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COMPANY REGISTRATION NUMBER: 08919742
GWP INVESTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
GWP INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
180
180
Current assets
Debtors
6
35,197
31,010
Cash at bank and in hand
89
89
---------
---------
35,286
31,099
Creditors: amounts falling due within one year
7
600
600
---------
---------
Net current assets
34,686
30,499
---------
---------
Total assets less current liabilities
34,866
30,679
---------
---------
Net assets
34,866
30,679
---------
---------
Capital and reserves
Called up share capital
180
180
Profit and loss account
34,686
30,499
---------
---------
Shareholders funds
34,866
30,679
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GWP INVESTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
Mrs K Peters
Director
Company registration number: 08919742
GWP INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL. The principal place of business is 3rd Floor, Pelham House, 25 Pelham Square, Brighton, BN1 4ET.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
180
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
180
----
At 31 March 2023
180
----
The company owns 100% of The I.C Partnership Limited and Lovelocaljobs.com Limited, companies registered in England and Wales. Both companies principal activity is recruitment.
Aggregate capital and reserves at 31 March 2024
The I.C Partnership Limited £290,249 (2023 - £378,478)
Lovelocaljobs.com Limited - £(581,873) (2023 - £(575,197))
Profit and (loss) for the year ended 31 March 2024
The I.C Partnership Limited - £(88,229) (2023 - £(3,666)
Lovelocaljobs.com Limited - £(6,676) (2023 - £26,925)
The company indirectly holds through Lovelocaljobs.com Limited 100% of Lovelocaljobs Foundation C.I.C., the company started trading in the current year.
Aggregate capital and reserves at 31 March 2024 £(3,375) (2023 - £(3,353)
Profit and (loss) for the year ended 31 March 2024 £(22) (2023 - £13,755)
The company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
35,197
31,010
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
600
600
----
----