Company Registration No. SC082861 (Scotland)
GWB Properties Limited
Unaudited accounts
for the year ended 31 December 2023
GWB Properties Limited
Unaudited accounts
Contents
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
GWB Properties Limited
Statement of financial position
as at 31 December 2023
Investments
564,294
1,111,861
Cash at bank and in hand
62,182
45,674
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
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
GWB Properties Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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)
Valuation at 31 December 2023
564,294
Amounts falling due within one year
Deferred tax asset
-
36,327
Amounts falling due after more than one year
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
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).