Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-311falseHolding company2024-01-011truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11007586 2024-01-01 2024-12-31 11007586 2023-01-01 2023-12-31 11007586 2024-12-31 11007586 2023-12-31 11007586 c:Director1 2024-01-01 2024-12-31 11007586 d:OtherPropertyPlantEquipment 2024-12-31 11007586 d:OtherPropertyPlantEquipment 2023-12-31 11007586 d:CurrentFinancialInstruments 2024-12-31 11007586 d:CurrentFinancialInstruments 2023-12-31 11007586 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11007586 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11007586 d:ShareCapital 2024-12-31 11007586 d:ShareCapital 2023-12-31 11007586 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 11007586 d:OtherMiscellaneousReserve 2024-12-31 11007586 d:OtherMiscellaneousReserve 2023-12-31 11007586 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11007586 d:RetainedEarningsAccumulatedLosses 2024-12-31 11007586 d:RetainedEarningsAccumulatedLosses 2023-12-31 11007586 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 11007586 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11007586 c:FRS102 2024-01-01 2024-12-31 11007586 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11007586 c:FullAccounts 2024-01-01 2024-12-31 11007586 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11007586 2 2024-01-01 2024-12-31 11007586 6 2024-01-01 2024-12-31 11007586 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11007586










GGW HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
GGW HOLDINGS LIMITED
REGISTERED NUMBER: 11007586

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,800,000
1,800,000

Investments
 5 
200
200

  
1,800,200
1,800,200

Current assets
  

Cash at bank and in hand
 6 
171,830
76,118

  
171,830
76,118

Creditors: amounts falling due within one year
 7 
(509,943)
(430,224)

Net current liabilities
  
 
 
(338,113)
 
 
(354,106)

Total assets less current liabilities
  
1,462,087
1,446,094

Provisions for liabilities
  

Deferred tax
 8 
(350,732)
(350,732)

  
 
 
(350,732)
 
 
(350,732)

Net assets
  
1,111,355
1,095,362


Capital and reserves
  

Called up share capital 
  
200
200

Other reserves
 9 
1,052,196
1,052,196

Profit and loss account
 9 
58,959
42,966

  
1,111,355
1,095,362


Page 1

 
GGW HOLDINGS LIMITED
REGISTERED NUMBER: 11007586
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K C Honeysett
Director

Date: 8 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GGW HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

GGW Holdings Limited is a private company limited by shares registered in England and Wales. The registered office is 52 New Town, Uckfield, East Sussex, TN22 5DE. The company's registered number is 11007586.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
GGW HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.



The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
GGW HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.
 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
GGW HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Other fixed assets

£



Valuation


At 1 January 2024
1,800,000



At 31 December 2024

1,800,000






Net book value



At 31 December 2024
1,800,000



At 31 December 2023
1,800,000


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 January 2024
200



At 31 December 2024
200





6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
171,830
76,118


Page 6

 
GGW HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to other participating interests
504,092
426,114

Corporation tax
3,751
2,446

Accruals and deferred income
2,100
1,664

509,943
430,224



8.


Deferred taxation




2024


£






At beginning of year
(350,732)



At end of year
(350,732)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Capital gain liability on revaluation
(350,732)
(350,732)

(350,732)
(350,732)


9.


Reserves

Other reserves

The other reserves comprise the balance of revaluations relating to land and property net of deferred tax on the gain.

Profit and loss account

The profit and loss account comprise the balance of profits accumulated over the life of the company.


10.


Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

 
Page 7