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REGISTERED NUMBER: 08905688 (England and Wales)















GWYNNE STREET PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GWYNNE STREET PROPERTIES LTD (REGISTERED NUMBER: 08905688)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GWYNNE STREET PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R E Barnes
Mrs C A Young
Mrs S D D Daw
Mrs E L Pepper





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 08905688 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

GWYNNE STREET PROPERTIES LTD (REGISTERED NUMBER: 08905688)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 602 290
Investment property 5 390,000 390,000
390,602 390,290

CURRENT ASSETS
Debtors 6 719 923
Cash at bank 20,249 33,710
20,968 34,633
CREDITORS
Amounts falling due within one year 7 325,765 338,368
NET CURRENT LIABILITIES (304,797 ) (303,735 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,805

86,555

PROVISIONS FOR LIABILITIES 8,082 8,022
NET ASSETS 77,723 78,533

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 41,940 41,940
Retained earnings 9 35,781 36,591
SHAREHOLDERS' FUNDS 77,723 78,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GWYNNE STREET PROPERTIES LTD (REGISTERED NUMBER: 08905688)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2024 and were signed on its behalf by:





R E Barnes - Director


GWYNNE STREET PROPERTIES LTD (REGISTERED NUMBER: 08905688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gwynne Street Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 April 2023 798 654 1,452
Additions - 536 536
Disposals - (509 ) (509 )
At 31 March 2024 798 681 1,479
DEPRECIATION
At 1 April 2023 565 597 1,162
Charge for year 35 187 222
Eliminated on disposal - (507 ) (507 )
At 31 March 2024 600 277 877
NET BOOK VALUE
At 31 March 2024 198 404 602
At 31 March 2023 233 57 290

GWYNNE STREET PROPERTIES LTD (REGISTERED NUMBER: 08905688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 390,000
NET BOOK VALUE
At 31 March 2024 390,000
At 31 March 2023 390,000

The investment properties were valued at open market value on date of transfer to the company. They were subsequently revalued to market value at 1 April 2017.

The directors have given due consideration to the market value of the properties at the balance sheet date
and feel there would be no significant alteration to the value as provided at 1 April 2017.

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2018 41,940
Cost 348,060
390,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 348,060 348,060

The investment properties were valued on an open market basis on 1 April 2017 by a professional valuer .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 719 923

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 689 1,305
Directors' current accounts 324,496 336,513
Accruals 580 550
325,765 338,368

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £0.01 2 2

GWYNNE STREET PROPERTIES LTD (REGISTERED NUMBER: 08905688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 36,591 41,940 78,531
Profit for the year 3,190 3,190
Dividends (4,000 ) (4,000 )
At 31 March 2024 35,781 41,940 77,721

10. RELATED PARTY DISCLOSURES

R E Barnes also trades as Gwynne Street Properties.

Gwynne Street Properties Ltd has provided goods and services to Gwynne Street Properties totalling £Nil (2023: £Nil).

Gwynne Street Properties has provided goods and services to Gwynne Street Properties Ltd totalling £Nil (2023: £Nil).