Silverfin false false 31/03/2024 01/04/2023 31/03/2024 W Bowen 19/08/2014 G A Doble 19/08/2014 10 October 2024 The principal activity of the company during the year was that of property development. 09180758 2024-03-31 09180758 bus:Director1 2024-03-31 09180758 bus:Director2 2024-03-31 09180758 2023-03-31 09180758 core:CurrentFinancialInstruments 2024-03-31 09180758 core:CurrentFinancialInstruments 2023-03-31 09180758 core:ShareCapital 2024-03-31 09180758 core:ShareCapital 2023-03-31 09180758 core:RetainedEarningsAccumulatedLosses 2024-03-31 09180758 core:RetainedEarningsAccumulatedLosses 2023-03-31 09180758 2023-04-01 2024-03-31 09180758 bus:FilletedAccounts 2023-04-01 2024-03-31 09180758 bus:SmallEntities 2023-04-01 2024-03-31 09180758 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09180758 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09180758 bus:Director1 2023-04-01 2024-03-31 09180758 bus:Director2 2023-04-01 2024-03-31 09180758 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 09180758 (England and Wales)

GD & WB PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

GD & WB PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

GD & WB PROPERTIES LIMITED

BALANCE SHEET

As at 31 March 2024
GD & WB PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Current assets
Stocks 3 10,000 10,000
Debtors 4 3,543 3,333
Cash at bank and in hand 7,795 9,343
21,338 22,676
Creditors: amounts falling due within one year 5 ( 24,993) ( 24,938)
Net current liabilities (3,655) (2,262)
Total assets less current liabilities (3,655) (2,262)
Net liabilities ( 3,655) ( 2,262)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 3,755 ) ( 2,362 )
Total shareholders' deficit ( 3,655) ( 2,262)

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.

Directors' responsibilities:

The financial statements of GD & WB Properties Limited (registered number: 09180758) were approved and authorised for issue by the Board of Directors on 10 October 2024. They were signed on its behalf by:

W Bowen
Director
G A Doble
Director
GD & WB PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
GD & WB PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

GD & WB Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom. The principal place of business is Ham Lane, Compton Dundon, Nr Somerton, Somerset, TA11 6PQ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The company has net liabilities at the balance sheet date. The company is reliant upon the support of a director who has agreed that their loan to the company will not be repaid unless the company has sufficient funds to meet all other liabilities.

Taking into account the above, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 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 and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Stocks

2024 2023
£ £
Work in progress 10,000 10,000

4. Debtors

2024 2023
£ £
VAT recoverable 3,543 3,333

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 23,914 23,914
Accruals 1,079 1,024
24,993 24,938