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REGISTERED NUMBER: 02467842 (England and Wales)















G.M.W. ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






G.M.W. ESTATES LIMITED (REGISTERED NUMBER: 02467842)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.M.W. ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: G W Roberts
Mrs M L Roberts
J S Jackson
M R J Roberts
S J Roberts



SECRETARY: J S Jackson



REGISTERED OFFICE: 60 - 64 Chapel Street
Wincham
Northwich
Cheshire
CW9 6DA



REGISTERED NUMBER: 02467842 (England and Wales)



ACCOUNTANTS: Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU



BANKERS: NatWest
The Bull Ring
Northwich
Cheshire
CW9 5BN

G.M.W. ESTATES LIMITED (REGISTERED NUMBER: 02467842)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 660,080 669,262

CURRENT ASSETS
Debtors 5 815,836 886,131
Cash at bank 2,556 3,252
818,392 889,383
CREDITORS
Amounts falling due within one year 6 53,055 69,284
NET CURRENT ASSETS 765,337 820,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,425,417

1,489,361

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,415,417 1,479,361
SHAREHOLDERS' FUNDS 1,425,417 1,489,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

G.M.W. ESTATES LIMITED (REGISTERED NUMBER: 02467842)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:




M R J Roberts - Director



J S Jackson - Director


G.M.W. ESTATES LIMITED (REGISTERED NUMBER: 02467842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

G.M.W. Estates 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 (which excludes VAT) represents disposal of mobile homes, for which contracts of sale have been entered into, together with goods sold and delivered, during the financial year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost of buildings
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

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.

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.

G.M.W. ESTATES LIMITED (REGISTERED NUMBER: 02467842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of the business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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 the present value basis.

Dividends
A 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.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present obligation at the end of the reporting period, and are discounted to present value where the effect is material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

G.M.W. ESTATES LIMITED (REGISTERED NUMBER: 02467842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Land and Computer
buildings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 707,937 3,732 711,669
DEPRECIATION
At 1 October 2022 38,675 3,732 42,407
Charge for year 9,182 - 9,182
At 30 September 2023 47,857 3,732 51,589
NET BOOK VALUE
At 30 September 2023 660,080 - 660,080
At 30 September 2022 669,262 - 669,262

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 44,068 40,168
U Lock-It Limited 300,887 374,174
VAT 18 -
Prepayments 621 1,547
345,594 415,889

Amounts falling due after more than one year:
Other debtors 470,242 470,242

Aggregate amounts 815,836 886,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 239 314
Social security and other taxes - 94
W R Roberts & Sons (Scrapyard) 24,208 21,496
Directors' current accounts 27,408 46,180
Accrued expenses 1,200 1,200
53,055 69,284