Registered number
01877256
GUARANTEED INVESTMENTS LIMITED
Filleted Accounts
31 March 2023
GUARANTEED INVESTMENTS LIMITED
Registered number: 01877256
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,324,053 1,342,641
Current assets
Stocks 2,060 -
Debtors 5 1,655,267 1,603,655
Cash at bank and in hand 1,704 35,263
1,659,031 1,638,918
Creditors: amounts falling due within one year 6 (31,513) (136,110)
Net current assets 1,627,518 1,502,808
Total assets less current liabilities 2,951,571 2,845,449
Creditors: amounts falling due after more than one year 7 (664,378) (469,049)
Provisions for liabilities (249,212) (256,970)
Net assets 2,037,981 2,119,430
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 69,269 80,919
Profit and loss account 1,968,612 2,038,411
Shareholders' funds 2,037,981 2,119,430
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.
J F MCDONNELL
Director
Approved by the board on 17 July 2023
GUARANTEED INVESTMENTS LIMITED
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 is measured at the fair value of the consideration received or receivable. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% net book value
Fixtures, fittings, tools and equipment 25% net book value
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 1,322,413 30,436 19,188 1,372,037
At 31 March 2023 1,322,413 30,436 19,188 1,372,037
Depreciation
At 1 April 2022 - 29,032 18,952 47,984
At 31 March 2023 - 29,032 18,952 47,984
Net book value
At 31 March 2023 1,322,413 1,404 236 1,324,053
At 31 March 2022 1,341,001 1,404 236 1,342,641
4 Investments
Investment
Property
£
Cost
At 31 March 2023 -
Historical cost
At 1 April 2022 326,559
At 31 March 2023 326,559
In the opinion of the directors, the total value of the investment properties held at the year end was as stated above.
5 Debtors 2023 2022
£ £
Trade debtors 2,725 2,726
Intercompany Loans 1,652,542 1,600,927
Other debtors - 2
1,655,267 1,603,655
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,031 -
Trade creditors - 35,279
Taxation and social security costs 20,044 23,354
Other creditors 4,438 77,477
31,513 136,110
7 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors 35,079 -
Directors account 617,641 469,049
Lessee Service Charge account 11,658 -
664,378 469,049
8 Revaluation reserve 2023 2022
£ £
At 1 April 2022 80,919 175,406
Loss on revaluation of land and buildings (11,650) (94,487)
At 31 March 2023 69,269 80,919
9 Related party transactions
Guaranteed Property Services Limited - a company in which Mrs S Marshall and Mrs S Wynne are also directors..

As at the balance sheet date the company was owed £198,678 by Guaranteed Property Services Ltd.

Qnewhomes Limited - a company in which JF McDonnell, Mrs S Marshall and Miss S Wynne are also directors at the balance sheet date, the company was owed £974,597 by Qnewhomes Limited
10 Controlling party
The ccompany is controlled by its directors
11 Other information
GUARANTEED INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1a Honley Road
Catford
London
SE6 2HZ
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