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G & W PROPERTY DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023






G & W PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10132515)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & W PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023







DIRECTOR: N Gallier





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 10132515 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

G & W PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10132515)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47 70
Investment property 5 - 218,000
47 218,070

CURRENT ASSETS
Debtors 6 41,948 19,004
Cash at bank 1,152 118
43,100 19,122
CREDITORS
Amounts falling due within one year 7 40,681 278,086
NET CURRENT ASSETS/(LIABILITIES) 2,419 (258,964 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,466 (40,894 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 (41,541 ) (41,541 )
Retained earnings 43,907 547
SHAREHOLDERS' FUNDS 2,466 (40,894 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 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.

G & W PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10132515)

BALANCE SHEET - continued
31 AUGUST 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2024 and were signed by:





N Gallier - Director


G & W PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10132515)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023


1. STATUTORY INFORMATION

G & W Property Developments 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 as modified by the revaluation of certain assets.

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.
Computer equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

G & W PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10132515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 31 August 2023 340
DEPRECIATION
At 1 May 2022 270
Charge for period 23
At 31 August 2023 293
NET BOOK VALUE
At 31 August 2023 47
At 30 April 2022 70

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 218,000
Disposals (218,000 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 30 April 2022 218,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2020 (55,541 )
Valuation in 2021 14,000
(41,541 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 41,948 19,004

G & W PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10132515)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 31 AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 40,681 278,086

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 31 August 2023 (41,541 )