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REGISTERED NUMBER: 07206017 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

GWFL UK Limited

GWFL UK Limited (Registered number: 07206017)

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 8 |

GWFL UK Limited

Company Information

for the Year Ended 30 September 2024

| DIRECTORS: | Ms G Warwick

| Ms M Osborne

| REGISTERED OFFICE: | 535 Kings Road

| Unit 3.25

| London

| SW10 0SZ

| REGISTERED NUMBER: | 07206017 (England and Wales)

| ACCOUNTANTS: | Optima Financial Solutions Group Limited

| Chartered Accountants

| Calcutt Court

| Calcutt

| Swindon

| Wiltshire

| SN66JR

GWFL UK Limited (Registered number: 07206017)

Statement of Financial Position

30 September 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 13,615 |  | 13,084 |  |

13,615 |  | 13,084 |  |

CURRENT ASSETS

Stocks | 102,500 |  | 122,481 |  |

Debtors | 6 | 113,152 |  | 113,692 |  |

Cash at bank and in hand | 26,508 |  | 25,329 |  |

242,160 |  | 261,502 |  |

CREDITORS

Amounts falling due within one year | 7 | 148,738 |  | 204,388 |  |

NET CURRENT ASSETS | 93,422 |  | 57,114 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 107,037 |  | 70,198 |  |

CREDITORS

Amounts falling due after more than one year | 8 | 39,674 |  | 58,333 |  |

NET ASSETS | 67,363 |  | 11,865 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 67,263 |  | 11,765 |  |

SHAREHOLDERS' FUNDS | 67,363 |  | 11,865 |  |

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

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

GWFL UK Limited (Registered number: 07206017)

Statement of Financial Position - continued

30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:

Ms M Osborne - Director

GWFL UK Limited (Registered number: 07206017)

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| GWFL UK 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.

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.

| Turnover

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

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website Development are being amortised evenly over their estimated useful life of nil years.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

GWFL UK Limited (Registered number: 07206017)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets & depreciation

| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

| Plant and machinery - 20% straight line

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2023 - 7 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 200 |  |

| AMORTISATION

| At 1 October 2023

| and 30 September 2024 | 200 |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  |

| At 30 September 2023 | - |  |

GWFL UK Limited (Registered number: 07206017)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 October 2023 | 52,481 |  |

| Additions | 3,679 |  |

| At 30 September 2024 | 56,160 |  |

| DEPRECIATION

| At 1 October 2023 | 39,397 |  |

| Charge for year | 3,148 |  |

| At 30 September 2024 | 42,545 |  |

| NET BOOK VALUE

| At 30 September 2024 | 13,615 |  |

| At 30 September 2023 | 13,084 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade debtors | 77,345 |  | 62,761 |  |

| Other debtors | 35,807 |  | 50,931 |  |

113,152 |  | 113,692 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans and overdrafts | 5,023 |  | - |  |

| Trade creditors | 50,439 |  | 24,570 |  |

| Taxation and social security | 38,378 |  | 62,641 |  |

| Other creditors | 54,898 |  | 117,177 |  |

148,738 |  | 204,388 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans | 39,674 |  | 58,333 |  |

GWFL UK Limited (Registered number: 07206017)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid: |  |

| Number: |  | Class: |  | Nominal value: |  | 31.9.23 |  |  | 31.9.22 |  |

|  | £ |  |  | £ |  |

| 60 |  | Ordinary A |  | £1 |  | 60 |  |  | 60 |  |

| 10 |  | Ordinary B |  | £1 |  | 10 |  |  | 10 |  |

| 15 |  | Ordinary C |  | £1 |  | 15 |  |  | 15 |  |

| 15 |  | Ordinary D |  | £1 |  | 15 |  |  | 15 |  |

|  | 100 |  |  | 100 |  |

10. | RELATED PARTY DISCLOSURES

| During the period, the company made purchases of £nil (2023: £nil) from Gayle Warwick Fine Linen Ltd, the parent company. At the year end the company was owed £2,030 (2023: £2,030) from Gayle Warwick Fine Linen Ltd.

| At the year end company owed £nil (2023: £6,816) to Mrs G Warwick, the director of the company.

11. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party as at the year end is Gayle Warwick Fine Linen Ltd, a Company registered in Gibraltar.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

GWFL UK Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GWFL UK Limited for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of GWFL UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GWFL UK Limited and state those matters that we have agreed to state to the Board of Directors of GWFL UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GWFL UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GWFL UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GWFL UK Limited. You consider that GWFL UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GWFL UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Optima Financial Solutions Group Limited

Chartered Accountants

Calcutt Court

Calcutt

Swindon

Wiltshire

SN66JR

Date: .............................................