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REGISTERED NUMBER: 07488503 (England and Wales)















GHYLL ASSOCIATES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






GHYLL ASSOCIATES LIMITED (REGISTERED NUMBER: 07488503)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GHYLL ASSOCIATES LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: H P Scott
Mrs P Scott





REGISTERED OFFICE: Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 07488503 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

GHYLL ASSOCIATES LIMITED (REGISTERED NUMBER: 07488503)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 3,224 21,267
Cash at bank 41,441 10,680
44,665 31,947
CREDITORS
Amounts falling due within one year 6 15,771 19,133
NET CURRENT ASSETS 28,894 12,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,894

12,814

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 7 28,884 12,804
SHAREHOLDERS' FUNDS 28,894 12,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 28 September 2023 and were signed on its behalf by:





H P Scott - Director


GHYLL ASSOCIATES LIMITED (REGISTERED NUMBER: 07488503)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Ghyll Associates 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.

The financial statements are presented in Sterling which is the functional currency of the company.

TURNOVER
Turnover represents net invoiced sales of services.

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 - 33% on cost

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

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 makes pension contributions into personal pension plans for its employees. Contributions payable are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

GHYLL ASSOCIATES LIMITED (REGISTERED NUMBER: 07488503)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 850
DEPRECIATION
At 1 April 2022
and 31 March 2023 850
NET BOOK VALUE
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,224 21,267

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 12,495 15,805
Other creditors 3,276 3,328
15,771 19,133

7. RESERVES
Retained
earnings
£   

At 1 April 2022 12,804
Profit for the year 40,580
Dividends (24,500 )
At 31 March 2023 28,884

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr H Scott and Mrs P Scott by virtue of their shareholdings in the company