Gowa Ltd.

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 04376416

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	94,734		96,689
Debtors	5	142,629		190,794
Cash at bank and in hand		104,191		141,207

		341,554		428,690
Creditors: Amounts Falling Due Within One Year	6	(76,633 )		(73,311 )

NET CURRENT ASSETS (LIABILITIES)			264,921		355,379

TOTAL ASSETS LESS CURRENT LIABILITIES			264,921		355,379

NET ASSETS			264,921		355,379

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			264,821		355,279

SHAREHOLDERS' FUNDS			264,921		355,379

For the year ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Martijn Vrolijk

Director

29/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Gowa Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04376416 . The registered office is 2e Jan vd Heijdenstr 95-1, AMSTERDAM 107 4XT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: NIL)

4. Stocks

	2024	2023
	£	£
Stock	94,734	96,689

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	39,168	82,427
Amounts owed by group undertakings	2,900	3,033
Amounts owed by participating interests	96,692	101,603
Other debtors	3,869	3,731

	142,629	190,794

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Gowa Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 29 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	13,174	3,200
Other creditors	75,573	82,225
Taxation and social security	(12,114 )	(12,114 )

	76,633	73,311

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Dutch Wings Foundation .

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