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Company Registration No. SC082861 (Scotland)
GWB Properties Limited Unaudited accounts for the year ended 31 December 2024
GWB Properties Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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GWB Properties Limited Company Information for the year ended 31 December 2024
Directors
Gordon Beith Kathleen Beith
Company Number
SC082861 (Scotland)
Registered Office
6 South Road Clarkston Glasgow G76 8JB United Kingdom
Accountants
Lavelle Business Consultancy Ltd 1 Woodlands Gate Thornliebank Glasgow G46 7SS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GWB Properties Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GWB Properties Limited for the year ended 31 December 2024 as set out on pages 5 - 6 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the Board of Directors of GWB Properties Limited, as a body, in accordance with the terms of our engagement letter dated 24 February 2016. Our work has been undertaken solely to prepare for your approval the accounts of GWB Properties Limited and state those matters that we have agreed to state to the Board of Directors of GWB Properties Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GWB Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GWB Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GWB Properties Limited. You consider that GWB Properties 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 accounts of GWB Properties 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 accounts.
Lavelle Business Consultancy Ltd Chartered Accountants 1 Woodlands Gate Thornliebank Glasgow G46 7SS 8 September 2025
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GWB Properties Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
4
575,235 
564,294 
Current assets
Debtors
5
490,000 
490,000 
Cash at bank and in hand
10,146 
62,182 
500,146 
552,182 
Creditors: amounts falling due within one year
6
(30,821)
(15,627)
Net current assets
469,325 
536,555 
Net assets
1,044,560 
1,100,849 
Capital and reserves
Called up share capital
16,714 
16,714 
Share premium
14,298 
14,298 
Profit and loss account
1,013,548 
1,069,837 
Shareholders' funds
1,044,560 
1,100,849 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by
Gordon Beith Director Company Registration No. SC082861
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GWB Properties Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
GWB Properties Limited is a private company, limited by shares, registered in Scotland, registration number SC082861. The registered office is 6 South Road, Clarkston, Glasgow, G76 8JB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Other investments 
£ 
Valuation at 1 January 2024
564,294 
Fair value adjustments
10,941 
Valuation at 31 December 2024
575,235 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
490,000 
490,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,978 
2,479 
Loans from directors
24,093 
10,648 
Accruals
2,750 
2,500 
30,821 
15,627 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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