REGISTERED NUMBER: 07595271 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Wallis Wealth Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs R Gascoyne

REGISTERED OFFICE:

48 High Beeches

Gerrards Cross

Buckinghamshire

SL9 7HY

REGISTERED NUMBER:

07595271 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,941

1,873

Investments

6

1

-

1,942

1,873

CURRENT ASSETS

Debtors

7

1,190

999

Investments

8

86,916

83,556

Cash at bank

95,139

109,875

183,245

194,430

CREDITORS

Amounts falling due within one year

9

(30,540

)

(45,597

)

NET CURRENT ASSETS

152,705

148,833

TOTAL ASSETS LESS CURRENT LIABILITIES

154,647

150,706

PROVISIONS FOR LIABILITIES

(485

)

(473

)

NET ASSETS

154,162

150,233

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

154,062

150,133

154,162

150,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2026 and were signed by:

Mrs R Gascoyne - Director

1.	STATUTORY INFORMATION

Wallis Wealth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover

Turnover relates to income earned in respect of financial services and comprises initial fees and commission receivable at the outset of a policy renewal, commission receivable on regular contributions, trail commission based on funds under management and ongoing adviser charges. Income is recognised when the company has the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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

-

25% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Unlisted investments in Limited Liability Partnerships are recognised as fixed asset investments at cost less any accumulated impairment losses. The Company reviews the carrying amount at each reporting date for indicators of impairment and recognises any impairment loss in the Profit and Loss Account.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

10,250

AMORTISATION

At 1 May 2024

and 30 April 2025

10,250

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

8,414

Additions

2,342

Disposals

(8,414

)

At 30 April 2025

2,342

DEPRECIATION

At 1 May 2024

6,541

Charge for year

1,141

Eliminated on disposal

(7,281

)

At 30 April 2025

401

NET BOOK VALUE

At 30 April 2025

1,941

At 30 April 2024

1,873

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

1

At 30 April 2025

1

NET BOOK VALUE

At 30 April 2025

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,190

999

8.	CURRENT ASSET INVESTMENTS

30.4.25

30.4.24

£

£

Unlisted investments

86,916

83,556

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

572

-

Taxation and social security

20,832

34,447

Other creditors

9,136

11,150

30,540

45,597

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R Gascoyne.