDLOW WEALTH MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014


4. FIXED ASSET INVESTMENTS - continued

Ludlow (Fylde) Limited
Nature of business:
%
Class of shares: holding
Ordinary 100.00
30.9.14 30.9.13
£    £   
Aggregate capital and reserves 69,536 70,894
Profit for the year 228,642 150,143

Murphy & Associates Limited
Nature of business:
%
Class of shares: holding
Ordinary 100.00
31.3.14 31.1.13
£    £   
Aggregate capital and reserves 10,000 25,903
Profit for the period 65,563 53,022

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 100,779

6. CREDITORS

Creditors include an amount of £ 343,750 (30.9.13 - £ 481,250 ) for which security has been given.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.14 30.9.13
value: £    £   
2,000 Ordinary A share capital £1 2,000 2,000
222 Ordinary B shares £1 222 222
2,222 2,222
LUDLOW WEALTH MANAGEMENT GROUP LIMITED (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014


7. CALLED UP SHARE CAPITAL - continued

A & B shares rank parri passu except for:

(a) Dividends

The first £500,000 in aggregate of dividends to be voted after 29 September 2006 must be declared and paid in the
first instance to the A shareholders.

(b) In the event of a sale of the company or capital distribution

The first £500,000 of proceeds or distribution is to be paid to the A shareholders having deducted and dividends
paid under part (a) above.

Since 29 September 2006 dividends totalling £500,000 have been voted and paid to the A shareholders.

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