REGISTERED NUMBER: 09456850 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

Generation Wealth Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Director:

Mrs S Ross

Registered office:

4 The Old Water Mill

Westford

Wellington

Somerset

Devon

TA21 0DJ

Registered number:

09456850 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

5,655

1,877

Current assets

Debtors

5

90,753

62,499

Cash at bank

165,148

132,862

255,901

195,361

Creditors

Amounts falling due within one year

6

56,030

46,378

Net current assets

199,871

148,983

Total assets less current liabilities

205,526

150,860

Provisions for liabilities

7

750

750

Net assets

204,776

150,110

Capital and reserves

Called up share capital

8

15,020

15,020

Retained earnings

9

189,756

135,090

Shareholders' funds

204,776

150,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the board of directors the director and authorised for issue on 4 June 2026 and were signed by:

Mrs S Ross - Director

1.	STATUTORY INFORMATION

Generation Wealth Ltd 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.

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.

Turnover

Income is measured at the fair value of the consideration receivable in respect of services provided and is recognised at the point of delivery of the service.

The delivery of the service is the point at which the relevant client policy is accepted by the product provider and commission becomes due.

Tangible fixed assets

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

Office equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determind using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

Cost

At 1 April 2025

30,902

Additions

2,236

At 31 March 2026

33,138

Depreciation

At 1 April 2025

29,025

Charge for year

(1,542

)

At 31 March 2026

27,483

Net book value

At 31 March 2026

5,655

At 31 March 2025

1,877

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

9,549

9,424

Amounts owed by group undertakings

78,350

53,075

Prepayments

2,854

-

90,753

62,499

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Corporation tax

44,250

34,530

Social security and other taxes

3,335

3,140

Accrued expenses

8,445

8,708

56,030

46,378

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

750

750

Deferred

tax

£

Balance at 1 April 2025

750

Balance at 31 March 2026

750

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

15,000

Ordinary shares

£1

15,000

15,000

10

Ordinary 'M' shares

£1

10

10

10

Ordinary 'S' shares

£1

10

10

15,020

15,020

9.

RESERVES

Retained

earnings

£

At 1 April 2025

135,090

Profit for the year

140,666

Dividends

(86,000

)

At 31 March 2026

189,756

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of Generation Wealth Holdings Limited.

Generation Wealth Holdings Limited is ultimately controlled by the director, S Ross.