GWS Estates Ltd 10661837 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Property Investment Company Digita Accounts Production Advanced 6.30.9574.0 true true 10661837 2023-04-01 2024-03-31 10661837 2024-03-31 10661837 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 10661837 core:CurrentFinancialInstruments 2024-03-31 10661837 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10661837 core:Non-currentFinancialInstruments 2024-03-31 10661837 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10661837 core:FurnitureFittingsToolsEquipment 2024-03-31 10661837 bus:SmallEntities 2023-04-01 2024-03-31 10661837 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10661837 bus:FilletedAccounts 2023-04-01 2024-03-31 10661837 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10661837 bus:RegisteredOffice 2023-04-01 2024-03-31 10661837 bus:Director1 2023-04-01 2024-03-31 10661837 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-01 2024-03-31 10661837 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10661837 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 10661837 countries:UnitedKingdom 2023-04-01 2024-03-31 10661837 2023-03-31 10661837 core:FurnitureFittingsToolsEquipment 2023-03-31 10661837 2022-04-01 2023-03-31 10661837 2023-03-31 10661837 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 10661837 core:CurrentFinancialInstruments 2023-03-31 10661837 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10661837 core:Non-currentFinancialInstruments 2023-03-31 10661837 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10661837 core:FurnitureFittingsToolsEquipment 2023-03-31 10661837 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10661837

GWS Estates Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

GWS Estates Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

GWS Estates Ltd

Company Information

Director

Mr Tim J Sisson

Registered office

36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE

Accountants

AIMS Accountants for Business
36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE

 

GWS Estates Ltd

(Registration number: 10661837)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1

56

Investment property

5

58,219

222,219

 

58,220

222,275

Current assets

 

Debtors

6

3,928

1

Investments

7

36,123

34,675

Cash at bank and in hand

 

280,993

215,122

 

321,044

249,798

Creditors: Amounts falling due within one year

8

(3,583)

(89,566)

Net current assets

 

317,461

160,232

Total assets less current liabilities

 

375,681

382,507

Creditors: Amounts falling due after more than one year

8

(25,902)

(35,650)

Net assets

 

349,779

346,857

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

349,778

346,856

Shareholders' funds

 

349,779

346,857

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 August 2024
 

 

GWS Estates Ltd

(Registration number: 10661837)
Balance Sheet as at 31 March 2024

.........................................
Mr Tim J Sisson
Director

 

GWS Estates Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
36 Wattleton Road
Beaconsfield
Bucks
HP9 1SE
United Kingdom

These financial statements were authorised for issue by the director on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

GWS Estates Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% SL

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

 

GWS Estates Ltd

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 a present value basis.

Dividends

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

GWS Estates Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

313

313

At 31 March 2024

313

313

Depreciation

At 1 April 2023

257

257

Charge for the year

55

55

At 31 March 2024

312

312

Carrying amount

At 31 March 2024

1

1

At 31 March 2023

56

56

5

Investment properties

2024
£

At 1 April

222,219

Disposals

(164,000)

At 31 March

58,219

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Other debtors

3,928

1

 

3,928

1

7

Current asset investments

2024
£

2023
£

Other investments

36,123

34,675

Listed investments

 

GWS Estates Ltd

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

Investments having a net book value of £36,123 (31 March 2023 - £34,675) are listed on a recognised stock exchange and had a market value of £38,306 at the end of the year (31 March 2023 - £34,411).

 

GWS Estates Ltd

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

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,569

-

Taxation and social security

1,223

76,935

Accruals and deferred income

791

792

Other creditors

-

11,839

3,583

89,566

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

25,902

35,650

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

25,902

35,650

11

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £1,000.00 (2023 - £2,000.00) per each Ordinary

1,000

2,000