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Company Registration No. SC082861 (Scotland)
GWB Properties Limited Unaudited accounts for the year ended 31 December 2023
GWB Properties Limited Unaudited accounts Contents
Page
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GWB Properties Limited Company Information for the year ended 31 December 2023
Directors
Gordon Beith Kathleen Beith
Company Number
SC082861 (Scotland)
Registered Office
6 South Road Clarkston Glasgow G76 8JB United Kingdom
Accountants
Lavelle Business Consultancy Ltd 1 Woodlands Gate Thornliebank Glasgow G46 7SS
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GWB Properties Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
564,294 
1,111,861 
Current assets
Debtors
490,000 
36,327 
Cash at bank and in hand
62,182 
45,674 
552,182 
82,001 
Creditors: amounts falling due within one year
(15,627)
(26,578)
Net current assets
536,555 
55,423 
Net assets
1,100,849 
1,167,284 
Capital and reserves
Called up share capital
16,714 
16,714 
Share premium
14,298 
14,298 
Profit and loss account
1,069,837 
1,136,272 
Shareholders' funds
1,100,849 
1,167,284 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2024 and were signed on its behalf by
Gordon Beith Director Company Registration No. SC082861
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GWB Properties Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
GWB Properties Limited is a private company, limited by shares, registered in Scotland, registration number SC082861. The registered office is 6 South Road, Clarkston, Glasgow, G76 8JB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investments
Other investments 
£ 
Valuation at 1 January 2023
1,111,861 
Fair value adjustments
(7,066)
Disposals
(540,501)
Valuation at 31 December 2023
564,294 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
36,327 
Amounts falling due after more than one year
Other debtors
490,000 
- 
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GWB Properties Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,479 
- 
Loans from directors
10,648 
22,278 
Accruals
2,500 
4,300 
15,627 
26,578 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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