11612990falsebuying/selling of real estate & other letting activities2024-02-012025-01-31http://www.companieshouse.gov.uk/2024-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-01-31http://www.companieshouse.gov.uk/cd:Director12024-02-012025-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-02-012025-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-02-012025-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-02-012025-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-01-31http://www.companieshouse.gov.uk/2024-02-012025-01-31http://www.companieshouse.gov.uk/2024-01-31http://www.companieshouse.gov.uk/cd:FRS1022024-02-012025-01-31http://www.companieshouse.gov.uk/2025-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-02-012025-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-02-012025-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11612990

GWC Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2025

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

GWC Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
DIRECTORS
Mr G Wolstencroft
REGISTERED OFFICE
9 Sark Close,
Lowry Hill,
Carlisle
CA3 0DX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11612990
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

GWC Properties Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GWC Properties Ltd

BALANCE SHEET AT 31/01/2025
20252024
Notes££
FIXED ASSETS
Tangible assets428,000356,556
CURRENT ASSETS
Cash at bank and in hand27,17315,248
27,17315,248
CREDITORS: Amounts falling due within one year4317,026316,365
NET CURRENT LIABILITIES(289,853)(301,117)
TOTAL ASSETS LESS CURRENT LIABILITIES138,14755,439
CREDITORS: Amounts falling due after more than one year534,97637,674
NET ASSETS103,17117,765
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account103,07117,665
SHAREHOLDERS' FUNDS103,17117,765
For the year ending 31/01/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/03/2025 and signed on their behalf by
.............................
Mr G Wolstencroft
Director

GWC Properties Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. EMPLOYEES
20252024
No.No.
Average number of employees--
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/02/2024356,556356,556
Revaluation71,44471,444
At 31/01/2025428,000428,000

GWC Properties Ltd

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax3,2752,085
Directors current account179,091179,091
Bank loan2,3801,709
Other creditors131,800132,640
Trade creditors-360
Accruals480480
317,026316,365
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (secured) >1yr34,97637,674
34,97637,674
6. SECURED CREDITORS
20252024
££
Amount of bank loans and overdrafts which are secured37,35639,383
The bank loan is secured by way of a legal charge over the company's property.
7. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

GWC Properties Ltd

8. RELATED PARTY TRANSACTIONS
No remuneration or dividends were paid to the director during the year (2024 - £Nil).
At the balance sheet date a loan of £179,091 was owed to the director and an owner holding a participating interest (2024 - £179,091). The loans are interest free, unsecured and repayable on demand.
9. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 11612990.
The company's registered office is 9 Sark Close, Lowry Hill, Carlisle, CA3 0DX.