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REGISTERED NUMBER: 12787339 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

RWG Property Ltd

RWG Property Ltd (Registered number: 12787339)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RWG Property Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr R W Green





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 12787339 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

RWG Property Ltd (Registered number: 12787339)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 965 -
Investment property 5 550,000 530,000
550,965 530,000

CURRENT ASSETS
Debtors 6 23,690 5,721
Cash at bank 411,438 351,759
435,128 357,480
CREDITORS
Amounts falling due within one year 7 269,764 328,060
NET CURRENT ASSETS 165,364 29,420
TOTAL ASSETS LESS CURRENT LIABILITIES 716,329 559,420

PROVISIONS FOR LIABILITIES 8,148 2,906
NET ASSETS 708,181 556,514

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 23,478 8,719
Retained earnings 9 684,701 547,793
SHAREHOLDERS' FUNDS 708,181 556,514

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2025 and were signed by:





Mr R W Green - Director


RWG Property Ltd (Registered number: 12787339)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

RWG Property 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 965
At 31 December 2024 965
NET BOOK VALUE
At 31 December 2024 965

RWG Property Ltd (Registered number: 12787339)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 550,000
At 31 December 2024 550,000
NET BOOK VALUE
At 31 December 2024 550,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2021 11,625
Valuation in 2024 20,000
Cost 518,375
550,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 518,375 518,375

Investment property was valued on an open market basis on 31 December 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 23,690 5,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 84,548 83,673
Other creditors 185,216 244,387
269,764 328,060

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 Ordinary A £1 2 1
1 Ordinary B £1 - 1
2 2

RWG Property Ltd (Registered number: 12787339)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

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

At 1 January 2024 547,793 - 547,793
Profit for the year 183,667 183,667
Dividends (32,000 ) (32,000 )
Transfer between funds (14,759 ) 23,478 8,719
At 31 December 2024 684,701 23,478 708,179