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GAS STRUT HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MAY 2023






GAS STRUT HOLDINGS LIMITED (REGISTERED NUMBER: 09902086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

GAS STRUT HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: M J Lacey
T C Osborne





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 09902086 (England and Wales)





ACCOUNTANTS: Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

GAS STRUT HOLDINGS LIMITED (REGISTERED NUMBER: 09902086)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 1,200,000 1,200,000
1,200,100 1,200,100

CURRENT ASSETS
Debtors 6 737,995 441,079
Cash at bank 964,483 972,141
1,702,478 1,413,220
CREDITORS
Amounts falling due within one year 7 251,395 275,528
NET CURRENT ASSETS 1,451,083 1,137,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,651,183

2,337,792

PROVISIONS FOR LIABILITIES 134,619 102,311
NET ASSETS 2,516,564 2,235,481

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non distributable reserve 9 439,858 472,166
Retained earnings 2,076,606 1,763,215
SHAREHOLDERS' FUNDS 2,516,564 2,235,481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

GAS STRUT HOLDINGS LIMITED (REGISTERED NUMBER: 09902086)

BALANCE SHEET - continued
31ST MAY 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th October 2023 and were signed on its behalf by:





M J Lacey - Director


GAS STRUT HOLDINGS LIMITED (REGISTERED NUMBER: 09902086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Gas Strut Holdings 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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

Preparation of consolidated financial statements
The financial statements contain information about Gas Strut Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rental income and associated recharges received on investment properties, stated net of value added tax.

Dividends received from subsidiaries are also disclosed within turnover.

Tangible fixed assets
Buildings has not been depreciated as purchased at the year end.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss account.

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.

GAS STRUT HOLDINGS LIMITED (REGISTERED NUMBER: 09902086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st June 2022
and 31st May 2023 100
NET BOOK VALUE
At 31st May 2023 100
At 31st May 2022 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2022
and 31st May 2023 1,200,000
NET BOOK VALUE
At 31st May 2023 1,200,000
At 31st May 2022 1,200,000

Fair value at 31st May 2023 is represented by:
£   
Valuation in 2022 574,477
Cost 625,523
1,200,000

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 625,523 625,523

Investment property was valued on an open market basis on 31st May 2023 by Mr M Lacey, the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 730,842 435,903
Prepayments and accrued income 7,153 5,176
737,995 441,079

GAS STRUT HOLDINGS LIMITED (REGISTERED NUMBER: 09902086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 10,237 9,261
VAT 1,687 1,686
Directors' current accounts 238,171 263,381
Accruals and deferred income 1,300 1,200
251,395 275,528

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 ORDINARY £1 100 100

9. RESERVES
Non
distributable
reserve
£   
At 1st June 2022 472,166
Transfer from revaluation (32,308 )

At 31st May 2023 439,858

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GAS STRUT HOLDINGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gas Strut Holdings Limited for the year ended 31st May 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gas Strut Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gas Strut Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Gas Strut Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gas Strut Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gas Strut Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gas Strut Holdings Limited. You consider that Gas Strut Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gas Strut Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


12th October 2023