Gablecourt Limited 1631201 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 1631201 2022-04-01 2023-03-31 1631201 2023-03-31 1631201 bus:OrdinaryShareClass1 2023-03-31 1631201 core:CurrentFinancialInstruments 2023-03-31 1631201 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 1631201 core:FurnitureFittingsToolsEquipment 2023-03-31 1631201 bus:SmallEntities 2022-04-01 2023-03-31 1631201 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 1631201 bus:FullAccounts 2022-04-01 2023-03-31 1631201 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 1631201 bus:RegisteredOffice 2022-04-01 2023-03-31 1631201 bus:Director1 2022-04-01 2023-03-31 1631201 bus:Director2 2022-04-01 2023-03-31 1631201 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 1631201 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 1631201 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 1631201 core:OfficeEquipment 2022-04-01 2023-03-31 1631201 countries:England 2022-04-01 2023-03-31 1631201 2022-03-31 1631201 core:FurnitureFittingsToolsEquipment 2022-03-31 1631201 2021-04-01 2022-03-31 1631201 2022-03-31 1631201 bus:OrdinaryShareClass1 2022-03-31 1631201 core:CurrentFinancialInstruments 2022-03-31 1631201 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 1631201 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 1631201

Gablecourt Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Gablecourt Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Gablecourt Limited

Company Information

Directors

Mr Ross Peter Ballerino

Mr Nigel Benstead

Registered office

10 Ardmore Way
Guildford
Surrey
GU2 9RR

Accountants

Rouse Accountants
Chartered Certified Accountants
10 Ardmore Way
Guildford
Surrey
GU2 9RR

 

Gablecourt Limited

Profit and Loss Account for the Year Ended 31 March 2023

Note

2023
£

2022
£

Turnover

 

16,200

16,200

Gross profit

 

16,200

16,200

Administrative expenses

 

(2,002)

(866)

Operating profit

 

14,198

15,334

Other interest receivable and similar income

 

28

1

Profit before tax

14,226

15,335

Tax on profit

 

(2,703)

(2,914)

Profit for the financial year

 

11,523

12,421

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Gablecourt Limited

(Registration number: 1631201)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

1

Investment property

5

150,000

150,000

 

150,000

150,001

Current assets

 

Debtors

6

-

2,925

Cash at bank and in hand

 

15,068

10,829

 

15,068

13,754

Creditors: Amounts falling due within one year

7

(4,219)

(4,429)

Net current assets

 

10,849

9,325

Total assets less current liabilities

 

160,849

159,326

Provisions for liabilities

(18,674)

(18,674)

Net assets

 

142,175

140,652

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

142,075

140,552

Shareholders' funds

 

142,175

140,652

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2023 and signed on its behalf by:
 

 

Gablecourt Limited

(Registration number: 1631201)
Balance Sheet as at 31 March 2023

.........................................
Mr Ross Peter Ballerino
Director

 

Gablecourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Ardmore Way
Guildford
Surrey
GU2 9RR

These financial statements were authorised for issue by the Board on 25 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Gablecourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Gablecourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

660

660

Disposals

(660)

(660)

At 31 March 2023

-

-

Depreciation

At 1 April 2022

659

659

Eliminated on disposal

(659)

(659)

At 31 March 2023

-

-

Carrying amount

At 31 March 2023

-

-

At 31 March 2022

1

1

5

Investment properties

2023
£

At 1 April

150,000

At 31 March

150,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

2,925

 

Gablecourt Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

2,703

2,914

Accruals and deferred income

756

756

Other creditors

760

759

4,219

4,429

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100