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REGISTERED NUMBER: 00807186 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

FOR

GARLANG LIMITED

GARLANG LIMITED (REGISTERED NUMBER: 00807186)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARLANG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: H B Zelin
C E Zelin
L L Zelin



SECRETARY: C E Zelin



REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG



REGISTERED NUMBER: 00807186 (England and Wales)



ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG



BANKERS: Barclays Bank plc
220 Ealing Road
Wembley, Middlesex
HA0 4QH

GARLANG LIMITED (REGISTERED NUMBER: 00807186)

BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,140,000 1,140,000

CURRENT ASSETS
Cash at bank 18,841 25,363

CREDITORS
Amounts falling due within one year 5 9,181 9,636
NET CURRENT ASSETS 9,660 15,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,149,660

1,155,727

PROVISIONS FOR LIABILITIES 189,137 189,137
NET ASSETS 960,523 966,590

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 6 1,209 1,209
Fair value reserve 6 933,287 933,287
Retained earnings 6 25,927 31,994
SHAREHOLDERS' FUNDS 960,523 966,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

GARLANG LIMITED (REGISTERED NUMBER: 00807186)

BALANCE SHEET - continued
5 APRIL 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 31 October 2023 and were signed on its behalf by:




H B Zelin - Director



C E Zelin - Director


GARLANG LIMITED (REGISTERED NUMBER: 00807186)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023


1. STATUTORY INFORMATION

Garlang 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

GARLANG LIMITED (REGISTERED NUMBER: 00807186)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 1,140,000
NET BOOK VALUE
At 5 April 2023 1,140,000
At 5 April 2022 1,140,000

Fair value at 5 April 2023 is represented by:
£   
Valuation in 2000 184,170
Valuation in 2007 150,000
Valuation in 2008 150,000
Valuation in 2011 160,000
Valuation in 2015 30,000
Valuation in 2017 208,254
Valuation in 2022 240,000
Cost 17,576
1,140,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 4,676 5,161
Other creditors 1,425 1,425
Accrued expenses 3,080 3,050
9,181 9,636

6. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 6 April 2022 31,994 1,209 933,287 966,490
Profit for the year 19,933 19,933
Dividends (26,000 ) (26,000 )
At 5 April 2023 25,927 1,209 933,287 960,423