1 June 2022 false Taxfiler 2023.10 06174087business:PrivateLimitedCompanyLtd2022-06-012023-05-31 061740872022-05-31 061740872022-06-012023-05-31 06174087business:AuditExemptWithAccountantsReport2022-06-012023-05-31 06174087business:FilletedAccounts2022-06-012023-05-31 061740872023-05-31 06174087business:Director12022-06-012023-05-31 06174087business:RegisteredOffice2022-06-012023-05-31 061740872022-05-31 06174087core:WithinOneYear2023-05-31 06174087core:WithinOneYear2022-05-31 06174087core:AfterOneYear2023-05-31 06174087core:AfterOneYear2022-05-31 06174087core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 06174087core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 06174087core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 06174087core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 06174087core:PreviouslyStatedAmount2023-05-31 06174087core:PreviouslyStatedAmount2022-05-31 06174087business:SmallEntities2022-06-012023-05-31 06174087countries:EnglandWales2022-06-012023-05-31 06174087core:PlantMachinery2022-06-012023-05-31 06174087core:LandBuildings2022-05-31 06174087core:PlantMachinery2022-05-31 06174087core:LandBuildings2023-05-31 06174087core:PlantMachinery2023-05-31 06174087core:LandBuildings2022-06-012023-05-31 061740872021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 06174087 (England and Wales)
Gentech Properties Limited Unaudited accounts for the year ended 31 May 2023
Gentech Properties Limited Unaudited accounts Contents
Page
- 2 -
Gentech Properties Limited Company Information for the year ended 31 May 2023
Director
A Lewis
Company Number
06174087 (England and Wales)
Registered Office
The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN United Kingdom
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
- 3 -
Gentech Properties Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
170,894 
171,061 
Current assets
Cash at bank and in hand
1,580 
1,698 
Creditors: amounts falling due within one year
(81,734)
(80,258)
Net current liabilities
(80,154)
(78,560)
Total assets less current liabilities
90,740 
92,501 
Creditors: amounts falling due after more than one year
(24,391)
(31,763)
Provisions for liabilities
Deferred tax
(127)
(159)
Net assets
66,222 
60,579 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
66,122 
60,479 
Shareholders' funds
66,222 
60,579 
For the year ending 31 May 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 25 September 2023 and were signed on its behalf by
A Lewis Director Company Registration No. 06174087
- 4 -
Gentech Properties Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Gentech Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06174087. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
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.
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:
Plant & machinery
25% per annum reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
179,395 
5,450 
184,845 
At 31 May 2023
179,395 
5,450 
184,845 
Depreciation
At 1 June 2022
8,869 
4,915 
13,784 
Charge for the year
60 
107 
167 
At 31 May 2023
8,929 
5,022 
13,951 
Net book value
At 31 May 2023
170,466 
428 
170,894 
At 31 May 2022
170,526 
535 
171,061 
- 5 -
Gentech Properties Limited Notes to the Accounts for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,400 
8,400 
Trade creditors
9,198 
8,924 
Taxes and social security
3,878 
4,331 
Other creditors
59,130 
57,425 
Loans from directors
528 
528 
Accruals
600 
650 
81,734 
80,258 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,391 
31,763 
7
Transactions with related parties
During the year rent was charged Gen-Tech Products Ltd, an associated company, £10417 (2022: £11250). At the year end the company owed Gen-Tech Products Ltd, an associated company £59130 (2022: £57425).
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -