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REGISTERED NUMBER: 03231061 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

G.T. Woodlands Limited

G.T. Woodlands Limited (Registered number: 03231061)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.T. Woodlands Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs C R A Thorne
Mr C G Thorne
Mr G J Thorne
Mr J E Thorne
Ms P J Thorne





SECRETARY: Mr C G Thorne





REGISTERED OFFICE: Somerly Cottage
Station Road
Verwood
Dorset
BH31 7BU





REGISTERED NUMBER: 03231061 (England and Wales)





ACCOUNTANTS: Ward Goodman Audit Services Ltd
4 Cedar Park
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

G.T. Woodlands Limited (Registered number: 03231061)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 800,273 800,321

CURRENT ASSETS
Debtors 5 844 1,564
Cash at bank 478 479
1,322 2,043
CREDITORS
Amounts falling due within one year 6 32,391 29,799
NET CURRENT LIABILITIES (31,069 ) (27,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

769,204

772,565

CREDITORS
Amounts falling due after more than one year 7 (26,537 ) (26,537 )

PROVISIONS FOR LIABILITIES (146,201 ) (146,201 )
NET ASSETS 596,466 599,827

CAPITAL AND RESERVES
Called up share capital 118,000 118,000
Revaluation reserve 8 535,429 535,429
Retained earnings (56,963 ) (53,602 )
596,466 599,827

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.

G.T. Woodlands Limited (Registered number: 03231061)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr C G Thorne - Director


G.T. Woodlands Limited (Registered number: 03231061)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

G.T. Woodlands 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. 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.

Going Concern

At 30 September 2024, the balance sheet showed net current liabilities of £32,751 (2023 - £27,756) but net assets of £596,106 (2023 - £559,827). The directors have given an undertaking to financially support the company for at least 12 month from the date of signature on the balance sheet. The situation will be reviewed after this time. On this basis, the directors consider it appropriate to prepare the financial statement on a going concern basis.

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% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

G.T. Woodlands Limited (Registered number: 03231061)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 800,000 22,597 822,597
DEPRECIATION
At 1 October 2023 - 22,276 22,276
Charge for year - 48 48
At 30 September 2024 - 22,324 22,324
NET BOOK VALUE
At 30 September 2024 800,000 273 800,273
At 30 September 2023 800,000 321 800,321

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 681,630 - 681,630
Cost 118,370 22,597 140,967
800,000 22,597 822,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 844 1,564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 32,031 29,019
Accruals and deferred income 360 780
32,391 29,799

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 26,537 26,537

G.T. Woodlands Limited (Registered number: 03231061)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 535,429