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REGISTERED NUMBER: SC576030 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hunter Wealth Limited

Hunter Wealth Limited (Registered number: SC576030)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Hunter Wealth Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K El Karti
D Hunter





REGISTERED OFFICE: Caledonian House
35 Nasmyth Avenue
East Kilbride
Lanarkshire
G75 0QR





REGISTERED NUMBER: SC576030 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

Hunter Wealth Limited (Registered number: SC576030)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,251 1,876
Investments 5 - 35,613
1,251 37,489

CURRENT ASSETS
Cash at bank and in hand 22,479 90,935

CREDITORS
Amounts falling due within one year 6 14,493 67,456
NET CURRENT ASSETS 7,986 23,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,237

60,968

PROVISIONS FOR LIABILITIES 313 356
NET ASSETS 8,924 60,612

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7,924 59,612
SHAREHOLDERS' FUNDS 8,924 60,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Hunter Wealth Limited (Registered number: SC576030)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 24 April 2024 and were signed on its behalf by:





K El Karti - Director


Hunter Wealth Limited (Registered number: SC576030)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hunter Wealth Limited is a private company, limited by shares , registered in Scotland. 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
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from financial management services supplied by the company.
Turnover is measured at the fair value of these services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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 - 25% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred

Financial instruments
Current asset investments are measured at fair value, any changes in fair value are recognised in the profit or loss.

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.

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.

Hunter Wealth Limited (Registered number: SC576030)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,501
DEPRECIATION
At 1 January 2023 625
Charge for year 625
At 31 December 2023 1,250
NET BOOK VALUE
At 31 December 2023 1,251
At 31 December 2022 1,876

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 38,000
Disposals (38,000 )
At 31 December 2023 -
PROVISIONS
At 1 January 2023 2,387

Eliminated on disposal (2,387 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 35,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 11,056 62,808
Other creditors 3,437 4,648
14,493 67,456

Hunter Wealth Limited (Registered number: SC576030)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RELATED PARTY DISCLOSURES

The company operates a loan account with the director.

During the year, there was no movement in the balance owed to the director. At the year end, the balance due to the director was £1,829 (2022: £1,829). This loan is unsecured, interest free and has no fixed repayment terms.

Caledonian Financial Management

During the year, there were sales to Caledonian Financial Management, a company with common directors. In the year, these sales totalled £116,403.(2022, £416,762)

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hunter Wealth Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hunter Wealth Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Hunter Wealth Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hunter Wealth Limited and state those matters that we have agreed to state to the Board of Directors of Hunter Wealth Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hunter Wealth Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hunter Wealth Limited. You consider that Hunter Wealth Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hunter Wealth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


24 April 2024