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Company registration number:
12113944
Gm Wealth Management Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2025
Gm Wealth Management Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Gm Wealth Management Ltd
Year ended
31 July 2025
As described on the statement of financial position, the Board of Directors of
Gm Wealth Management Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 July 2025
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Gm Wealth Management Ltd
Statement of Financial Position
31 July 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 5 | 164,876 |  | 164,876 |
Tangible assets | 6 | 5,789 |  | 3,108 |
|  | 170,665 |  | 167,984 |
Current assets |  |  |  |  |
Debtors | 7 | 2 |  | 2 |
Cash at bank and in hand |  | 22,574 |  | 17,494 |
|  | 22,576 |  | 17,496 |
Creditors: amounts falling due within one year | 8 | (115,738 | ) | (113,217 | )
Net current liabilities |  | (93,162 | ) | (95,721 | )
Total assets less current liabilities |  | 77,503 |  | 72,263 |
Creditors: amounts falling due after more than one year | 9 | (33,494 | ) | (44,515 | )
Net assets |  | 44,009 |  | 27,748 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 43,909 |  | 27,648 |
Shareholders funds |  | 44,009 |  | 27,748 |

For the year ending
31 July 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
2 December 2025
, and are signed on behalf of the board by:

G McMorran
Director

Company registration number:
12113944
Gm Wealth Management Ltd
Notes to the Financial Statements
Year ended
31 July 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
63 Regent Street
,
Wrexham
,
LL11 1PF
, Wales.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

## Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment | 25% reducing balance
Fixtures and fittings | 10% reducing balance

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## 4 Average number of employees

The average number of persons employed by the company during the year was
5
(2024:
4
).

## 5 Intangible assets

| Goodwill
--- | ---
| £
Cost |  |
At 1 August 2024 and 31 July 2025 | 196,448 |
Amortisation |  |
At 1 August 2024 and 31 July 2025 | 31,572 |
Carrying amount |  |
At 31 July 2025 | 164,876 |
At 31 July 2024 | 164,876 |

## 6 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 August 2024 | 5,425 |
Additions | 4,192 |
At 31 July 2025 | 9,617 |
Depreciation |  |
At 1 August 2024 | 2,317 |
Charge | 1,511 |
At 31 July 2025 | 3,828 |
Carrying amount |  |
At 31 July 2025 | 5,789 |
At 31 July 2024 | 3,108 |

## 7 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Other debtors | 2 |  | 2 |

## 8 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 2,941 |  | 2,941 |
Taxation and social security | 41,352 |  | 29,558 |
Other creditors | 71,445 |  | 80,718 |
| 115,738 |  | 113,217 |

## 9 Creditors: amounts falling due after more than one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 12,110 |  | 14,216 |
Other creditors | 21,384 |  | 30,299 |
| 33,494 |  | 44,515 |