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REGISTERED NUMBER: 00658216 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GIPPESWYK INVESTMENT COMPANY LIMITED

GIPPESWYK INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00658216)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIPPESWYK INVESTMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J G N Thompson
Mrs D M Thompson



SECRETARY: Mrs D M Thompson



REGISTERED OFFICE: 89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA



REGISTERED NUMBER: 00658216 (England and Wales)



ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA



BANKERS: National Westminster Bank plc
City of London Office Branch
PO Box 12258
1 Princes Street
London
EC2R 8PA



SOLICITORS: Bates Wells & Braithwaite
29 Lower Brook Street
Ipswich
Suffolk
IP4 1AQ

GIPPESWYK INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00658216)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,663,733 1,663,831

CURRENT ASSETS
Stocks 100,000 116,350
Debtors 5 36,991 37,957
Investments 6 175,000 175,000
Cash at bank 20,116 19,946
332,107 349,253
CREDITORS
Amounts falling due within one year 7 38,290 31,736
NET CURRENT ASSETS 293,817 317,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,957,550

1,981,348

PROVISIONS FOR LIABILITIES 142,442 108,256
NET ASSETS 1,815,108 1,873,092

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 8 1,814,908 1,872,892
SHAREHOLDERS' FUNDS 1,815,108 1,873,092

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

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

The directors acknowledge their 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.

GIPPESWYK INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00658216)

BALANCE SHEET - continued
31 MARCH 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





J G N Thompson - Director


GIPPESWYK INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00658216)

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


1. STATUTORY INFORMATION

Gippeswyk Investment Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents income from the development and sale of properties and investments, and rental income.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment properties are stated at open market value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans from / to related parties.

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.


GIPPESWYK INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00658216)

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


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Going concern
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has continued to be used in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 1,663,342 13,506 1,676,848
DEPRECIATION
At 1 April 2022 - 13,017 13,017
Charge for year - 98 98
At 31 March 2023 - 13,115 13,115
NET BOOK VALUE
At 31 March 2023 1,663,342 391 1,663,733
At 31 March 2022 1,663,342 489 1,663,831

GIPPESWYK INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00658216)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 1,663,342 - 1,663,342
Cost - 13,506 13,506
1,663,342 13,506 1,676,848

Land & buildings were valued on an open market basis on 31 March 2022 by the Directors .

Land & buildings original cost £370,602 (2022: £370,602). Investment revaluation, included within reserves £1,292,740 (2022: £1,292,740).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 36,991 37,957

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other unlisted investments 175,000 175,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,166 -
Taxation and social security 6,308 6,427
Other creditors 29,816 25,309
38,290 31,736

8. RESERVES
Retained
earnings
£   

At 1 April 2022 1,872,892
Deficit for the year (24,984 )
Dividends (33,000 )
At 31 March 2023 1,814,908