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Company No: 10482696 (England and Wales)

GUNWHARF HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

GUNWHARF HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

GUNWHARF HOLDINGS LIMITED

BALANCE SHEET

As at 30 November 2024
GUNWHARF HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 30,355 28,406
Investments 231,620 231,620
261,975 260,026
Current assets
Debtors
- due within one year 4 1,478,783 1,374,160
- due after more than one year 4 681,044 681,044
Cash at bank and in hand 1,491 42,638
2,161,318 2,097,842
Creditors: amounts falling due within one year 5 ( 158,106) ( 224,126)
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 ( 280,800) ( 168,756)
Net assets 1,984,387 1,964,986
Capital and reserves
Called-up share capital 7 152 152
Profit and loss account 1,984,235 1,964,834
Total shareholders' funds 1,984,387 1,964,986

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Gunwharf Holdings Limited (registered number: 10482696) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

Mr P Bailey
Director
GUNWHARF HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
GUNWHARF HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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

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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Land and buildings Office equipment Total
£ £ £
Cost
At 01 December 2023 28,406 0 28,406
Additions 1,874 75 1,949
At 30 November 2024 30,280 75 30,355
Accumulated depreciation
At 01 December 2023 0 0 0
At 30 November 2024 0 0 0
Net book value
At 30 November 2024 30,280 75 30,355
At 30 November 2023 28,406 0 28,406

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Amounts owed by own subsidiaries 662,762 718,549
Amounts owed by directors 610,652 439,302
Prepayments and accrued income 45 10,801
Other debtors 205,324 205,508
1,478,783 1,374,160
Debtors: amounts falling due after more than one year
Amounts owed by connected companies 681,044 681,044

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 45 0
Other loans 40,000 69,000
Accruals 41,754 17,839
Taxation and social security 76,307 137,287
158,106 224,126

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 280,800 168,756

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
7,550 Ordinary A shares of £ 0.01 each 75.50 75.50
7,550 Ordinary B shares of £ 0.01 each 75.50 75.50
151.00 151.00

All shares rank pari passu in all respects, but shall constitute a separate class of shares.

8. Related party transactions

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).