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Registration number: 4283525

GW (St. Botolph's House) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

GW (St. Botolph's House) Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 6

 

GW (St. Botolph's House) Limited

Company Information

Directors

N A Kirkham

Dr J G Holdcroft

Company secretary

N A Kirkham

Registered office

St Botolphs House
7-9 St Botolphs Road
Sevenoaks
Kent
TN13 3AJ

Accountants

DSK Partners LLP
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG

 

GW (St. Botolph's House) Limited

(Registration number: 4283525)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

1,450,000

1,450,000

Current assets

 

Cash at bank and in hand

 

41,116

31,450

Creditors: Amounts falling due within one year

5

(47,688)

(47,607)

Net current liabilities

 

(6,572)

(16,157)

Total assets less current liabilities

 

1,443,428

1,433,843

Creditors: Amounts falling due after more than one year

5

(75,000)

(75,000)

Net assets

 

1,368,428

1,358,843

Capital and reserves

 

Called up share capital

1,100

1,100

Other reserves

375,000

375,000

Retained earnings

992,328

982,743

Shareholders' funds

 

1,368,428

1,358,843

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 3 July 2023 and signed on its behalf by:
 

N A Kirkham
Company secretary and director

Dr J G Holdcroft
Director

 
     
 

GW (St. Botolph's House) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Botolphs House
7-9 St Botolphs Road
Sevenoaks
Kent
TN13 3AJ

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

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

GW (St. Botolph's House) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing difference between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferredvtax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable prrofits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and tht are expected to apply to the reversal of timing difference.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

GW (St. Botolph's House) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

4

Investment properties

2023
£

At 1 April

1,450,000

At 31 March

1,450,000

The Companies Act 2006 requires that Fixed Assets are depreciated over their useful economic lives, however, in the case of Investment Properties the Financial Reporting Standard 102 states that this accounting treatment would not show a true and fair view and that Investment Properties should be shown at their market value. Accordingly, depreciation has not been charged.

If investment property had not been revalued it would have been included at the following historical cost of £1,075,000 (2022 : £1,075,000) with aggregate depreciation of £247,250 (2022 : £236,500)

Investment property was valued on a rental basis on 31 March 2023 by the directors.

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

22,544

22,537

Accruals and deferred income

23,313

23,313

Other creditors

1,831

1,757

47,688

47,607

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

75,000

75,000

6

Related party transactions

Loans and borrowings includes a loan of £75,000 from Mr J G Kirkham. Interest of £5,625 was paid to Mr Kirkham during the year.

 

GW (St. Botolph's House) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)

7

Ultimate Controlling Party

The controlling party is Dr J G Holdcroft