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REGISTERED NUMBER: 11235994 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

GSHW LIMITED

GSHW LIMITED (REGISTERED NUMBER: 11235994)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GSHW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr G J A White
Mr S Hollis



REGISTERED OFFICE: c/o Michael Heaven & Associates Limited
47 Calthorpe Road
Edgbaston
BIRMINGHAM
West Midlands
B15 1TH



REGISTERED NUMBER: 11235994 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: Lloyds Bank PLC
PO Box 1000
Andover
BX1 1LT



INCORPORATED: 6th March 2018

GSHW LIMITED (REGISTERED NUMBER: 11235994)

ABRIDGED BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 515,213 178,909
Investments 5 200 400
515,413 179,309

CURRENT ASSETS
Debtors 5,950,189 2,511,840
Cash at bank 156 206
5,950,345 2,512,046
CREDITORS
Amounts falling due within one year 9,581,311 4,858,040
NET CURRENT LIABILITIES (3,630,966 ) (2,345,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,115,553

)

(2,166,685

)

PROVISIONS FOR LIABILITIES 6 16,552 -
NET LIABILITIES (3,132,105 ) (2,166,685 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (3,132,205 ) (2,166,785 )
SHAREHOLDERS' FUNDS (3,132,105 ) (2,166,685 )

GSHW LIMITED (REGISTERED NUMBER: 11235994)

ABRIDGED BALANCE SHEET - continued
30TH SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14th February 2025 and were signed on its behalf by:




Mr G J A White - Director



Mr S Hollis - Director


GSHW LIMITED (REGISTERED NUMBER: 11235994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

GSHW Limited 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.

At the year end the company shows an insolvent balance sheet. The company meets its day to day working capital requirements through the support of its shareholders who have undertaken that this support will not be withdrawn within twelve months from the date of signature of these financial statements. On this basis the directors consider it appropriate to prepare these accounts on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about GSHW Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Motor vehicles - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertaking are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.


GSHW LIMITED (REGISTERED NUMBER: 11235994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Shareholder and other loan interest
Shareholder and other loan interest is accrued and is only paid from retained profits after the payment of all other costs.

Shareholder and other loans
Shareholder loans are unsecured and the payment of interest is in accordance with the accounting policy set out above.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

GSHW LIMITED (REGISTERED NUMBER: 11235994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023 201,133
Additions 363,872
At 30th September 2024 565,005
DEPRECIATION
At 1st October 2023 22,224
Charge for year 27,568
At 30th September 2024 49,792
NET BOOK VALUE
At 30th September 2024 515,213
At 30th September 2023 178,909

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st October 2023 400
Additions 100
Impairments (300 )
At 30th September 2024 200
NET BOOK VALUE
At 30th September 2024 200
At 30th September 2023 400

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,552 -

GSHW LIMITED (REGISTERED NUMBER: 11235994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 16,552
Balance at 30th September 2024 16,552

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
100 100

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

GSHW LIMITED (REGISTERED NUMBER: 11235994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


8. RELATED PARTY DISCLOSURES - continued

At the year end the amounts due to/from related parties were as follows:

- Amount due to shareholders £8,999,056 (2023 - £4,298,906). Interest payable at 8%.
- Amount due to shareholders family member £30,000 (2023 - £30,000). Interest payable at 5%. This loan has been repaid in full after the year end.
- Amount due to company controlled by family member of shareholder £500,000 (2023 - £500,000). Interest payable at 4%+base.
- Amount due from subsidiaries £5,936,133 (2023 - £2,493,505). Interest free.
- Amount due to subsidiaries £NIL (2023 - £299). Interest free.