03193392 S J Ludlow R I Hemingway D Hardman 1.10.15 30.9.16 30.9.16 Company accounts Private Limited Company FY true false true false false true false Ordinary A share capital 1.00000 Ordinary B shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure031933922015-09-30031933922016-09-30031933922015-10-012016-09-30031933922014-09-30031933922014-10-012015-09-30031933922015-09-3003193392ns12:England2015-10-012016-09-3003193392ns14:PoundSterling2015-10-012016-09-3003193392ns7:Director12015-10-012016-09-3003193392ns7:Director22015-10-012016-09-3003193392ns7:Director32015-10-012016-09-3003193392ns7:OrdinaryShareClass12015-10-012016-09-3003193392ns7:OrdinaryShareClass22015-10-012016-09-3003193392ns7:RegisteredOffice2015-10-012016-09-3003193392ns7:EntityAccountantsOrAuditors2015-10-012016-09-3003193392ns5:NetGoodwill2015-10-012016-09-3003193392ns5:FixturesFittings2015-10-012016-09-3003193392ns5:MotorVehicles2015-10-012016-09-3003193392ns5:ComputerEquipment2015-10-012016-09-3003193392ns5:FixedAssetInvestmentsOtherThanLoans2016-09-3003193392ns5:FixedAssetInvestmentsOtherThanLoans2015-09-3003193392ns5:Subsidiary12015-10-012016-09-3003193392ns5:Subsidiary12014-10-012015-09-3003193392ns5:Subsidiary22015-10-012016-09-3003193392ns5:Subsidiary22014-10-012015-09-3003193392ns5:Subsidiary32015-10-012016-09-3003193392ns5:Subsidiary32014-10-012015-09-3003193392ns5:Subsidiary42015-10-012016-09-3003193392ns5:Subsidiary42014-10-012015-09-3003193392ns7:OrdinaryShareClass12016-09-3003193392ns7:OrdinaryShareClass12015-09-3003193392ns7:OrdinaryShareClass22016-09-3003193392ns7:OrdinaryShareClass22015-09-30
REGISTERED NUMBER: 03193392 (England and Wales)





ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

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

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4
LUDLOW WEALTH MANAGEMENT GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







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 LTD (REGISTERED NUMBER: 03193392)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 697,396 858,844
Tangible assets 3 120,624 93,855
Investments 4 1,714,796 1,749,796
2,532,816 2,702,495

CURRENT ASSETS
Debtors 403,205 337,374
Investments 84,145 -
Cash at bank and in hand 451,784 453,075
939,134 790,449
CREDITORS
Amounts falling due within one year 5 1,018,476 894,264
NET CURRENT LIABILITIES (79,342 ) (103,815 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,453,474 2,598,680

CREDITORS
Amounts falling due after more than one
year

-

(126,711

)

PROVISIONS FOR LIABILITIES (20,500 ) (14,388 )
NET ASSETS 2,432,974 2,457,581

CAPITAL AND RESERVES
Called up share capital 6 2,222 2,222
Share premium 39,778 39,778
Profit and loss account 2,390,974 2,415,581
SHAREHOLDERS' FUNDS 2,432,974 2,457,581
LUDLOW WEALTH MANAGEMENT GROUP LTD (REGISTERED NUMBER: 03193392)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


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 20 January 2017 and were signed on its behalf
by:




S J Ludlow - Director R I Hemingway - Director




D Hardman - Director

LUDLOW WEALTH MANAGEMENT GROUP LTD (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016


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 Ludlow Wealth Management Group Ltd 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 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
Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.
LUDLOW WEALTH MANAGEMENT GROUP LTD (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 2,395,790
AMORTISATION
At 1 October 2015 1,536,946
Amortisation for year 161,448
At 30 September 2016 1,698,394
NET BOOK VALUE

At 30 September 2016 697,396
At 30 September 2015 858,844

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 329,788
Additions 59,631
Disposals (46,178 )
At 30 September 2016 343,241
DEPRECIATION
At 1 October 2015 235,933
Charge for year 27,038
Eliminated on disposal (40,354 )
At 30 September 2016 222,617
NET BOOK VALUE
At 30 September 2016 120,624
At 30 September 2015 93,855
LUDLOW WEALTH MANAGEMENT GROUP LTD (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2015 1,749,796
Disposals (35,000 )
At 30 September 2016 1,714,796
NET BOOK VALUE
At 30 September 2016 1,714,796
At 30 September 2015 1,749,796

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
30.9.16 30.9.15
£    £   
Aggregate capital and reserves 84,543 84,176
Profit for the year 125,367 123,548

Ludlow (Preston) Limited
Nature of business:
%
Class of shares: holding
Ordinary share capital 100.00
30.9.16 30.9.15
£    £   
Aggregate capital and reserves 169,447 167,727
Profit for the year 236,720 227,393

Ludlow (Fylde) Limited
Nature of business:
%
Class of shares: holding
Ordinary 100.00
30.9.16 30.9.15
£    £   
Aggregate capital and reserves 74,615 73,843
Profit for the year 320,772 214,307
LUDLOW WEALTH MANAGEMENT GROUP LTD (REGISTERED NUMBER: 03193392)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016


4. FIXED ASSET INVESTMENTS - continued

Murphy & Associates Limited
Nature of business:
%
Class of shares: holding
Ordinary 100.00
30.9.16 30.9.15
£    £   
Aggregate capital and reserves - 10,000

On the 13 January 2016 Murphy & Associates Limited applied to be voluntarily stuck off the Companies House
register. On 12 April 2016 the company was dissolved.

5. CREDITORS

Creditors include an amount of £ 0 (30.9.15 - £ 171,875 ) for which security has been given.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
2,000 Ordinary A share capital £1 2,000 2,000
222 Ordinary B shares £1 222 222
2,222 2,222

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