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REGISTERED NUMBER: 10697845 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

G & A WARD PROPERTY INVESTMENTS LIMITED

G & A WARD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10697845)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


G & A WARD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10697845)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investment property 4 2,850,000 1,949,115

Current assets
Debtors 5 60,601 131,216
Cash at bank 41,038 70,563
101,639 201,779
Creditors
Amounts falling due within one year 6 867,471 982,338
Net current liabilities (765,832 ) (780,559 )
Total assets less current liabilities 2,084,168 1,168,556

Creditors
Amounts falling due after more than one year 7 (1,088,263 ) (1,127,361 )

Provisions for liabilities 9 (245,220 ) -
Net assets 750,685 41,195

Capital and reserves
Called up share capital 10 100 100
Fair value reserve 11 664,255 -
Retained earnings 86,330 41,095
Shareholders' funds 750,685 41,195

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.

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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:




Mr G B Ward - Director


G & A WARD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10697845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

G&A Ward Property Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10697845. The registered office is 7&8 Church Street, Wimborne, BH21 1JH and business address is Amblemead, Broomhill, Wimborne, BH21 7AR.

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.

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 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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

G & A WARD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10697845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Investment property
Total
£   
Fair value
At 1 April 2023 1,949,115
Additions 15,211
Revaluations 885,674
At 31 March 2024 2,850,000
Net book value
At 31 March 2024 2,850,000
At 31 March 2023 1,949,115

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 885,674
Cost 1,964,326
2,850,000

The director has valued the investment property based on current market conditions as at 31/03/2024.

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 6,326 5,950
Amounts owed by group undertakings 54,275 125,266
60,601 131,216

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 40,215 38,311
Trade creditors 2,705 57
Amounts owed to group undertakings 678,682 663,301
Tax 6,851 2,961
VAT 12,369 8,281
Other creditors 82,772 226,449
Accruals and deferred income 43,877 42,978
867,471 982,338

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 42,657 40,215
Bank loans - 2-5 years 1,045,606 1,087,146
1,088,263 1,127,361

G & A WARD PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10697845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,128,478 1,165,672

All monies due to or to become due to Lloyds Bank PLC are secured by way of a fixed and floating charge over all the assets of the company, dated 24/03/2022.

There is a legal mortgage held by Lloyds Bank PLC which is secured by way of a fixed and floating charge over Units 1-4, 5 & 7 Westcroft Business Park, Wimborne, dated 19/01/2022.

There is a legal mortgage held by Lloyds Bank PLC which is secured by way of a fixed and floating charge over Units 6-10 Westcroft Business Park, Wimborne, dated 25/04/2022

There is a legal mortgage held by Lloyds Bank PLC which is secured by way of a fixed and floating charge over Units 11-14 Westcroft Business Park, Wimborne, dated 09/12/2022

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 245,220 -

Deferred
tax
£   
Accelerated capital allowances 23,801
Revaluation 221,419
Balance at 31 March 2024 245,220

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. Reserves
Fair
value
reserve
£   
Investment property revaluation 664,255

At 31 March 2024 664,255

12. Ultimate controlling party

The company is controlled by Mr & Mrs G Ward by virtue of their shareholding in the parent company, Dorset Holdings Limited.