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REGISTERED NUMBER: 03776929 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

GIL INVESTMENTS LIMITED

GIL INVESTMENTS LIMITED (REGISTERED NUMBER: 03776929)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GIL INVESTMENTS LIMITED

Company Information
for the Year Ended 31 December 2021







DIRECTORS: L R Litwinowicz
T Middleton
R A Banham





SECRETARY: T Middleton





REGISTERED OFFICE: 5 The Courtyard
Timothy's Bridge Road
Stratford-on-Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 03776929 (England and Wales)





AUDITORS: Haslehursts Limited
Statutory Auditor
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE

GIL INVESTMENTS LIMITED (REGISTERED NUMBER: 03776929)

Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,873 4,731
Investments 5 125,117 98,447
130,990 103,178

CURRENT ASSETS
Debtors 6 449,184 418,047
Cash at bank and in hand 556,492 546,440
1,005,676 964,487
CREDITORS
Amounts falling due within one year 7 (853,487 ) (867,680 )
NET CURRENT ASSETS 152,189 96,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,179

199,985

CAPITAL AND RESERVES
Called up share capital 153 153
Share premium 70,967 70,967
Capital redemption reserve 900 900
Retained earnings 211,159 127,965
SHAREHOLDERS' FUNDS 283,179 199,985

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





L R Litwinowicz - Director


GIL INVESTMENTS LIMITED (REGISTERED NUMBER: 03776929)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

GIL Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Other assets 10% - 25% per annum

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 6 ) .

GIL INVESTMENTS LIMITED (REGISTERED NUMBER: 03776929)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 109,180
Additions 3,632
At 31 December 2021 112,812
DEPRECIATION
At 1 January 2021 104,449
Charge for year 2,490
At 31 December 2021 106,939
NET BOOK VALUE
At 31 December 2021 5,873
At 31 December 2020 4,731

5. FIXED ASSET INVESTMENTS

2021 2020
£    £   
Participating interests 42,503 15,833
Loans to undertakings in which the
company has a participating interest

82,614

82,614
125,117 98,447

Additional information is as follows:
Interest
in other
participating
interests
£   
COST
At 1 January 2021 15,833
Additions 28,670
Disposals (2,000 )
At 31 December 2021 42,503
NET BOOK VALUE
At 31 December 2021 42,503
At 31 December 2020 15,833

GIL INVESTMENTS LIMITED (REGISTERED NUMBER: 03776929)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


5. FIXED ASSET INVESTMENTS - continued
Loans to
other
participating
interests
£   
At 1 January 2021
and 31 December 2021 82,614

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 388,406 399,062
Other debtors 60,778 18,985
449,184 418,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 10,628 17,509
Taxation and social security 106,068 110,672
Other creditors 736,791 739,499
853,487 867,680

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 25,000 25,000
Between one and five years 29,167 54,167
54,167 79,167

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Thomas William Haslehurst (Senior Statutory Auditor)
for and on behalf of Haslehursts Limited