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REGISTERED NUMBER: 08856896 (England and Wales)















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: C Gaw
K Gaw
A K H Lee





REGISTERED OFFICE: 1-2 Harbour House
Harbour Way
Shoreham-By-Sea
West Sussex
BN43 5HZ





REGISTERED NUMBER: 08856896 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
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 95,004 112,246

CURRENT ASSETS
Debtors 5 1,171,107 934,050
Cash at bank and in hand 700,897 749,193
1,872,004 1,683,243
CREDITORS
Amounts falling due within one year 6 (768,528 ) (757,879 )
NET CURRENT ASSETS 1,103,476 925,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,198,480

1,037,610

PROVISIONS FOR LIABILITIES 7 (21,269 ) (20,283 )
NET ASSETS 1,177,211 1,017,327

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,177,210 1,017,326
SHAREHOLDERS' FUNDS 1,177,211 1,017,327

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.

GAW CAPITAL ADVISORS (UK) LIMITED (REGISTERED NUMBER: 08856896)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





A K H Lee - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance and 10% on cost

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 10 (2022 - 7 ) .

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 9,159 205,696 214,855
Additions - 3,775 3,775
At 31 December 2023 9,159 209,471 218,630
DEPRECIATION
At 1 January 2023 3,664 98,945 102,609
Charge for year 916 20,101 21,017
At 31 December 2023 4,580 119,046 123,626
NET BOOK VALUE
At 31 December 2023 4,579 90,425 95,004
At 31 December 2022 5,495 106,751 112,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,043,755 747,238
Other debtors 127,352 186,812
1,171,107 934,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,453 24,018
Amounts owed to group undertakings 567,643 570,804
Taxation and social security 187,884 155,973
Other creditors 7,548 7,084
768,528 757,879

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 21,269 20,283

Deferred
tax
£   
Balance at 1 January 2023 20,283
Capital allowances in advance
of depreciation 986
Balance at 31 December 2023 21,269

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 Mr Goodwin Gaw & Mr Kenneth Gaw.