REGISTERED NUMBER: SO306057 (Scotland)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

GEORGETOWN WEALTH MANAGEMENT LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DESIGNATED MEMBERS:

P Angell

Mrs S Angell

REGISTERED OFFICE:

3rd Floor

33A Gordon Street

Glasgow

G1 3PF

REGISTERED NUMBER:

SO306057 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

4

222,173

155,328

CURRENT ASSETS

Debtors

5

1,000

3,908

Investments

6

37,412

35,407

Cash at bank

42,333

43,898

80,745

83,213

CREDITORS

Amounts falling due within one year

7

(67,879

)

(19,077

)

NET CURRENT ASSETS

12,866

64,136

TOTAL ASSETS LESS CURRENT LIABILITIES

235,039

219,464

CREDITORS

Amounts falling due after more than one year

8

(79,794

)

(95,370

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

155,245

124,094

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

125,245

94,094

MEMBERS' OTHER INTERESTS

Capital accounts

30,000

30,000

155,245

124,094

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

125,245

94,094

Members' other interests

30,000

30,000

155,245

124,094

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2025 and were signed by:

P Angell - Designated member

1.	STATUTORY INFORMATION

Georgetown Wealth Management LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents fee income receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

239,601

Additions

123,887

At 31 March 2025

363,488

DEPRECIATION

At 1 April 2024

84,273

Charge for year

57,042

At 31 March 2025

141,315

NET BOOK VALUE

At 31 March 2025

222,173

At 31 March 2024

155,328

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,000

3,908

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

37,412

35,407

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

15,576

15,576

Taxation and social security

7,253

3,417

Other creditors

45,050

84

67,879

19,077

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

79,794

95,370

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' rank after sums due to other creditors.

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to seven and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

30 September 2025