Registered number
11108863
G I Properties (Nuneaton) Limited
Filleted Accounts
31 December 2022
G I Properties (Nuneaton) Limited
Registered number: 11108863
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Investments 3 304,635 304,635
Current assets
Debtors 4 6,932 13,749
Cash at bank and in hand 21,807 11,037
28,739 24,786
Creditors: amounts falling due within one year 5 (315,135) (317,533)
Net current liabilities (286,396) (292,747)
Net assets 18,239 11,888
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,139 11,788
Shareholders' funds 18,239 11,888
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Parry
Director
Approved by the board on 23 October 2023
G I Properties (Nuneaton) Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 January 2022 304,635
At 31 December 2022 304,635
4 Debtors 2022 2021
£ £
Trade debtors 6,832 13,649
Other debtors 100 100
6,932 13,749
5 Creditors: amounts falling due within one year 2022 2021
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 302,347 302,347
Taxation and social security costs 5,206 5,319
Other creditors 7,582 9,867
315,135 317,533
6 Other information
G I Properties (Nuneaton) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Abbey House
105 Abbey Street
Nuneaton
Warwickshire
CV11 5BX
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