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REGISTERED NUMBER: 04103956 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GWE PROPERTY LIMITED

GWE PROPERTY LIMITED (REGISTERED NUMBER: 04103956)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GWE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A Grist
L Mackenzie





REGISTERED OFFICE: 38 Rectory Lane
Stevenage
Hertfordshire
SG1 4BX





REGISTERED NUMBER: 04103956 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

GWE PROPERTY LIMITED (REGISTERED NUMBER: 04103956)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,133,678 2,164,407

CURRENT ASSETS
Debtors 6 99,607 29,741
Cash at bank 103,256 237,554
202,863 267,295
CREDITORS
Amounts falling due within one year 7 (98,230 ) (69,152 )
NET CURRENT ASSETS 104,633 198,143
TOTAL ASSETS LESS CURRENT LIABILITIES 2,238,311 2,362,550

PROVISIONS FOR LIABILITIES 8 (533,420 ) (255,675 )

ACCRUALS AND DEFERRED INCOME (39,013 ) -
NET ASSETS 1,665,878 2,106,875

CAPITAL AND RESERVES
Called up share capital 9 250,025 250,025
Retained earnings 1,415,853 1,856,850
SHAREHOLDERS' FUNDS 1,665,878 2,106,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GWE PROPERTY LIMITED (REGISTERED NUMBER: 04103956)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





L Mackenzie - Director


GWE PROPERTY LIMITED (REGISTERED NUMBER: 04103956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

GWE Property 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
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.

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.
Plant and machinery etc - 15%, 25% on reducing balance

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

4. EMPLOYEES AND DIRECTORS

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

GWE PROPERTY LIMITED (REGISTERED NUMBER: 04103956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 2,164,407 - 2,164,407
Additions - 3,001 3,001
Disposals (33,280 ) - (33,280 )
At 31 March 2024 2,131,127 3,001 2,134,128
DEPRECIATION
Charge for year - 450 450
At 31 March 2024 - 450 450
NET BOOK VALUE
At 31 March 2024 2,131,127 2,551 2,133,678
At 31 March 2023 2,164,407 - 2,164,407

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,050 -
Other debtors 78,557 29,741
99,607 29,741

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 51,170 -
Taxation and social security 2,212 9,961
Other creditors 44,848 59,191
98,230 69,152

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 533,420 255,675

Deferred
tax
£   
Balance at 1 April 2023 255,675
Provided during year 277,745
Balance at 31 March 2024 533,420

GWE PROPERTY LIMITED (REGISTERED NUMBER: 04103956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
225,023 Ordinary B £1 225,023 225,023
25,002 Ordinary C £1 25,002 25,002
250,025 250,025

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
L Mackenzie
Balance outstanding at start of year 20,317 16,696
Amounts advanced 9,782 4,909
Amounts repaid (20,317 ) (1,288 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,782 20,317