Company No: 03559751 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Neil Andrew Maguire

SECRETARY

Rachel Maguire

REGISTERED OFFICE	Henderson Business Centre
	Ivy Road
	Norwich
	NR5 8BF
	United Kingdom

COMPANY NUMBER

03559751 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2023		2022
		£		£
Fixed assets
Tangible assets	3	11,898		12,398
		11,898		12,398
Current assets
Debtors	4	707,884		974,286
Cash at bank and in hand		388,088		217,085
		1,095,972		1,191,371
Creditors: amounts falling due within one year	5	( 169,081)		( 195,249)
Net current assets		926,891		996,122
Total assets less current liabilities		938,789		1,008,520
Creditors: amounts falling due after more than one year	6	( 99,800)		( 162,300)
Net assets		838,989		846,220
Capital and reserves
Called-up share capital	7	100,000		100,000
Profit and loss account		738,989		746,220
Total shareholder's funds		838,989		846,220

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Via Wealth Limited (registered number: 03559751) were approved and authorised for issue by the Director on 17 October 2023. They were signed on its behalf by:

Neil Andrew Maguire Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Via Wealth Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Henderson Business Centre, Ivy Road, Norwich, NR5 8BF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		3

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 September 2022	71,623		71,623
Additions	2,785		2,785
At 31 August 2023	74,408		74,408
Accumulated depreciation
At 01 September 2022	59,225		59,225
Charge for the financial year	3,285		3,285
At 31 August 2023	62,510		62,510
Net book value
At 31 August 2023	11,898		11,898
At 31 August 2022	12,398		12,398

4. Debtors

	2023		2022
	£		£
Trade debtors	7,974		16,097
Amounts owed by Parent undertakings	685,676		931,206
Other debtors	14,234		26,983
	707,884		974,286

5. Creditors: amounts falling due within one year

	2023		2022
	£		£
Bank overdrafts	0		7,791
Trade creditors	798		1,283
Taxation and social security	100,107		90,890
Other creditors	68,176		95,285
	169,081		195,249

6. Creditors: amounts falling due after more than one year

	2023		2022
	£		£
Other creditors	99,800		162,300

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2023		2022
	£		£
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 1.00 each	100,000		100,000

8. Related party transactions

Transactions with owners holding a participating interest in the entity

At the year end the company was owed £685,676 (2022 - £931,206) from NRLH Holding Company Limited, a company jointly owned by Mr N And Mrs R Maguire.

9. Ultimate controlling party

Parent Company:

NRLH Holding Company Limited

Henderson Business Centre, Ivy Road, Norwich, Norfolk, United Kingdom, NR5 8BF