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Company Registration No. 8984500 (England and Wales)
Gauntly & Arabin Limited Unaudited accounts for the year ended 31 March 2023
Gauntly & Arabin Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
80,585 
105,908 
Current assets
Debtors
34,785 
22,243 
Cash at bank and in hand
140 
929 
34,925 
23,172 
Creditors: amounts falling due within one year
69,856 
57,040 
Net current assets
104,781 
80,212 
Net assets
185,366 
186,120 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
185,266 
186,020 
Shareholders' funds
185,366 
186,120 
For the year ending 31 March 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 his 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 9 November 2023 and were signed on its behalf by
Dr D Burch Director Company Registration No. 8984500
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Gauntly & Arabin Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Gauntly & Arabin Limited is a private company, limited by shares, registered in England and Wales, registration number 8984500. The registered office is The Cottage, Horley, Banubry, Oxfordshire, OX15 6BE, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investments
Investments in shares are included at fair value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investments
Other investments 
£ 
Valuation at 1 April 2022
105,908 
Additions
24,800 
Fair value adjustments
(50,123)
Valuation at 31 March 2023
80,585 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
9,057 
Other debtors
25,728 
22,243 
34,785 
22,243 
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Gauntly & Arabin Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
19,398 
24,272 
Loans from directors
(89,254)
(81,312)
(69,856)
(57,040)
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan repayable on demand
81,312 
7,942 
- 
89,254 
81,312 
7,942 
- 
89,254 
Interest at the official rate of 2% (2022: 2%) was charged on the loans. The loans are repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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