Registered number
SC473662
GSS REAL ESTATE LTD
Filleted Accounts
31 March 2023
GSS REAL ESTATE LTD
Registered number: SC473662
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 588,114 588,114
Current assets
Debtors 4 4,100 2,200
Cash at bank and in hand 98,410 84,545
102,510 86,745
Creditors: amounts falling due within one year 5 (5,209) (11,627)
Net current assets 97,301 75,118
Total assets less current liabilities 685,415 663,232
Creditors: amounts falling due after more than one year 6 (507,604) (505,368)
Net assets 177,811 157,864
Capital and reserves
Called up share capital 100 100
Profit and loss account 177,711 157,764
Shareholder's funds 177,811 157,864
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Gurnek Singh
Director
Approved by the board on 18 September 2023
GSS REAL ESTATE LTD
Notes to the Accounts
for the year ended 31 March 2023
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 represents the value, gross of value added tax and discounts, of rental income.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 588,114
At 31 March 2023 588,114
Net book value
At 31 March 2023 588,114
At 31 March 2022 588,114
4 Debtors 2023 2022
£ £
Trade debtors 4,100 2,200
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 530 1,500
Taxation and social security costs - 1,800
Corporation tax 4,679 8,327
5,209 11,627
6 Creditors: amounts falling due after one year 2023 2022
£ £
Director's loan account 357,604 355,368
Other creditors 150,000 150,000
507,604 505,368
GSS REAL ESTATE LTD SC473662 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Mr Gurnek Singh No description of principal activity SC473662 2021-04-01 2022-03-31 SC473662 core:WithinOneYear 2022-03-31 SC473662 core:AfterOneYear 2022-03-31 SC473662 core:ShareCapital 2022-03-31 SC473662 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC473662 2022-04-01 2023-03-31 SC473662 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC473662 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC473662 bus:Director40 2022-04-01 2023-03-31 SC473662 1 2022-04-01 2023-03-31 SC473662 2 2022-04-01 2023-03-31 SC473662 bus:FRS102 2022-04-01 2023-03-31 SC473662 bus:FullAccounts 2022-04-01 2023-03-31 SC473662 2023-03-31 SC473662 core:WithinOneYear 2023-03-31 SC473662 core:AfterOneYear 2023-03-31 SC473662 core:ShareCapital 2023-03-31 SC473662 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC473662 core:LandBuildings 2023-03-31 SC473662 2022-03-31 SC473662 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure