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REGISTERED NUMBER: 07895979 (England and Wales)
















GDW Properties Limited

Unaudited Financial Statements

for the Year Ended

31 March 2024






GDW Properties Limited (Registered number: 07895979)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GDW Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G R F Gilbert FCA





REGISTERED OFFICE: 5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL





REGISTERED NUMBER: 07895979 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

GDW Properties Limited (Registered number: 07895979)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 435,000 435,000
435,000 435,000

CURRENT ASSETS
Debtors 6 1,634 352
Cash in hand 2,532 2,850
4,166 3,202
CREDITORS
Amounts falling due within one year 7 15,000 1,534
NET CURRENT (LIABILITIES)/ASSETS (10,834 ) 1,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,166

436,668

CREDITORS
Amounts falling due after more than one
year

8

(299,748

)

(307,143

)

PROVISIONS FOR LIABILITIES (5,783 ) (5,783 )
NET ASSETS 118,635 123,742

CAPITAL AND RESERVES
Called up share capital 9 97 97
Fair value reserve 10 60,502 60,502
Retained earnings 10 58,036 63,143
SHAREHOLDERS' FUNDS 118,635 123,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GDW Properties Limited (Registered number: 07895979)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 12 April 2024 and were signed by:





G R F Gilbert FCA - Director


GDW Properties Limited (Registered number: 07895979)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

GDW Properties 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.

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 represents the gross rentals receivable before related expenses.

Tangible fixed assets
Depreciation is charged on fixtures and fittings based on the assumption they have a 4 year life and that they will have no significant value after the duration of this period.

Investment property
The freehold properties have been acquired wholly as assets to be leased out. They are capitalised at cost inclusive of all refurbishment costs attributable. As they fulfil the definition of investment properties, no depreciation is charged on this category of fixed asset and the properties are appraised each year to include them at market value.

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 NIL (2023 - NIL).

GDW Properties Limited (Registered number: 07895979)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 4,588
DEPRECIATION
At 1 April 2023
and 31 March 2024 4,588
NET BOOK VALUE
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 435,000
NET BOOK VALUE
At 31 March 2024 435,000
At 31 March 2023 435,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 19,370
Valuation in 2016 11,915
Valuation in 2017 13,000
Valuation in 2018 3,000
Valuation in 2021 19,000
Cost 368,715
435,000

The property valuation included in the accounts was based on the review by the director of similar properties being marketed in the local area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 1,198 -
Prepayments 436 352
1,634 352

GDW Properties Limited (Registered number: 07895979)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax - 1,534
Other creditors 15,000 -
15,000 1,534

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 299,748 307,143

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1
96 Ordinary A £1 96 96
97 97

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 63,143 60,502 123,645
Deficit for the year (5,107 ) (5,107 )
At 31 March 2024 58,036 60,502 118,538

11. RELATED PARTY DISCLOSURES

Monies to finance the company's activities came from the director and his family. As these sums are paid back out of profits made, these sums reduce the level of support. Previous advances were partly repaid during the year. However the repairs required by legislation, as reported in prior periods, needed a further injection of funds and at 31 March 2024, the monies owed by the company stood at £314,748 (2023 £307,143). It is forecast that approximately £15,000 should be available during 2024-25 to repay part of these sums and this element is shown as being due within one year.

12. ULTIMATE CONTROLLING PARTY

The controlling party is G R F Gilbert FCA.