Company Registration No. 13913395 (England and Wales)
GAC Estates Ltd
Unaudited accounts
for the period from 14 February 2022 to 28 February 2023
GAC Estates Ltd
Unaudited accounts
Contents
GAC Estates Ltd
Statement of financial position
as at 28 February 2023
Investment property
342,000
Cash at bank and in hand
2,755
Creditors: amounts falling due within one year
(357,955)
Net current liabilities
(353,800)
Profit and loss account
(11,805)
Shareholders' funds
(11,800)
For the period ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Jason Green
Director
Company Registration No. 13913395
GAC Estates Ltd
Notes to the Accounts
for the period from 14 February 2022 to 28 February 2023
GAC Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 13913395. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
At 28 February 2023
342,000
Amounts falling due within one year
Accrued income and prepayments
1,395
6
Creditors: amounts falling due within one year
2023
7
Average number of employees
During the period the average number of employees was 2.