Company Registration No. 08290186 (England and Wales)
GABLES ASSET MANAGEMENT LIMITED
Unaudited accounts
for the year ended 31 January 2023
GABLES ASSET MANAGEMENT LIMITED
Unaudited accounts
Contents
GABLES ASSET MANAGEMENT LIMITED
Company Information
for the year ended 31 January 2023
Company Number
08290186 (England and Wales)
Registered Office
OFFICE 7
37-39 SHAKESPEARE STREET
SOUTHPORT
MERSEYSIDE
PR8 5AB
UNITED KINGDOM
Accountants
Henshaws Accountants
Office 7
37-39 Shakespeare Street
Southport
PR8 5AB
GABLES ASSET MANAGEMENT LIMITED
Statement of financial position
as at 31 January 2023
Investment property
1,000,000
1,000,000
Cash at bank and in hand
376,702
338,219
Creditors: amounts falling due within one year
(13,783)
(13,926)
Net current assets
397,622
358,097
Net assets
1,398,524
1,358,097
Called up share capital
450,000
450,000
Profit and loss account
948,524
908,097
Shareholders' funds
1,398,524
1,358,097
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2023 and were signed on its behalf by
K LUNN
Director
Company Registration No. 08290186
GABLES ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2023
GABLES ASSET MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08290186. The registered office is OFFICE 7, 37-39 SHAKESPEARE STREET, SOUTHPORT, MERSEYSIDE, PR8 5AB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
GABLES ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Computer equipment
Fair value at 1 February 2022
1,000,000
At 31 January 2023
1,000,000
A formal valuation of the investment property was carried out on the 22nd March 2022.
The Director feels that this represents the most accurate fair value of the property on the date of the Balance Sheet
Due to an imminent liquidation of the investments held an impairment adjustment has been included to reflect its fair value
Amounts falling due within one year
Trade debtors
33,804
33,804
Accrued income and prepayments
899
-
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,673
8,998
Loans from directors
1,700
2,444
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).