11612990falseBuying/selling of real estate & other letting activities2023-02-012024-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-01-31http://www.companieshouse.gov.uk/cd:Director12023-02-012024-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-02-012024-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-02-012024-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-02-012024-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-01-31http://www.companieshouse.gov.uk/2023-02-012024-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:FRS1022023-02-012024-01-31http://www.companieshouse.gov.uk/2024-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-02-012024-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-02-012024-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11612990

GWC Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

GWC Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Mr G Wolstencroft
REGISTERED OFFICE
Michael Thompson Yard
St.Ninians Road
Carlisle
CA2 4NE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11612990
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

GWC Properties Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GWC Properties Ltd

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets356,556207,801
CURRENT ASSETS
Cash at bank and in hand15,2486,834
15,2486,834
CREDITORS: Amounts falling due within one year4316,365166,568
NET CURRENT LIABILITIES(301,117)(159,734)
TOTAL ASSETS LESS CURRENT LIABILITIES55,43948,067
CREDITORS: Amounts falling due after more than one year537,67439,189
NET ASSETS17,7658,878
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account17,6658,778
SHAREHOLDERS' FUNDS17,7658,878
For the year ending 31/01/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/10/2024 and signed on their behalf by
.............................
Mr G Wolstencroft
Director

GWC Properties Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/02/2023207,801207,801
Additions148,755148,755
At 31/01/2024356,556356,556

GWC Properties Ltd

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,0851,024
Directors current account179,09130,641
Bank loan1,7091,903
Other creditors132,640132,640
Trade creditors360-
Accruals480360
316,365166,568
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr37,67439,189
37,67439,189
6. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured39,38341,092
The bank loan is secured by way of a legal charge over the company's property.
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

GWC Properties Ltd

8. RELATED PARTY TRANSACTIONS
No remuneration or dividends were paid to the director during the year (2023 - £Nil).
At the balance sheet date a loan of £179,091 was owed to the director (2023 - £30,641). The loan is interest free, unsecured and repayable on demand.
9. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 11612990.
The company's registered office is Michael Thompson Yard, St. Ninians Road, Carlisle, CA2 4NE.