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REGISTERED NUMBER: 12474447 (England and Wales)















GIW PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2025






GIW PROPERTY LIMITED (REGISTERED NUMBER: 12474447)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


GIW PROPERTY LIMITED (REGISTERED NUMBER: 12474447)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 325,000 325,000

CURRENT ASSETS
Debtors 5 301 99
Cash at bank 4,647 292
4,948 391
CREDITORS
Amounts falling due within one year 6 (93,844 ) (89,910 )
NET CURRENT LIABILITIES (88,896 ) (89,519 )
TOTAL ASSETS LESS CURRENT LIABILITIES 236,104 235,481

CREDITORS
Amounts falling due after more than one
year

7

(204,905

)

(204,905

)

PROVISIONS FOR LIABILITIES (5,988 ) (5,870 )
NET ASSETS 25,211 24,706

CAPITAL AND RESERVES
Called up share capital 99 99
Fair value reserve 9 31,941 31,941
Retained earnings (6,829 ) (7,334 )
25,211 24,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

GIW PROPERTY LIMITED (REGISTERED NUMBER: 12474447)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 11 June 2025 and were signed on its behalf by:





M Whinney - Director


GIW PROPERTY LIMITED (REGISTERED NUMBER: 12474447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

GIW Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12474447

Registered office: Third Floor, Templegate House
115-123 High Street
Orpington
Kent
BR6 0LG

For the purposes of presentation the financial statements have been rounded to the nearest Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GIW PROPERTY LIMITED (REGISTERED NUMBER: 12474447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Long leasehold property
Long lease property is recognised at fair value with revaluation gains recognised in the fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold
property
£   
COST OR VALUATION
At 1 March 2024
and 28 February 2025 325,000
NET BOOK VALUE
At 28 February 2025 325,000
At 29 February 2024 325,000

Cost or valuation at 28 February 2025 is represented by:

Long
leasehold
property
£   
Valuation in 2023 285,567
Valuation in 2024 39,433
325,000

GIW PROPERTY LIMITED (REGISTERED NUMBER: 12474447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 301 99

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to related parties 52,508 35,700
Other creditors 41,336 54,210
93,844 89,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 204,905 204,905

Amounts falling due in more than five years:

Repayable by instalments
Other loans after 1 year 204,905 204,905

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Other loans 204,905 204,905

The loan is secured on the property to which it relates.

9. RESERVES
Fair
value
reserve
£   
At 1 March 2024
and 28 February 2025 31,941

GIW PROPERTY LIMITED (REGISTERED NUMBER: 12474447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


10. RELATED PARTY DISCLOSURES

There is a loan from the directors of £52,508 (2024: £35,700). The amount is interest free, unsecured and repayable on demand.