87GW Ltd 14918620 false 2023-06-06 2024-06-30 2024-06-30 The principal activity of the company is Holiday rentals Digita Accounts Production Advanced 6.30.9574.0 true true 14918620 2023-06-06 2024-06-30 14918620 2024-06-30 14918620 bus:OrdinaryShareClass1 2024-06-30 14918620 bus:OrdinaryShareClass2 2024-06-30 14918620 core:Non-currentFinancialInstruments 2024-06-30 14918620 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 14918620 core:LandBuildings 2024-06-30 14918620 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-06-30 14918620 core:OtherRelatedParties 2024-06-30 14918620 bus:SmallEntities 2023-06-06 2024-06-30 14918620 bus:AuditExemptWithAccountantsReport 2023-06-06 2024-06-30 14918620 bus:FullAccounts 2023-06-06 2024-06-30 14918620 bus:SmallCompaniesRegimeForAccounts 2023-06-06 2024-06-30 14918620 bus:RegisteredOffice 2023-06-06 2024-06-30 14918620 bus:Director1 2023-06-06 2024-06-30 14918620 bus:OrdinaryShareClass1 2023-06-06 2024-06-30 14918620 bus:OrdinaryShareClass2 2023-06-06 2024-06-30 14918620 bus:PrivateLimitedCompanyLtd 2023-06-06 2024-06-30 14918620 core:LandBuildings 2023-06-06 2024-06-30 14918620 core:KeyManagementPersonnel 2023-06-06 2024-06-30 14918620 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-06 2024-06-30 14918620 core:OtherRelatedParties 2023-06-06 2024-06-30 14918620 countries:EnglandWales 2023-06-06 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14918620

87GW Ltd

Unaudited Filleted Financial Statements

for the Period from 6 June 2023 to 30 June 2024

 

87GW Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

87GW Ltd

Company Information

Director

Mr Adam Home

Registered office

Ground Floor Unit 8, Vantage Court
Riverside Way
Barrowford
Nelson
Lancashire
BB9 6BP

Accountants

Hughes Accountants Limited
Ground Floor Unit 8, Vantage Court
Riverside Way
Barrowford
Nelson
Lancashire
BB9 6BP

 

87GW Ltd

(Registration number: 14918620)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

128,521

Current assets

 

Cash at bank and in hand

 

514

Total assets less current liabilities

 

129,035

Creditors: Amounts falling due after more than one year

5

(133,167)

Net liabilities

 

(4,132)

Capital and reserves

 

Called up share capital

6

200

Retained earnings

(4,332)

Shareholders' deficit

 

(4,132)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 March 2025
 

.........................................
Mr Adam Home
Director

 

87GW Ltd

Notes to the Unaudited Financial Statements for the Period from 6 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor Unit 8, Vantage Court
Riverside Way
Barrowford
Nelson
Lancashire
BB9 6BP
England and Wales

These financial statements were authorised for issue by the director on 3 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

 

87GW Ltd

Notes to the Unaudited Financial Statements for the Period from 6 June 2023 to 30 June 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

128,521

128,521

At 30 June 2024

128,521

128,521

Depreciation

Carrying amount

At 30 June 2024

128,521

128,521

Included within the net book value of land and buildings above is £128,521 in respect of freehold land and buildings.
 

 

87GW Ltd

Notes to the Unaudited Financial Statements for the Period from 6 June 2023 to 30 June 2024

5

Creditors

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

48,672

Other non-current financial liabilities

 

84,495

 

133,167

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

150

150

B Ordinary of £1 each

50

50

 

200

200

7

Loans and borrowings

2024
£

Non-current loans and borrowings

Other borrowings

48,672

8

Related party transactions

Loans from related parties

2024

Key management
£

Other related parties
£

Total
£

Advanced

48,672

84,495

133,167

At end of period

48,672

84,495

133,167

Terms of loans from related parties

Interest free loan from Mr Home, Director, repayable on demand
 Loan from Safe Collections Ltd of which Mr Home is a Director - interest free, repayable on demand