GENESIS WEALTH HOLDINGS LTD | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 DECEMBER 2023 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2023 | |||
£ | £ | |||
FIXED ASSETS | ||||
Investments held as fixed assets | 3 | |||
CURRENT ASSETS | ||||
CREDITORS: Amounts falling due within one year | 4 | |||
NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ||||
CREDITORS: Amounts falling due after more than one year | 5 | ( |
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NET ASSETS | £ |
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CAPITAL AND RESERVES | ||||
Called up share capital | ||||
SHAREHOLDERS' FUNDS | £ |
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In approving these financial statements as directors of the company we hereby confirm the following: | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
The notes on pages 2-5 form part of these financial statements | |
page 1 | |
GENESIS WEALTH HOLDINGS LTD | ||
NOTES TO THE ACCOUNTS | ||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES | |
1a. | Statement of compliance | ||
Registered office: | |||
Manchester M3 6BZ |
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These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 January 2023. | |||
Basis of accounting | |||
1c. | Revenue recognition | ||
1d. | Borrowing costs | ||
1e. | Taxation | ||
1f. | Inventories | ||
The notes on pages 2-5 form part of these financial statements | |
page 2 | |
GENESIS WEALTH HOLDINGS LTD | ||
NOTES TO THE ACCOUNTS (CONT.) | ||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1g. | Short term debtors and creditors | ||
1h. | Cash and cash equivalents | ||
1i. | Interest bearing borrowings | ||
1j. | Leased assets | ||
1k. | Foreign currencies | ||
1l. | Employee benefits | ||
The notes on pages 2-5 form part of these financial statements | |
page 3 | |
GENESIS WEALTH HOLDINGS LTD | ||
NOTES TO THE ACCOUNTS (CONT.) | ||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1m. | Discontinued operations | ||
1n. | Provisions | ||
1o. | Judgements and key sources of estimation uncertainty | ||
2. | DIRECTORS AND EMPLOYEES | |
The average weekly number of employees during the year were as follows: | ||
2023 | ||
No. | ||
Management and administration | ||
The notes on pages 2-5 form part of these financial statements | |
page 4 | |
GENESIS WEALTH HOLDINGS LTD | ||
NOTES TO THE ACCOUNTS (CONT.) | ||
FOR THE YEAR ENDED 31 DECEMBER 2023 |
3. | INVESTMENTS HELD AS FIXED ASSETS | ||
Other | |||
participating | |||
interests | Total | ||
£ | £ | ||
Cost or valuation | |||
Additions | |||
At 31 December 2023 | |||
Amounts written off | |||
At 31 December 2023 | |||
Net Book Amounts | |||
At 31 December 2023 | |||
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
2023 | ||
£ | ||
Amounts owed to undertakings in which the company has a participating interest | ||
£ |
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5. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | |
2023 | ||
£ | ||
Other loans | ||
£ |
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Analysis of borrowings: | ||
Due within five years: | ||
within 1-2 years | ||
other | ||
within 2-5 years | ||
other | ||
£2,235,400 | ||
The notes on pages 2-5 form part of these financial statements | |
page 5 |