Company No:
Contents
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| Investments |
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| 261,975 | 260,026 | |||
| Current assets | ||||
| Debtors | ||||
| - due within one year | 4 |
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| - due after more than one year | 4 |
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| Cash at bank and in hand |
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| 2,161,318 | 2,097,842 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 2,003,212 | 1,873,716 | ||
| Total assets less current liabilities | 2,265,187 | 2,133,742 | ||
| Creditors: amounts falling due after more than one year | 6 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Gunwharf Holdings Limited (registered number:
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Mr P Bailey
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Gunwharf Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is Unit MSU9A, Level 1,, 1 Charles Street, Plymouth, PL1 1EA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.
| Land and buildings | not depreciated |
| Office equipment |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Land and buildings | Office equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 December 2023 |
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| Additions |
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| At 30 November 2024 |
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| Accumulated depreciation | |||||
| At 01 December 2023 |
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| At 30 November 2024 |
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| Net book value | |||||
| At 30 November 2024 | 30,280 | 75 | 30,355 | ||
| At 30 November 2023 | 28,406 | 0 | 28,406 |
| 2024 | 2023 | ||
| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Amounts owed by own subsidiaries |
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| Amounts owed by directors |
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| Prepayments and accrued income |
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| Other debtors |
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| Debtors: amounts falling due after more than one year | |||
| Amounts owed by connected companies |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
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| Other loans |
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| Accruals |
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| Taxation and social security |
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| 2024 | 2023 | ||
| £ | £ | ||
| Other creditors |
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| 2024 | 2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 151.00 | 151.00 |
Transactions with the entity's directors
| 2024 | 2023 | ||
| £ | £ | ||
| Directors | 610,652 | 439,302 |
Other related party transactions
| 2024 | 2023 | ||
| £ | £ | ||
| Amounts owed by Group undertakings | 662,762 | 718,549 |
During the current year, a loan existed between Gunwharf Holdings Limited and Penlee Point Properties Limited. The balance is repayable on demand and no interest was charged during the year. At the balance sheet date, the amount due to Gunwharf Holdings Limited was £445,892 (2023: £428,900).
During the current year, a loan existed between Gunwharf Holdings Limited and Minnadhu Investments Limited. The balance is repayable on demand and no interest was charged during the year. At the balance sheet date, the amount due to Gunwharf Holdings Limited was £216,870 (2023: £289,649).