REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
GAW CAPITAL ADVISORS (UK) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
GAW CAPITAL ADVISORS (UK) LIMITED |
GAW CAPITAL ADVISORS (UK) LIMITED (REGISTERED NUMBER: 08856896) |
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 |
GAW CAPITAL ADVISORS (UK) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
trading as |
Peter Jarman & Company |
1 Harbour House |
Harbour Way |
Shoreham by Sea |
West Sussex |
BN43 5HZ |
GAW CAPITAL ADVISORS (UK) LIMITED (REGISTERED NUMBER: 08856896) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
GAW CAPITAL ADVISORS (UK) LIMITED (REGISTERED NUMBER: 08856896) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GAW CAPITAL ADVISORS (UK) LIMITED (REGISTERED NUMBER: 08856896) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Gaw Capital Advisors (UK) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
GAW CAPITAL ADVISORS (UK) LIMITED (REGISTERED NUMBER: 08856896) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 21,269 | 20,283 |
Deferred |
tax |
£ |
Balance at 1 January 2023 |
Capital allowances in advance |
of depreciation | 986 |
Balance at 31 December 2023 |
GAW CAPITAL ADVISORS (UK) LIMITED (REGISTERED NUMBER: 08856896) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
8. | RELATED PARTY DISCLOSURES |
During the year the company charged fees of £Nil (2022: £Nil) to GC Advisors Holdings Limited, a Cayman company that C Gaw, K Gaw and A K H Lee are also directors of. As at the start of the year, there was an amount of £570,804 due from the company to GC Advisors Holdings Limited and as at the end of the year there was an amount of £567,643 due from the company to GC Advisors Holdings Limited. |
During the year the company charged net fees of £807,910 (2022: £676,727) to Elizabeth Bridge Unit Trust, a Jersey Property Unit Trust that K Gaw and A K H Lee are directors of the controlling company. As at the start of the year, there was an amount of £344,163 due to the company from Elizabeth Bridge Unit Trust and as at the end of the year there was an amount of £451,867 due to the company from Elizabeth Bridge Unit Trust. |
During the year the company charged net fees of £683,379 (2022: £685,257) to GC123 BPR Limited, a British Virgin Islands company that K Gaw and A K H Lee are directors of the controlling company. As at the start of the year, there was an amount of £276,916 due to the company from GC123 BPR Limited and as at the end of the year there was an amount of £414,342 due to the company from GC123 BPR Limited. |
During the year the company charged net fees of £452,334 (2022: £413,414) to Bridge Summit Unit Trust, a Jersey Property Unit Trust that K Gaw and A K H Lee are directors of the controlling company. As at the start of the year, there was an amount of £126,159 due to the company from Bridge Summit Unit Trust and as at the end of the year there was an amount of £177,546 due to the company from Bridge Summit Unit Trust. |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |