Company Registration No. 13082541 (England and Wales)
GWABALANDA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
GWABALANDA LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
GWABALANDA LIMITED
Company Registration No. 13082541
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,415
-
0
Current assets
Debtors
4
4,405
7,971
Cash at bank and in hand
260
8,487
4,665
16,458
Creditors: amounts falling due within one year
5
(12,710)
(5,006)
Net current (liabilities)/assets
(8,045)
11,452
Net (liabilities)/assets
(6,630)
11,452
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(6,631)
11,451
Total equity
(6,630)
11,452

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 7 October 2025
N Makuyana
Director
GWABALANDA LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
1
112
113
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
21,339
21,339
Dividends
-
(10,000)
(10,000)
Balance at 31 December 2023
1
11,451
11,452
Year ended 31 December 2024:
Loss and total comprehensive income for the year
-
(18,082)
(18,082)
Balance at 31 December 2024
1
(6,631)
(6,630)
GWABALANDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Gwabalanda Limited is a private company limited by shares incorporated in England and Wales. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

During the year the company made a loss of £22,486 and at the balance sheet date the true company ha d net liabilities of £6,630. Included within other creditors is a balance owed to the director of £10,220 which they have confirmed they will not draw and have confirmed that they will continue to support the company and is confident that it has adequate resources to continue in operational existence for the foreseeable future and meet its financial obligations. Therefore they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 Years Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

GWABALANDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
GWABALANDA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
-
0
Additions
2,038
At 31 December 2024
2,038
Depreciation and impairment
At 1 January 2024
-
0
Depreciation charged in the year
623
At 31 December 2024
623
Carrying amount
At 31 December 2024
1,415
At 31 December 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1
7,971
Corporation tax recoverable
4,404
-
0
4,405
7,971
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
-
0
5,006
Other creditors
12,710
-
0
12,710
5,006
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
100 Ordinary shares of 1p each
100
100
1
1
2024-12-31 2024-01-01 false false false 13 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity N Makuyana 13082541 2024-01-01 2024-12-31 13082541 2024-12-31 13082541 2023-12-31 13082541 core:OtherPropertyPlantEquipment 2024-12-31 13082541 core:OtherPropertyPlantEquipment 2023-12-31 13082541 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13082541 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13082541 core:CurrentFinancialInstruments 2024-12-31 13082541 core:CurrentFinancialInstruments 2023-12-31 13082541 core:ShareCapital 2024-12-31 13082541 core:ShareCapital 2023-12-31 13082541 core:RetainedEarningsAccumulatedLosses 2024-12-31 13082541 core:RetainedEarningsAccumulatedLosses 2023-12-31 13082541 core:ShareCapital 2022-12-31 13082541 core:RetainedEarningsAccumulatedLosses 2022-12-31 13082541 2022-12-31 13082541 core:ShareCapitalOrdinaryShareClass1 2024-12-31 13082541 core:ShareCapitalOrdinaryShareClass1 2023-12-31 13082541 bus:Director1 2024-01-01 2024-12-31 13082541 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13082541 2023-01-01 2023-12-31 13082541 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 13082541 core:ComputerEquipment 2024-01-01 2024-12-31 13082541 core:OtherPropertyPlantEquipment 2023-12-31 13082541 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 13082541 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13082541 bus:OrdinaryShareClass1 2024-12-31 13082541 bus:OrdinaryShareClass1 2023-12-31 13082541 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13082541 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13082541 bus:FRS102 2024-01-01 2024-12-31 13082541 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13082541 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP