IRIS Accounts Production v23.3.0.418 12474447 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124744472022-02-28124744472023-02-28124744472022-03-012023-02-28124744472021-02-28124744472021-03-012022-02-28124744472022-02-2812474447ns10:Originalns15:EnglandWales2022-03-012023-02-2812474447ns14:PoundSterlingns10:Original2022-03-012023-02-2812474447ns10:Originalns10:Director12022-03-012023-02-2812474447ns10:Original2022-03-012023-02-2812474447ns10:Original2023-02-2812474447ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2812474447ns10:Originalns10:SmallEntities2022-03-012023-02-2812474447ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2812474447ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2812474447ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2812474447ns10:Originalns10:FullAccounts2022-03-012023-02-2812474447ns10:Originalns10:Director22022-03-012023-02-2812474447ns10:Originalns10:RegisteredOffice2022-03-012023-02-2812474447ns10:Original2022-02-2812474447ns10:Originalns5:CurrentFinancialInstruments2023-02-2812474447ns10:Originalns5:CurrentFinancialInstruments2022-02-2812474447ns10:Originalns5:Non-currentFinancialInstruments2023-02-2812474447ns10:Originalns5:Non-currentFinancialInstruments2022-02-2812474447ns5:ShareCapitalns10:Original2023-02-2812474447ns5:ShareCapitalns10:Original2022-02-2812474447ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2812474447ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2812474447ns10:Original2021-03-012022-02-2812474447ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-02-2812474447ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2023-02-2812474447ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-02-2812474447ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2812474447ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2812474447ns5:Securedns10:Original2023-02-2812474447ns5:Securedns10:Original2022-02-28
REGISTERED NUMBER: 12474447 (England and Wales)















GIW Property Limited

Unaudited Financial Statements

for the year ended

28 February 2023






GIW Property Limited (Registered number: 12474447)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


GIW Property Limited

Company Information
for the year ended 28 February 2023







DIRECTORS: M Whinney
Mrs D W Whinney





REGISTERED OFFICE: 18 Merchland Road
London
SE9 2BH





REGISTERED NUMBER: 12474447 (England and Wales)

GIW Property Limited (Registered number: 12474447)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 285,567 285,567

CURRENT ASSETS
Debtors 5 1,875 99
Cash at bank 793 180
2,668 279
CREDITORS
Amounts falling due within one year 6 (91,222 ) (89,063 )
NET CURRENT LIABILITIES (88,554 ) (88,784 )
TOTAL ASSETS LESS CURRENT LIABILITIES 197,013 196,783

CREDITORS
Amounts falling due after more than one year 7 (204,905 ) (204,905 )
NET LIABILITIES (7,892 ) (8,122 )

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings (7,991 ) (8,221 )
(7,892 ) (8,122 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





M Whinney - Director


GIW Property Limited (Registered number: 12474447)

Notes to the Financial Statements
for the year ended 28 February 2023


1. STATUTORY INFORMATION

GIW Property Limited 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.

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


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 March 2022
and 28 February 2023 285,567
NET BOOK VALUE
At 28 February 2023 285,567
At 28 February 2022 285,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,875 99

GIW Property Limited (Registered number: 12474447)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 91,222 89,063

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 204,905 204,905

Amounts falling due in more than five years:

Repayable by instalments
Other loans after 1 year 204,905 204,905

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 204,905 204,905

The loan is secured on the property to which it relates.

9. RELATED PARTY DISCLOSURES

There is a loan from the directors of £83,857 (2022 £82,607). The amount is interest free, unsecured and repayable on demand.