REGISTERED NUMBER: SC502234 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

FOR

CHRIS NESS WEALTH MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Ness

SECRETARY:

Mrs S McEwan

REGISTERED OFFICE:

29 Hopetoun Terrace

Gullane

East Lothian

EH31 2DD

REGISTERED NUMBER:

SC502234 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Bank of Scotland plc

47 High Street

Dalkeith

Midlothian

EH22 1JA

FIXED ASSETS

Intangible assets

4

8,910

19,815

Tangible assets

5

381

-

9,291

19,815

CURRENT ASSETS

Debtors

6

4,516

3,661

Prepayments and accrued income

20,444

23,919

Cash at bank

21,729

13,164

46,689

40,744

CREDITORS

Amounts falling due within one year

7

28,110

35,254

NET CURRENT ASSETS

18,579

5,490

TOTAL ASSETS LESS CURRENT LIABILITIES

27,870

25,305

CREDITORS

Amounts falling due after more than one year

8

-

209

NET ASSETS

27,870

25,096

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,770

24,996

SHAREHOLDERS' FUNDS

27,870

25,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 20 August 2026 and were signed by:

C Ness - Director

1.	STATUTORY INFORMATION

Chris Ness Wealth Management Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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

Turnover consists of the sales value, excluding VAT, of work undertaken in the period falling within the company's ordinary activities to supply services to third parties.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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

-

33% on cost

Financial instruments

Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

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.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

132,424

AMORTISATION

At 1 May 2025

112,609

Charge for year

10,905

At 30 April 2026

123,514

NET BOOK VALUE

At 30 April 2026

8,910

At 30 April 2025

19,815

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2025

1,275

Additions

571

At 30 April 2026

1,846

DEPRECIATION

At 1 May 2025

1,275

Charge for year

190

At 30 April 2026

1,465

NET BOOK VALUE

At 30 April 2026

381

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

4,253

3,661

Other debtors

263

-

4,516

3,661

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

22,075

20,308

Other creditors

6,035

14,946

28,110

35,254

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

-

209

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Other loans

208

10,347

Interest is charged on these loans at 3.5% over The Bank of England base rate. The company has granted a security over the assets and undertakings of the company in respect of these loans. The director has provided personal guarantees.

10.	BOUNCE BACK LOAN SCHEME

The company borrowed £20,000 under the Governments Bounce Back Loan Scheme. Under the scheme the Government provides the bank with a guarantee that the loan will be repaid in full. Interest is charged at the rate of 2.5% and the loan is repayable by installments as detailed below.

2026

2025

£

£

< 1 year

208

2,499

2-5 years

-

209

> 5 years

-

-

208

2,708