Company Registration No. 13416009 (England and Wales)
Gun Properties Ltd
Unaudited accounts
for the year ended 31 May 2023
Gun Properties Ltd
Unaudited accounts
Contents
Gun Properties Ltd
Company Information
for the year ended 31 May 2023
Company Number
13416009 (England and Wales)
Registered Office
Flat A
51 Turnpike Lane
London
N8 0EP
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Gun Properties Ltd
Statement of financial position
as at 31 May 2023
Investment property
70,500
51,500
Cash at bank and in hand
(3)
482
Creditors: amounts falling due within one year
(55,542)
(60,894)
Net current liabilities
(55,545)
(60,412)
Net assets/(liabilities)
14,955
(8,912)
Called up share capital
1
1
Revaluation reserve
22,610
-
Profit and loss account
(7,656)
(8,913)
Shareholders' funds
14,955
(8,912)
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 14 February 2024 and were signed on its behalf by
Mr M Gun
Director
Company Registration No. 13416009
Gun Properties Ltd
Notes to the Accounts
for the year ended 31 May 2023
Gun Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13416009. The registered office is Flat A, 51 Turnpike Lane, London, N8 0EP, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 June 2022
51,500
Net gain from fair value adjustments
19,000
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
54,942
60,394
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Gun Properties Ltd
Notes to the Accounts
for the year ended 31 May 2023
7
Transactions with related parties
Included within other creditors is an amount of £54,942 (2022;£60,394) due to its director. There are no terms as to interest or repayment in respect of this balance.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).