2023-02-012024-01-312024-01-31false11763222GWYNNE RESIDENTIAL 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GWYNNE RESIDENTIAL LIMITED

Registered Number
11763222
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

GWYNNE RESIDENTIAL LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

TANSEY, Alan Joseph
TANSEY, Bernard Joseph

Company Secretary

TANSEY, Barry Bernard

Registered Address

No 1 Railshead Road
St Margarets
Isleworth
TW7 7EP

Registered Number

11763222 (England and Wales)
GWYNNE RESIDENTIAL LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets39,800,0009,800,000
9,800,0009,800,000
Current assets
Debtors4102,550100,000
Cash at bank and on hand12,37243,743
114,922143,743
Creditors amounts falling due within one year5(3,931,938)(3,889,272)
Net current assets (liabilities)(3,817,016)(3,745,529)
Total assets less current liabilities5,982,9846,054,471
Creditors amounts falling due after one year6(6,020,000)(6,020,000)
Net assets(37,016)34,471
Capital and reserves
Called up share capital22
Profit and loss account(37,018)34,469
Shareholders' funds(37,016)34,471
The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2024, and are signed on its behalf by:
TANSEY, Alan Joseph
Director
Registered Company No. 11763222
GWYNNE RESIDENTIAL LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties, in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.
Revenue from sale of goods
Turnover represents rental income receivable from investment properties.
Finance costs
Interest on borrowings is charged to the profit and loss account when incurred. Other finance costs are charged over the term of the debt.
Current taxation
The current tax charge is based on taxable profit for the year, using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax
Deferred tax balances are recognised for all timing differences, at rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.
Tangible fixed assets and depreciation
Investment properties are stated at fair value. Changes in fair value are recognised in the profit and loss account and thereafter transferred to an undistributable reserve.
2.Average number of employees
The average number of employees (including directors) during the year was 2 (2022: 2).

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 239,800,000
At 31 January 249,800,000
Net book value
At 31 January 249,800,000
At 31 January 239,800,000
Investment properties have been valued by the directors on the basis of open market value at the balance sheet date. Open market value is considered to be the same as historical cost.
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings102,550100,000
Total102,550100,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables28,620187
Amounts owed to related parties3,863,0853,863,085
Accrued liabilities and deferred income40,23326,000
Total3,931,9383,889,272
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6,020,0006,020,000
Total6,020,0006,020,000
The bank loans are secured on properties owned by the company.
7.Share capital
The allotted called up and fully paid Share capital is 2 Ordinary Shares of £1.
8.Controlling party
The company is a private limited company incorporated in England. Its registered number is 11763222. Its registered office and principal place of business is No 1 Railshead Road, St Margarets, Old Isleworth, Middlesex, TW7 7EP. The company is a wholly-owned subsidiary of J T Holding Limited, whose registered office is located at Millennium House, Victoria Road, Douglas, Isle of Man, IM2 4RW. J T Holding Limited does not prepare consolidated accounts. The financial statements are presented in sterling, which is the functional currency of the company.