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REGISTERED NUMBER: 07681895 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

GWECO 511 LIMITED

GWECO 511 LIMITED (REGISTERED NUMBER: 07681895)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GWECO 511 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D Hoyle
Mrs J E Hoyle





REGISTERED OFFICE: c/o Brosnans
Birkby House, Birkby Lane
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ,





REGISTERED NUMBER: 07681895 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

GWECO 511 LIMITED (REGISTERED NUMBER: 07681895)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 4,433,219 2,718,127
Investments 5 69,195,204 57,076,203
Cash at bank 3,735,389 1,560,479
77,363,812 61,354,809
CREDITORS
Amounts falling due within one year 6 (27,854,966 ) (24,770,983 )
NET CURRENT ASSETS 49,508,846 36,583,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,508,846

36,583,826

CREDITORS
Amounts falling due after more than
one year

7

(9,597,000

)

(9,597,000

)
NET ASSETS 39,911,846 26,986,826

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 17,665,639 6,720,870
Retained earnings 22,246,205 20,265,954
SHAREHOLDERS' FUNDS 39,911,846 26,986,826

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

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

GWECO 511 LIMITED (REGISTERED NUMBER: 07681895)

BALANCE SHEET - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





D Hoyle - Director


GWECO 511 LIMITED (REGISTERED NUMBER: 07681895)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Gweco 511 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,433,219 2,718,127

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 69,195,204 57,076,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 52,929 326,644
Other creditors 27,802,037 24,444,339
27,854,966 24,770,983

GWECO 511 LIMITED (REGISTERED NUMBER: 07681895)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,597,000 9,597,000

8. SECURED DEBTS

Bank borrowings are secured on the company's investments.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Fair
value
reserve
£   
At 1 July 2023 6,720,870
Profit on investment values 10,944,769

At 30 June 2024 17,665,639

11. CONTINGENT LIABILITIES

Investments with a total value up to £6,000,000 form security for loans made by two of this company's bankers to Mr D Hoyle and Mrs J Hoyle, directors of Gweco 511 Limited, in respect of a personal investment.