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REGISTERED NUMBER: SC325490 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GARY WALKER WEALTH MANAGEMENT LIMITED

GARY WALKER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC325490)

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


GARY WALKER WEALTH MANAGEMENT LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J G Walker





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC325490 (Scotland)






GARY WALKER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC325490)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,030 105,467
Tangible assets 5 4,923 6,322
Investments 6 700,079 652,285
787,032 764,074

CURRENT ASSETS
Debtors 7 212,351 213,883
Cash at bank 82,141 287,031
294,492 500,914
CREDITORS
Amounts falling due within one year 8 915,584 1,110,326
NET CURRENT LIABILITIES (621,092 ) (609,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,940

154,662

PROVISIONS FOR LIABILITIES 1,024 1,010
NET ASSETS 164,916 153,652

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 164,914 153,650
SHAREHOLDERS' FUNDS 164,916 153,652

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 director acknowledges his 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.

GARY WALKER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC325490)

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 director and authorised for issue on 9 September 2024 and were signed by:





J G Walker - Director


GARY WALKER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC325490)

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


1. STATUTORY INFORMATION

Gary Walker Wealth Management 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
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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% 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.

GARY WALKER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC325490)

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


2. ACCOUNTING POLICIES - continued

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 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 468,738
AMORTISATION
At 1 January 2023 363,271
Charge for year 23,437
At 31 December 2023 386,708
NET BOOK VALUE
At 31 December 2023 82,030
At 31 December 2022 105,467

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 44,865 59,359 104,224
Additions - 2,415 2,415
At 31 December 2023 44,865 61,774 106,639
DEPRECIATION
At 1 January 2023 43,755 54,147 97,902
Charge for year 1,110 2,704 3,814
At 31 December 2023 44,865 56,851 101,716
NET BOOK VALUE
At 31 December 2023 - 4,923 4,923
At 31 December 2022 1,110 5,212 6,322

GARY WALKER WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: SC325490)

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


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 652,285
Revaluations 47,794
At 31 December 2023 700,079
NET BOOK VALUE
At 31 December 2023 700,079
At 31 December 2022 652,285

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2021 700,000
Valuation in 2022 (47,715 )
Valuation in 2023 47,794
700,079

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 182,794 167,324
Prepayments and accrued income 29,557 46,559
212,351 213,883

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,668 11,845
Amounts owed to group undertakings 664,247 901,341
Tax 55,457 57,958
Other creditors 2,897 9,336
Directors' current accounts 1,030 1,030
Accruals and deferred income 186,285 128,816
915,584 1,110,326

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J G Walker.