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Company Registration No. SC669377 (Scotland)
GWM PROPERTY LIMITED Unaudited accounts for the year ended 31 July 2026
GWM PROPERTY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GWM PROPERTY LIMITED Company Information for the year ended 31 July 2026
Director
Gordon William Malcolm
Company Number
SC669377 (Scotland)
Registered Office
201 North Street Inverurie Aberdeenshire AB51 5AG
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GWM PROPERTY LIMITED Statement of financial position as at 31 July 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
56,836
67,094
Investment property
5
250,000
216,679
306,836
283,773
Current assets
Debtors
6
60,000
-
Cash at bank and in hand
7,283
2,406
67,283
2,406
Creditors: amounts falling due within one year
7
(5,813)
(5,409)
Net current assets/(liabilities)
61,470
(3,003)
Total assets less current liabilities
368,306
280,770
Creditors: amounts falling due after more than one year
8
(323,726)
(267,944)
Provisions for liabilities
Deferred tax
(6,331)
-
Net assets
38,249
12,826
Capital and reserves
Called up share capital
1
1
Profit and loss account
38,248
12,825
Shareholders' funds
38,249
12,826
For the year ending 31 July 2026 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 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 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 and authorised for issue on 2 August 2026 and were signed on its behalf by
Gordon William Malcolm Director Company Registration No. SC669377
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GWM PROPERTY LIMITED Notes to the Accounts for the year ended 31 July 2026
1
Statutory information
GWM PROPERTY LIMITED is a private company, limited by shares, registered in Scotland, registration number SC669377. The registered office is 201 North Street, Inverurie, Aberdeenshire, AB51 5AG.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Fixtures & fittings
12.5%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2025
67,873
930
68,803
Additions
-
45
45
At 31 July 2026
67,873
975
68,848
Depreciation
At 1 August 2025
1,697
12
1,709
Charge for the year
10,181
122
10,303
At 31 July 2026
11,878
134
12,012
Net book value
At 31 July 2026
55,995
841
56,836
At 31 July 2025
66,176
918
67,094
5
Investment property
2026
£
Fair value at 1 August 2025
216,679
Net gain from fair value adjustments
33,321
At 31 July 2026
250,000
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GWM PROPERTY LIMITED Notes to the Accounts for the year ended 31 July 2026
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
60,000
-
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
5,813
5,409
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
133,726
139,944
Amounts owed to group undertakings and other participating interests
190,000
128,000
323,726
267,944
9
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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