REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 7th December 2020 to 31st March 2022 |
for |
GW (2010) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 7th December 2020 to 31st March 2022 |
for |
GW (2010) Limited |
GW (2010) Limited (Registered number: 13068588) |
Contents of the Financial Statements |
for the Period 7th December 2020 to 31st March 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GW (2010) Limited |
Company Information |
for the Period 7th December 2020 to 31st March 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank House |
Market Square |
Congleton |
Cheshire |
CW12 1ET |
GW (2010) Limited (Registered number: 13068588) |
Abridged Balance Sheet |
31st March 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 5 |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GW (2010) Limited (Registered number: 13068588) |
Notes to the Financial Statements |
for the Period 7th December 2020 to 31st March 2022 |
1. | STATUTORY INFORMATION |
GW (2010) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31st March 2022 |
NET BOOK VALUE |
At 31st March 2022 |
The land was transferred for no consideration on the 14th October 2021, however it had been valued by David Walker Limited on the 31 March 2021 for £924,000. The directors believe there has been no material change in the value of the land as at the 31st March 2022.The £924,000 has been treated as the cost value and posted to the fair value reserve as per FRS102. |
GW (2010) Limited (Registered number: 13068588) |
Notes to the Financial Statements - continued |
for the Period 7th December 2020 to 31st March 2022 |
5. | RESERVES |
Fair |
value |
reserve |
£ |
Fair value of land transfer | 924,000 |
At 31st March 2022 |