REGISTERED NUMBER: 12540277 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GRACECHURCH WEALTH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R E Bevan

D A Hine

REGISTERED OFFICE:

Efx House

1 Boycott Avenue

Oldbrook

Milton Keynes

Buckinghamshire

MK6 2RW

REGISTERED NUMBER:

12540277 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Intangible assets

4

22,750

138,250

CURRENT ASSETS

Cash in hand

2

2

CREDITORS

Amounts falling due within one year

5

(171,187

)

(212,568

)

NET CURRENT LIABILITIES

(171,185

)

(212,566

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(148,435

)

(74,316

)

CREDITORS

Amounts falling due after more than one year

6

-

(20,000

)

NET LIABILITIES

(148,435

)

(94,316

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(148,437

)

(94,318

)

(148,435

)

(94,316

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

J R E Bevan - Director

1.	STATUTORY INFORMATION

Gracechurch Wealth Limited is a limited company, registered in England and Wales. Its registered office address is Efx House 1 Boycott Avenue, Oldbrook, Milton Keynes, Buckinghamshire, England, MK6 2RW and the registered number is 12540277.

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.

The presentation currency of the financial statements is Pound Sterling (£) and figures have been rounded to the nearest £1.

Going concern

At 31 March 2025 the company has net current liabilities of £171,185 (2024: £212,566) and net liabilities of £148,435 (2024: £94,316). The directors have considered this and they have confirmed that they will continue to support the company for at least the next twelve months and will not demand repayment of the directors' loan account balances until sufficient funds are available.

Turnover

Revenue is derived from financial intermediation services and is recognised in the accounting period in which the services are rendered, excluding value added tax.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Intangible assets

Intangible assets comprise an acquired customer bank. The useful life of this customer bank is estimated by the directors to be three years and has been amortised on a straight line basis over this period.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

350,000

AMORTISATION

At 1 April 2024

211,750

Charge for year

115,500

At 31 March 2025

327,250

NET BOOK VALUE

At 31 March 2025

22,750

At 31 March 2024

138,250

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

17,006

18,243

Other creditors

154,181

194,325

171,187

212,568

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

20,000