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COMPANY REGISTRATION NUMBER: 13222448
PURE GARNET PROPERTY COMPANY LTD
Filleted Unaudited Financial Statements
28 February 2023
PURE GARNET PROPERTY COMPANY LTD
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
499,726
Current assets
Cash at bank and in hand
7,746
100
Creditors: amounts falling due within one year
5
130,218
---------
----
Net current (liabilities)/assets
( 122,472)
100
---------
----
Total assets less current liabilities
377,254
100
Creditors: amounts falling due after more than one year
6
405,450
---------
----
Net (liabilities)/assets
( 28,196)
100
---------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 28,296)
--------
----
Shareholders (deficit)/funds
( 28,196)
100
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PURE GARNET PROPERTY COMPANY LTD
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 29 August 2023 , and are signed on behalf of the board by:
Mrs B K ATWAL
Director
Company registration number: 13222448
PURE GARNET PROPERTY COMPANY LTD
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 NEW BROADWAY, UXBRIDGE, UB10 0LL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
All assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
18% reducing balance
4. Tangible assets
Freehold property
Equipment
Total
£
£
£
Cost
At 1 March 2022
Additions
499,234
600
499,834
---------
----
---------
At 28 February 2023
499,234
600
499,834
---------
----
---------
Depreciation
At 1 March 2022
Charge for the year
108
108
---------
----
---------
At 28 February 2023
108
108
---------
----
---------
Carrying amount
At 28 February 2023
499,234
492
499,726
---------
----
---------
At 28 February 2022
---------
----
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
130,218
---------
----
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
405,450
---------
----
7. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
8. Related party transactions
The company was under the control of Mrs B K ATWAL throughout the current year. Mrs B K ATWAL is the managing director and 100% shareholder.