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REGISTERED NUMBER: 04156955















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

G & K PROPERTY MANAGEMENT LIMITED

G & K PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04156955)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G & K PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: C Hather
L Hather
G Hather
K Hather





REGISTERED OFFICE: 21 Hollowgate
Rotherham
South Yorkshire
S60 2LE





REGISTERED NUMBER: 04156955





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

G & K PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04156955)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,343,371 478,905

CURRENT ASSETS
Cash at bank 37,250 283,188

CREDITORS
Amounts falling due within one year 5 1,012,277 570,799
NET CURRENT LIABILITIES (975,027 ) (287,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,344

191,294

CAPITAL AND RESERVES
Called up share capital 4 2
Retained earnings 368,340 191,292
SHAREHOLDERS' FUNDS 368,344 191,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 27 November 2023 and were signed on its behalf by:



C Hather - Director


G & K PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04156955)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

G & K Property Management Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

G & K PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 04156955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2022 544,210
Additions 893,214
At 28 February 2023 1,437,424
DEPRECIATION
At 1 March 2022 65,305
Charge for year 28,748
At 28 February 2023 94,053
NET BOOK VALUE
At 28 February 2023 1,343,371
At 28 February 2022 478,905

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to participating interests 140,682 545,000
Taxation and social security 48,274 19,002
Other creditors 823,321 6,797
1,012,277 570,799

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, the company was indebted to the directors in the sum of £817,091 (2022: £598). The transactions during the year consisted of introductions in the sum of £859,568 as against withdrawals of £43,075.

There are no formal repayment terms attached to this loan and interest is not being charged.