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COMPANY REGISTRATION NUMBER: 11820939
GOTTS PARK DEVELOPMENTS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
GOTTS PARK DEVELOPMENTS LTD
FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
GOTTS PARK DEVELOPMENTS LTD
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Stocks
1,155,564
198,077
Debtors
4
16,632
8,532
Cash at bank and in hand
3,053
7,747
--------------
-----------
1,175,249
214,356
CREDITORS: amounts falling due within one year
5
529,674
216,210
--------------
-----------
NET CURRENT ASSETS/(LIABILITIES)
645,575
( 1,854)
-----------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
645,575
( 1,854)
CREDITORS: amounts falling due after more than one year
6
730,590
-----------
--------
NET LIABILITIES
( 85,015)
( 1,854)
-----------
--------
GOTTS PARK DEVELOPMENTS LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 85,115)
( 1,954)
---------
--------
SHAREHOLDERS DEFICIT
( 85,015)
( 1,854)
---------
--------
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 income and retained earnings 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:
Mrs K Dunbar
Director
Company registration number: 11820939
GOTTS PARK DEVELOPMENTS 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 Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
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.
Going concern
The continuation of the company's activities is dependent on the continuing financial support of directors, loan and other creditors. The directors have confirmed that in their opinion, this financial support will continue and therefore the financial statements have been prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. DEBTORS
2023
2022
£
£
Other debtors
16,632
8,532
---------
--------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
217,479
Amounts owed to group undertakings and undertakings in which the company has a participating interest
310,995
216,000
Other creditors
1,200
210
-----------
-----------
529,674
216,210
-----------
-----------
6. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
730,590
-----------
-----
The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
2023
2022
£
£
Bank loan
730,590
Nil
-----------
-----