Company registration number 14690663 (England and Wales)
GUELDER FIVE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
GUELDER FIVE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GUELDER FIVE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
Notes
£
CURRENT ASSETS
-
Cash at bank and in hand
9,084
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2
(9,084)
NET CURRENT ASSETS
-
0
CAPITAL AND RESERVES
-
Called up share capital
-
0

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 4 October 2024 and are signed on its behalf by:
Thomas Greenall
Director
Company registration number 14690663 (England and Wales)
GUELDER FIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
ACCOUNTING POLICIES
Company information

Guelder Five Limited is a private company limited by shares incorporated in England and Wales. The registered office is 210 Cygnet Court, Centre Park, Warrington, WA1 1PP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

 

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

GUELDER FIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
ACCOUNTING POLICIES
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Other creditors
9,084
3
AUDIT REPORT INFORMATION

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Simon Tee
Statutory Auditor:
Kilsby & Williams LLP
Date of audit report:
4 October 2024
4
PARENT COMPANY

In the opinion of the directors, the ultimate parent co is Three Wishes Limited, a company registered in Hong Kong, which owns 75% of the allotted share capital of the company.

2023-12-312023-02-27false04 October 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedStephen LittlefairThomas GreenallHaydn Fentumfalsefalse146906632023-02-272023-12-31146906632023-12-3114690663core:ShareCapital2023-12-3114690663bus:Director22023-02-272023-12-3114690663core:CurrentFinancialInstruments2023-12-3114690663bus:PrivateLimitedCompanyLtd2023-02-272023-12-3114690663bus:SmallCompaniesRegimeForAccounts2023-02-272023-12-3114690663bus:FRS1022023-02-272023-12-3114690663bus:Audited2023-02-272023-12-3114690663bus:Director12023-02-272023-12-3114690663bus:Director32023-02-272023-12-3114690663bus:FullAccounts2023-02-272023-12-31xbrli:purexbrli:sharesiso4217:GBP