Registered Number:NI611505 |
For the year ended 31 March 2023
Northern Ireland
Unaudited Financial Statements
For the year ended 31 March 2023
Giant Property Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Giant Property Limited
Statement of Financial Position
2022
2023
20,000
20,000
2
Property, plant and equipment |
18,933
20,075
3
38,933
40,075
Trade and other receivables |
83,987
78,848
4
87,864
Cash and cash equivalents |
53,941
132,789
171,851
Trade and other payables: amounts falling due within one |
year |
(155,191)
(111,303)
5
16,660
21,486
Net current assets
Total assets less current liabilities |
60,419
56,735
Trade and other payables: amounts falling due after more |
than one year |
(32,954)
(23,298)
6
37,121
Net assets
23,781
120
120
37,001
23,661
37,121
23,781
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Christopher Dolan Director |
These financial statements were approved and authorised for issue by the Board on 14 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
Giant Property Limited
Notes to the Financial Statements
Statutory Information
Giant Property Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI611505. |
100 Lisburn Road
Belfast
BT9 6AG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 31 March 2023
Giant Property Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
20,000
20,000
20,000
20,000
3. Property, plant and equipment |
24,015
8,555
15,460
1,852
1,852
-
15,460
10,407
25,867
Provision for depreciation and impairment |
3,940
2,394
1,546
Charge for year
2,994
1,603
1,391
6,934
3,997
2,937
12,523
6,410
18,933
13,914
6,161
20,075
4. Trade and other receivables |
2022
2023
78,848
83,987
5. Trade and other payables: amounts falling due within one year |
2022
2023
10,648
10,644
Taxation and social security |
9,069
154
91,586
144,393
111,303
155,191
3 of 4
For the year ended 31 March 2023
Giant Property Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
23,298
32,954
7. Average number of persons employed |
During the year the average number of employees was 3 (2022 : 3)
4 of 4