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REGISTERED NUMBER: 11781525 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

GYLLENDAL LTD

GYLLENDAL LTD (REGISTERED NUMBER: 11781525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GYLLENDAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: R K Sundstrom





SECRETARY:





REGISTERED OFFICE: 4 The Crescent
Adel
Leeds
LS16 6AA





REGISTERED NUMBER: 11781525 (England and Wales)





ACCOUNTANTS: D & J Randles
Chartered Accountants
4 The Crescent
Adel
Leeds
West Yorkshire
LS16 6AA

GYLLENDAL LTD (REGISTERED NUMBER: 11781525)

ABRIDGED BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 381 571
Investment property 5 370,782 585,782
371,163 586,353

CURRENT ASSETS
Cash at bank 31,402 184,518

CREDITORS
Amounts falling due within one year 473,532 828,636
NET CURRENT LIABILITIES (442,130 ) (644,118 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,967

)

(57,765

)

CREDITORS
Amounts falling due after more than one
year

6

170,332

176,482
NET LIABILITIES (241,299 ) (234,247 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (241,399 ) (234,347 )
(241,299 ) (234,247 )

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

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

The director acknowledges his 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.

GYLLENDAL LTD (REGISTERED NUMBER: 11781525)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





R K Sundstrom - Director


GYLLENDAL LTD (REGISTERED NUMBER: 11781525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Gyllendal Ltd 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.

Although liabilities exceed assets at the balance sheet date, the accounts have been prepared on a going concern basis because in the opinion of the director, the company will have sufficient funds to enable it to continue trading for the foreseeable future.

Turnover
Turnover represents net rents receivable. The company is not registered for value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

GYLLENDAL LTD (REGISTERED NUMBER: 11781525)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022
and 31 January 2023 951
DEPRECIATION
At 1 February 2022 380
Charge for year 190
At 31 January 2023 570
NET BOOK VALUE
At 31 January 2023 381
At 31 January 2022 571

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 585,782
Disposals (215,000 )
At 31 January 2023 370,782
NET BOOK VALUE
At 31 January 2023 370,782
At 31 January 2022 585,782

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.23 31.1.22
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 153,000 153,000

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 176,160 182,310

Bank loans are secured by a debenture containing a fixed and floating charge.
Certain other loans are secured by a charge on certain of the company's investment properties. (This charge was satisfied after the year end.)