8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,156,622 11,981 3,144,641 3,144,641 3,156,622 xbrli:pure xbrli:shares iso4217:GBP 02840288 2023-05-01 2024-04-30 02840288 2024-04-30 02840288 2023-04-30 02840288 2022-05-01 2023-04-30 02840288 2023-04-30 02840288 2022-04-30 02840288 bus:Director1 2023-05-01 2024-04-30 02840288 core:WithinOneYear 2024-04-30 02840288 core:WithinOneYear 2023-04-30 02840288 core:UKTax 2023-05-01 2024-04-30 02840288 core:UKTax 2022-05-01 2023-04-30 02840288 core:LandBuildings 2023-05-01 2024-04-30 02840288 core:ShareCapital 2024-04-30 02840288 core:ShareCapital 2023-04-30 02840288 core:RetainedEarningsAccumulatedLosses 2024-04-30 02840288 core:RetainedEarningsAccumulatedLosses 2023-04-30 02840288 core:LandBuildings 2024-04-30 02840288 core:LandBuildings 2023-04-30 02840288 core:LandBuildings 2023-04-30 02840288 bus:SmallEntities 2023-05-01 2024-04-30 02840288 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02840288 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02840288 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02840288 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 02840288
Guidewell Limited
Filleted Unaudited Financial Statements
30 April 2024
Guidewell Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
3,144,641
3,156,622
Current assets
Debtors
7
55,280,329
55,284,500
Cash at bank and in hand
1,143,653
1,103,322
-------------
-------------
56,423,982
56,387,822
Creditors: amounts falling due within one year
8
58,699,684
58,688,132
-------------
-------------
Net current liabilities
2,275,702
2,300,310
------------
------------
Total assets less current liabilities
868,939
856,312
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
868,839
856,212
---------
---------
Shareholders funds
868,939
856,312
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 July 2025 , and are signed on behalf of the board by:
Mrs D Feldman
Director
Company registration number: 02840288
Guidewell Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents rents receivable during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
The company's freehold property is included in the Balance Sheet at historical cost. This is not in accordance with the requirements of Statement of Standard Accounting Practice No 19 which requires such properties to be stated at their open market value.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
966
70,154
----
--------
Tax on profit
966
70,154
----
--------
6. Tangible assets
Land and buildings
£
Cost
At 1 May 2023
3,156,622
Disposals
( 11,981)
------------
At 30 April 2024
3,144,641
------------
Depreciation
At 1 May 2023 and 30 April 2024
------------
Carrying amount
At 30 April 2024
3,144,641
------------
At 30 April 2023
3,156,622
------------
7. Debtors
2024
2023
£
£
Amounts owed by related undertakings
55,266,425
55,266,424
Other debtors
13,904
18,076
-------------
-------------
55,280,329
55,284,500
-------------
-------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to related companies
58,534,023
58,527,986
Corporation tax
117,067
116,097
Other creditors
48,594
44,049
-------------
-------------
58,699,684
58,688,132
-------------
-------------
9. Related party transactions
The ultimate parent company is Inremco 26 Limited, which is registered in England and Wales. The largest group in which the results of the company are consolidated is that headed by Inremco 26 Limited. The smallest group in which the results of the company are consolidated is that headed by Inremco 26 Limited. The consolidated accounts of the group are available to the public at the company's registered office namely Hallswelle House, 1 Hallswelle Road, London NW11 0DH. The company has taken advantage of the exemption in Financial Reporting Standard No 8 from disclosing transactions with related parties that are part of the Inremco 26 Limited group and investees of that group.
10. Controlling party
The ultimate holding company is Inremco 26 Ltd, a company incorporated in United Kingdom.