2023-10-012024-09-302024-09-30false09780827GSW PROPERTIES LIMITED2025-01-1668209falseiso4217:GBPxbrli:pure097808272023-10-01097808272024-09-30097808272023-10-012024-09-30097808272022-10-01097808272023-09-30097808272022-10-012023-09-3009780827bus:SmallEntities2023-10-012024-09-3009780827bus:AuditExempt-NoAccountantsReport2023-10-012024-09-3009780827bus:FullAccounts2023-10-012024-09-3009780827bus:PrivateLimitedCompanyLtd2023-10-012024-09-3009780827core:WithinOneYear2024-09-3009780827core:AfterOneYear2024-09-3009780827core:WithinOneYear2023-09-3009780827core:AfterOneYear2023-09-3009780827core:ShareCapital2024-09-3009780827core:SharePremium2024-09-3009780827core:RevaluationReserve2024-09-3009780827core:OtherReservesSubtotal2024-09-3009780827core:RetainedEarningsAccumulatedLosses2024-09-3009780827core:ShareCapital2023-09-3009780827core:SharePremium2023-09-3009780827core:RevaluationReserve2023-09-3009780827core:OtherReservesSubtotal2023-09-3009780827core:RetainedEarningsAccumulatedLosses2023-09-3009780827core:LandBuildings2024-09-3009780827core:PlantMachinery2024-09-3009780827core:Vehicles2024-09-3009780827core:FurnitureFittings2024-09-3009780827core:OfficeEquipment2024-09-3009780827core:NetGoodwill2024-09-3009780827core:IntangibleAssetsOtherThanGoodwill2024-09-3009780827core:ListedExchangeTraded2024-09-3009780827core:UnlistedNon-exchangeTraded2024-09-3009780827core:LandBuildings2023-09-3009780827core:PlantMachinery2023-09-3009780827core:Vehicles2023-09-3009780827core:FurnitureFittings2023-09-3009780827core:OfficeEquipment2023-09-3009780827core:NetGoodwill2023-09-3009780827core:IntangibleAssetsOtherThanGoodwill2023-09-3009780827core:ListedExchangeTraded2023-09-3009780827core:UnlistedNon-exchangeTraded2023-09-3009780827core:LandBuildings2023-10-012024-09-3009780827core:PlantMachinery2023-10-012024-09-3009780827core:Vehicles2023-10-012024-09-3009780827core:FurnitureFittings2023-10-012024-09-3009780827core:OfficeEquipment2023-10-012024-09-3009780827core:NetGoodwill2023-10-012024-09-3009780827core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3009780827core:ListedExchangeTraded2023-10-012024-09-3009780827core:UnlistedNon-exchangeTraded2023-10-012024-09-3009780827core:MoreThanFiveYears2023-10-012024-09-3009780827core:Non-currentFinancialInstruments2024-09-3009780827core:Non-currentFinancialInstruments2023-09-3009780827dpl:CostSales2023-10-012024-09-3009780827dpl:DistributionCosts2023-10-012024-09-3009780827core:LandBuildings2023-10-012024-09-3009780827core:PlantMachinery2023-10-012024-09-3009780827core:Vehicles2023-10-012024-09-3009780827core:FurnitureFittings2023-10-012024-09-3009780827core:OfficeEquipment2023-10-012024-09-3009780827dpl:AdministrativeExpenses2023-10-012024-09-3009780827core:NetGoodwill2023-10-012024-09-3009780827core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3009780827dpl:GroupUndertakings2023-10-012024-09-3009780827dpl:ParticipatingInterests2023-10-012024-09-3009780827dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-3009780827core:ListedExchangeTraded2023-10-012024-09-3009780827dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-3009780827core:UnlistedNon-exchangeTraded2023-10-012024-09-3009780827dpl:CostSales2022-10-012023-09-3009780827dpl:DistributionCosts2022-10-012023-09-3009780827core:LandBuildings2022-10-012023-09-3009780827core:PlantMachinery2022-10-012023-09-3009780827core:Vehicles2022-10-012023-09-3009780827core:FurnitureFittings2022-10-012023-09-3009780827core:OfficeEquipment2022-10-012023-09-3009780827dpl:AdministrativeExpenses2022-10-012023-09-3009780827core:NetGoodwill2022-10-012023-09-3009780827core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3009780827dpl:GroupUndertakings2022-10-012023-09-3009780827dpl:ParticipatingInterests2022-10-012023-09-3009780827dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3009780827core:ListedExchangeTraded2022-10-012023-09-3009780827dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3009780827core:UnlistedNon-exchangeTraded2022-10-012023-09-3009780827core:NetGoodwill2024-09-3009780827core:IntangibleAssetsOtherThanGoodwill2024-09-3009780827core:LandBuildings2024-09-3009780827core:PlantMachinery2024-09-3009780827core:Vehicles2024-09-3009780827core:FurnitureFittings2024-09-3009780827core:OfficeEquipment2024-09-3009780827core:AfterOneYear2024-09-3009780827core:WithinOneYear2024-09-3009780827core:ListedExchangeTraded2024-09-3009780827core:UnlistedNon-exchangeTraded2024-09-3009780827core:ShareCapital2024-09-3009780827core:SharePremium2024-09-3009780827core:RevaluationReserve2024-09-3009780827core:OtherReservesSubtotal2024-09-3009780827core:RetainedEarningsAccumulatedLosses2024-09-3009780827core:NetGoodwill2023-09-3009780827core:IntangibleAssetsOtherThanGoodwill2023-09-3009780827core:LandBuildings2023-09-3009780827core:PlantMachinery2023-09-3009780827core:Vehicles2023-09-3009780827core:FurnitureFittings2023-09-3009780827core:OfficeEquipment2023-09-3009780827core:AfterOneYear2023-09-3009780827core:WithinOneYear2023-09-3009780827core:ListedExchangeTraded2023-09-3009780827core:UnlistedNon-exchangeTraded2023-09-3009780827core:ShareCapital2023-09-3009780827core:SharePremium2023-09-3009780827core:RevaluationReserve2023-09-3009780827core:OtherReservesSubtotal2023-09-3009780827core:RetainedEarningsAccumulatedLosses2023-09-3009780827core:NetGoodwill2022-10-0109780827core:IntangibleAssetsOtherThanGoodwill2022-10-0109780827core:LandBuildings2022-10-0109780827core:PlantMachinery2022-10-0109780827core:Vehicles2022-10-0109780827core:FurnitureFittings2022-10-0109780827core:OfficeEquipment2022-10-0109780827core:AfterOneYear2022-10-0109780827core:WithinOneYear2022-10-0109780827core:ListedExchangeTraded2022-10-0109780827core:UnlistedNon-exchangeTraded2022-10-0109780827core:ShareCapital2022-10-0109780827core:SharePremium2022-10-0109780827core:RevaluationReserve2022-10-0109780827core:OtherReservesSubtotal2022-10-0109780827core:RetainedEarningsAccumulatedLosses2022-10-0109780827core:AfterOneYear2023-10-012024-09-3009780827core:WithinOneYear2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-3009780827core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3009780827core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3009780827core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3009780827core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3009780827core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3009780827core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3009780827core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3009780827core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3009780827core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3009780827core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3009780827core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3009780827core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3009780827core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3009780827core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3009780827core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3009780827core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3009780827core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3009780827core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3009780827bus:Director12023-10-012024-09-3009780827bus:Director22023-10-012024-09-3009780827core:FurnitureFittingsToolsEquipment2023-09-3009780827core:FurnitureFittingsToolsEquipment2024-09-3009780827core:FurnitureFittingsToolsEquipment2023-10-012024-09-30

GSW PROPERTIES LIMITED

Registered Number
09780827
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

GSW PROPERTIES LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

WOOD, Graeme
WOOD, Sharon

Registered Address

4 Marlborough Villas
York
YO10 4AZ

Registered Number

09780827 (England and Wales)
GSW PROPERTIES LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-433
Investment property4910,000910,000
910,000910,433
Current assets
Debtors5588547
Cash at bank and on hand101,49282,252
102,08082,799
Creditors amounts falling due within one year6(19,962)(20,499)
Net current assets (liabilities)82,11862,300
Total assets less current liabilities992,118972,733
Creditors amounts falling due after one year7(770,861)(780,601)
Provisions for liabilities8(20,078)(20,078)
Net assets201,179172,054
Capital and reserves
Called up share capital11
Profit and loss account201,178172,053
Shareholders' funds201,179172,054
The financial statements were approved and authorised for issue by the Board of Directors on 16 January 2025, and are signed on its behalf by:
WOOD, Graeme
Director
WOOD, Sharon
Director

Registered Company No. 09780827
GSW PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for rent in respect of the company's investment properties and is shown net of VAT.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows: Office equipment - between 3 and 5 years straight line Fixtures and fittings - 3 years straight line
Investment property
Investment property is carried at fair value determined annually and is derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.
2.Average number of employees

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

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 October 237,5491,5109,059
At 30 September 247,5491,5109,059
Depreciation and impairment
At 01 October 237,2371,3898,626
Charge for year312121433
At 30 September 247,5491,5109,059
Net book value
At 30 September 24---
At 30 September 23312121433
4.Investment property
The valuations were made by the director in October 2024, on an open market value for existing use basis. Had the investment properties been measured at historical cost the amount would have been £755,242 (2023 - £755,242).

£
Fair value at 01 October 23910,000
At 30 September 24910,000
5.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income588547
Total588547
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,49316,075
Taxation and social security6,9331,412
Other creditors4,5363,012
Total19,96220,499
Short term creditors are measured at transaction price (which is usually the invoice price).
7.Creditors: amounts due after one year

2024

2023

££
Other creditors770,861780,601
Total770,861780,601
No security is given on long term creditors.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)20,07820,078
Total20,07820,078
9.Related party transactions
On 1 October 2023 the company owed the Directors £780,601. At 30 September 2024 the company owed the Directors £770,861. No interest was charged on this loan and the loan is repayable on demand.