Company Registration No. 13211448 (England and Wales)
Gtag Properties Limited
Unaudited accounts
for the year ended 28 February 2023
Gtag Properties Limited
Unaudited accounts
Contents
Gtag Properties Limited
Company Information
for the year ended 28 February 2023
Directors
Annabel Goulding
Giles Tyler
Company Number
13211448 (England and Wales)
Registered Office
16 MERCIER ROAD
LONDON
SW15 2AR
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Gtag Properties Limited
Statement of financial position
as at 28 February 2023
Investment property
376,031
154,006
Cash at bank and in hand
2,458
10,472
Creditors: amounts falling due within one year
(359)
(215)
Net current assets
3,368
11,351
Total assets less current liabilities
379,627
165,357
Creditors: amounts falling due after more than one year
(383,186)
(167,665)
Net liabilities
(3,559)
(2,308)
Called up share capital
2
2
Profit and loss account
(3,561)
(2,310)
Shareholders' funds
(3,559)
(2,308)
For the year 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 10 October 2023 and were signed on its behalf by
Annabel Goulding
Director
Company Registration No. 13211448
Gtag Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
Gtag Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13211448. The registered office is 16 MERCIER ROAD, LONDON, SW15 2AR, ENGLAND.
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 remained unchanged from the previous year, and also 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
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 the period end the company has total net liabilities of £3,560. The company has received a loan from the directors which remains unpaid. The directors will not seek repayment of the loan until the company's other debts have been met. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Gtag Properties Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Computer equipment
Fair value at 1 March 2022
154,006
At 28 February 2023
376,031
Amounts falling due within one year
Accrued income and prepayments
1,269
1,094
7
Creditors: amounts falling due within one year
2023
2022
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
383,186
109,745
Loans from directors
-
57,920
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).