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Company No: 03559751 (England and Wales)

VIA WEALTH LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

VIA WEALTH LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

VIA WEALTH LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2024
VIA WEALTH LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTOR Neil Andrew Maguire
SECRETARY Rachel Maguire
REGISTERED OFFICE Henderson Business Centre
Ivy Road
Norwich
NR5 8BF
United Kingdom
COMPANY NUMBER 03559751 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
VIA WEALTH LIMITED

BALANCE SHEET

As at 31 August 2024
VIA WEALTH LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 9,088 11,898
9,088 11,898
Current assets
Debtors 4 449,057 707,884
Cash at bank and in hand 607,153 388,087
1,056,210 1,095,971
Creditors: amounts falling due within one year 5 ( 193,269) ( 169,081)
Net current assets 862,941 926,890
Total assets less current liabilities 872,029 938,788
Creditors: amounts falling due after more than one year 6 ( 34,073) ( 99,800)
Net assets 837,956 838,988
Capital and reserves
Called-up share capital 7 100,000 100,000
Profit and loss account 737,956 738,988
Total shareholder's funds 837,956 838,988

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Via Wealth Limited (registered number: 03559751) were approved and authorised for issue by the Director on 04 October 2024. They were signed on its behalf by:

Neil Andrew Maguire
Director
VIA WEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
VIA WEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Via Wealth Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Henderson Business Centre, Ivy Road, Norwich, NR5 8BF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 September 2023 74,408 74,408
At 31 August 2024 74,408 74,408
Accumulated depreciation
At 01 September 2023 62,510 62,510
Charge for the financial year 2,810 2,810
At 31 August 2024 65,320 65,320
Net book value
At 31 August 2024 9,088 9,088
At 31 August 2023 11,898 11,898

4. Debtors

2024 2023
£ £
Trade debtors 0 7,974
Amounts owed by Parent undertakings 435,676 685,676
Other debtors 13,381 14,234
449,057 707,884

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 3,912 798
Taxation and social security 119,119 100,107
Other creditors 70,238 68,176
193,269 169,081

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 34,073 99,800

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 1.00 each 100,000 100,000

8. Related party transactions

Transactions with owners holding a participating interest in the entity

At the year end the company was owed £435,676 (2023 - £685,676) from NRLH Holding Company Limited, a company jointly owned by Mr N And Mrs R Maguire.

9. Ultimate controlling party

Parent Company:

NRLH Holding Company Limited
Henderson Business Centre, Ivy Road, Norwich, Norfolk, United Kingdom, NR5 8BF