Gladwin Limited 09361597 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property consultancy and other related services. Digita Accounts Production Advanced 6.30.9574.0 true true 09361597 2023-01-01 2023-12-31 09361597 2023-12-31 09361597 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-12-31 09361597 core:RetainedEarningsAccumulatedLosses 2023-12-31 09361597 core:ShareCapital 2023-12-31 09361597 core:CurrentFinancialInstruments 2023-12-31 09361597 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09361597 core:Non-currentFinancialInstruments 2023-12-31 09361597 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 09361597 core:FurnitureFittingsToolsEquipment 2023-12-31 09361597 bus:SmallEntities 2023-01-01 2023-12-31 09361597 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09361597 bus:FilletedAccounts 2023-01-01 2023-12-31 09361597 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09361597 bus:RegisteredOffice 2023-01-01 2023-12-31 09361597 bus:Director1 2023-01-01 2023-12-31 09361597 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-01-01 2023-12-31 09361597 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09361597 core:FurnitureFittings 2023-01-01 2023-12-31 09361597 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 09361597 countries:England 2023-01-01 2023-12-31 09361597 2022-12-31 09361597 core:FurnitureFittingsToolsEquipment 2022-12-31 09361597 2022-01-01 2022-12-31 09361597 2022-12-31 09361597 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-12-31 09361597 core:RetainedEarningsAccumulatedLosses 2022-12-31 09361597 core:ShareCapital 2022-12-31 09361597 core:CurrentFinancialInstruments 2022-12-31 09361597 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09361597 core:Non-currentFinancialInstruments 2022-12-31 09361597 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 09361597 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09361597

Gladwin Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Gladwin Limited

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Gladwin Limited

Registration number: 09361597

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

676

901

Current assets

 

Debtors

6

99,853

101,426

Cash at bank and in hand

 

1,352

5,355

 

101,205

106,781

Creditors: Amounts falling due within one year

7

(81,894)

(85,339)

Net current assets

 

19,311

21,442

Total assets less current liabilities

 

19,987

22,343

Creditors: Amounts falling due after more than one year

7

(20,669)

(25,095)

Net liabilities

 

(682)

(2,752)

Capital and reserves

 

Called up share capital

8

300

300

Retained earnings

(982)

(3,052)

Shareholders' deficit

 

(682)

(2,752)



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

Gladwin Limited

Registration number: 09361597

Balance Sheet as at 31 December 2023 (continued)

For the financial 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.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2024 and signed on its behalf by:
 

T Winch-Furness
Director

   
     

 

Gladwin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
8 The Erins
Denmark Road
Norwich
Norfolk
NR3 4JP
United Kingdom

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 

Gladwin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Going concern

At the end of the year the company had net liabilities of £682. The continuation of the company's activities is dependent on the continued financial support of its director. The financial statements have been prepared on the going concern basis on the understanding that their financial support will continue.

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.

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

Furniture, fittings and equipment

25% reducing balance

 

Gladwin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

225

300

 

Gladwin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

3,103

3,103

At 31 December 2023

3,103

3,103

Depreciation

At 1 January 2023

2,202

2,202

Charge for the year

225

225

At 31 December 2023

2,427

2,427

Carrying amount

At 31 December 2023

676

676

At 31 December 2022

901

901

6

Debtors

Current

2023
£

2022
£

Trade debtors

3,854

777

Prepayments and accrued income

60,000

60,000

Other debtors

35,999

40,649

 

99,853

101,426

 

Gladwin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

9

9,785

9,785

Directors loan account

29,124

33,027

Taxation and social security

 

315

-

Other creditors

 

42,670

42,527

 

81,894

85,339

Due after one year

 

Loans and borrowings

9

20,669

25,095

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

20,669

25,095

 

Gladwin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

300

300

300

300

       

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

20,669

25,095

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,785

9,785