G.T.W. Holdings Limited - Accounts to registrar (filleted) - small 18.2
G.T.W. Holdings Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2021 |
for |
G.T.W. Holdings Limited |
G.T.W. Holdings Limited (Registered number: SC005385) |
Contents of the Financial Statements |
For The Year Ended 30 September 2021 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
G.T.W. Holdings Limited |
Company Information |
For The Year Ended 30 September 2021 |
DIRECTORS: |
SECRETARIES: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
BANKERS: |
30 St Vincent Place |
Glasgow |
G1 2HL |
SOLICITORS: |
Whitehall House |
33 Yeaman Shore |
Dundee |
DD1 4BJ |
G.T.W. Holdings Limited (Registered number: SC005385) |
Statement of Financial Position |
30 September 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
G.T.W. Holdings Limited (Registered number: SC005385) |
Statement of Financial Position - continued |
30 September 2021 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
G.T.W. Holdings Limited (Registered number: SC005385) |
Notes to the Financial Statements |
For The Year Ended 30 September 2021 |
1. | STATUTORY INFORMATION |
G.T.W. Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Heritable property | - |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the statement of comprehensive income. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
G.T.W. Holdings Limited (Registered number: SC005385) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2021 |
4. | TANGIBLE FIXED ASSETS |
Heritable | Plant & |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 October 2020 |
and 30 September 2021 |
DEPRECIATION |
At 1 October 2020 |
Charge for year |
At 30 September 2021 |
NET BOOK VALUE |
At 30 September 2021 |
At 30 September 2020 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 October 2020 |
and 30 September 2021 |
NET BOOK VALUE |
At 30 September 2021 |
At 30 September 2020 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
Due from group companies | 420,081 | 543,140 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Tax |
Other creditors |
Due to group companies | 50,000 | 50,000 |
Accrued expenses |
G.T.W. Holdings Limited (Registered number: SC005385) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2021 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary | £1.00 | 90,736 | 90,736 |
Preference | £1.00 | 11,222 | 11,222 |
101,958 | 101,958 |
The preference shares have the same voting rights as the ordinary share capital of the company and attract a dividend of 7.2% per annum. The holders of the ordinary shares rank second to the holders of the preference shares on winding up. The preference shares have no set redemption dates. |
9. | RELATED PARTY DISCLOSURES |
As group accounts are prepared, the company has taken advantage of the exemption from disclosing transactions with group companies. |
Obra Properties Ltd |
A company controlled by Miss J Ritchie & Mrs S Currie, who are shareholders in G.T.W. Holdings Limited. |
As at 30 September 2021, the loan balance was £145,000 due to G.T.W. Holdings Limited from Obra Properties Ltd (2020: £135,000). |