2022-04-012023-03-312023-03-31false09194858GLOBAL WEALTHMAP LTD2023-10-2566190iso4217:GBPxbrli:pure091948582022-04-01091948582023-03-31091948582022-04-012023-03-31091948582021-09-01091948582022-03-31091948582021-09-012022-03-3109194858bus:SmallEntities2022-04-012023-03-3109194858bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3109194858bus:FullAccounts2022-04-012023-03-3109194858bus:PrivateLimitedCompanyLtd2022-04-012023-03-3109194858core:WithinOneYear2023-03-3109194858core:AfterOneYear2023-03-3109194858core:WithinOneYear2022-03-3109194858core:AfterOneYear2022-03-3109194858core:ShareCapital2023-03-3109194858core:SharePremium2023-03-3109194858core:RevaluationReserve2023-03-3109194858core:OtherReservesSubtotal2023-03-3109194858core:RetainedEarningsAccumulatedLosses2023-03-3109194858core:ShareCapital2022-03-3109194858core:SharePremium2022-03-3109194858core:RevaluationReserve2022-03-3109194858core:OtherReservesSubtotal2022-03-3109194858core:RetainedEarningsAccumulatedLosses2022-03-3109194858core:LandBuildings2023-03-3109194858core:PlantMachinery2023-03-3109194858core:Vehicles2023-03-3109194858core:FurnitureFittings2023-03-3109194858core:OfficeEquipment2023-03-3109194858core:NetGoodwill2023-03-3109194858core:IntangibleAssetsOtherThanGoodwill2023-03-3109194858core:ListedExchangeTraded2023-03-3109194858core:UnlistedNon-exchangeTraded2023-03-3109194858core:LandBuildings2022-03-3109194858core:PlantMachinery2022-03-3109194858core:Vehicles2022-03-3109194858core:FurnitureFittings2022-03-3109194858core:OfficeEquipment2022-03-3109194858core:NetGoodwill2022-03-3109194858core:IntangibleAssetsOtherThanGoodwill2022-03-3109194858core:ListedExchangeTraded2022-03-3109194858core:UnlistedNon-exchangeTraded2022-03-3109194858core:LandBuildings2022-04-012023-03-3109194858core:PlantMachinery2022-04-012023-03-3109194858core:Vehicles2022-04-012023-03-3109194858core:FurnitureFittings2022-04-012023-03-3109194858core:OfficeEquipment2022-04-012023-03-3109194858core:NetGoodwill2022-04-012023-03-3109194858core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109194858core:ListedExchangeTraded2022-04-012023-03-3109194858core:UnlistedNon-exchangeTraded2022-04-012023-03-3109194858core:MoreThanFiveYears2022-04-012023-03-3109194858core:Non-currentFinancialInstruments2023-03-3109194858core:Non-currentFinancialInstruments2022-03-3109194858dpl:CostSales2022-04-012023-03-3109194858dpl:DistributionCosts2022-04-012023-03-3109194858core:LandBuildings2022-04-012023-03-3109194858core:PlantMachinery2022-04-012023-03-3109194858core:Vehicles2022-04-012023-03-3109194858core:FurnitureFittings2022-04-012023-03-3109194858core:OfficeEquipment2022-04-012023-03-3109194858dpl:AdministrativeExpenses2022-04-012023-03-3109194858core:NetGoodwill2022-04-012023-03-3109194858core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109194858dpl:GroupUndertakings2022-04-012023-03-3109194858dpl:ParticipatingInterests2022-04-012023-03-3109194858dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109194858core:ListedExchangeTraded2022-04-012023-03-3109194858dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109194858core:UnlistedNon-exchangeTraded2022-04-012023-03-3109194858dpl:CostSales2021-09-012022-03-3109194858dpl:DistributionCosts2021-09-012022-03-3109194858core:LandBuildings2021-09-012022-03-3109194858core:PlantMachinery2021-09-012022-03-3109194858core:Vehicles2021-09-012022-03-3109194858core:FurnitureFittings2021-09-012022-03-3109194858core:OfficeEquipment2021-09-012022-03-3109194858dpl:AdministrativeExpenses2021-09-012022-03-3109194858core:NetGoodwill2021-09-012022-03-3109194858core:IntangibleAssetsOtherThanGoodwill2021-09-012022-03-3109194858dpl:GroupUndertakings2021-09-012022-03-3109194858dpl:ParticipatingInterests2021-09-012022-03-3109194858dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-03-3109194858core:ListedExchangeTraded2021-09-012022-03-3109194858dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-03-3109194858core:UnlistedNon-exchangeTraded2021-09-012022-03-3109194858core:NetGoodwill2023-03-3109194858core:IntangibleAssetsOtherThanGoodwill2023-03-3109194858core:LandBuildings2023-03-3109194858core:PlantMachinery2023-03-3109194858core:Vehicles2023-03-3109194858core:FurnitureFittings2023-03-3109194858core:OfficeEquipment2023-03-3109194858core:AfterOneYear2023-03-3109194858core:WithinOneYear2023-03-3109194858core:ListedExchangeTraded2023-03-3109194858core:UnlistedNon-exchangeTraded2023-03-3109194858core:ShareCapital2023-03-3109194858core:SharePremium2023-03-3109194858core:RevaluationReserve2023-03-3109194858core:OtherReservesSubtotal2023-03-3109194858core:RetainedEarningsAccumulatedLosses2023-03-3109194858core:NetGoodwill2022-03-3109194858core:IntangibleAssetsOtherThanGoodwill2022-03-3109194858core:LandBuildings2022-03-3109194858core:PlantMachinery2022-03-3109194858core:Vehicles2022-03-3109194858core:FurnitureFittings2022-03-3109194858core:OfficeEquipment2022-03-3109194858core:AfterOneYear2022-03-3109194858core:WithinOneYear2022-03-3109194858core:ListedExc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GLOBAL WEALTHMAP LTD

Registered Number
09194858
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

GLOBAL WEALTHMAP LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

CLAYTON, Gary
LAWRENCE, Michael Erik Loveland
RICE, Sarah

Registered Address

1 King William Street
London
EC4N 7AF

Registered Number

09194858 (England and Wales)
GLOBAL WEALTHMAP LTD
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets743,75068,750
Investments95050
43,80068,800
Current assets
Debtors148,389149,160
Cash at bank and on hand152,763148,217
301,152297,377
Creditors amounts falling due within one year13(66,540)(130,107)
Net current assets (liabilities)234,612167,270
Total assets less current liabilities278,412236,070
Creditors amounts falling due after one year14(21,667)(19,265)
Net assets256,745216,805
Capital and reserves
Called up share capital100100
Profit and loss account256,645216,705
Shareholders' funds256,745216,805
The financial statements were approved and authorised for issue by the Board of Directors on 25 October 2023, and are signed on its behalf by:
CLAYTON, Gary
Director
Registered Company No. 09194858
GLOBAL WEALTHMAP LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Change in reporting period and impact on comparability
The company has shortened the previous accounting period from 31 August 2021 to 31 March 2022. The comparatives reflect the 7 months of the previous year.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment3
Intangible assets policy
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible assets relate to purchased goodwill, and are amortised over 5 years on a Straight Line Basis. As goodwill is not subject to deferred tax, no provisions are currently considered necessary.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

20232022
Average number of employees during the year1510
7.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 22165,000165,000
At 31 March 23165,000165,000
Amortisation and impairment
At 01 April 2296,25096,250
Charge for year25,00025,000
At 31 March 23121,250121,250
Net book value
At 31 March 2343,75043,750
At 31 March 2268,75068,750
8.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 221,0501,050
At 31 March 231,0501,050
Depreciation and impairment
At 01 April 221,0501,050
At 31 March 231,0501,050
Net book value
At 31 March 23--
At 31 March 22--
9.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 225050
At 31 March 235050
Net book value
At 31 March 235050
At 31 March 225050

Notes

1Other investments other than loans
10.Description of financial commitments other than capital commitments
Deferred tax will be applied when, in the opinion of the directors, amounts are considered material. As goodwill is not subject to deferred tax, no provisions are currently considered necessary.
11.Description of nature of transactions and balances with related parties
Directors charged fees of £54,000 (2022: 33,331) for services provided during the period. Transactions to companies under common control amounted to £9,196.50 (2022: £5,764) for the period.
12.Guarantees and their terms, directors
The company is controlled by Gary Clayton and Michael Lawrence.
13.Creditors within one year

2023

2022

££
Trade creditors / trade payables4,8502,292
Bank borrowings and overdrafts10,00041,667
Amounts owed to related parties11,495113
Taxation and social security24,37956,898
Other creditors2,6232,623
Accrued liabilities and deferred income13,19326,514
Total66,540130,107
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
14.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts21,667-
Other creditors-19,265
Total21,66719,265
Non-current liabilities amounts relate to a Bounce back loan repayable at 2.50% interest rates, with capital repayment of £10,000 pa.