Company Registration No. 10185350 (England and Wales)
Gills UK Investment Limited
Unaudited accounts
for the year ended 31 May 2023
Gills UK Investment Limited
Unaudited accounts
Contents
Gills UK Investment Limited
Company Information
for the year ended 31 May 2023
Directors
Palwinder Singh Gill
Sharonjit Kaur Gill
Gurmit Singh
Company Number
10185350 (England and Wales)
Registered Office
Park Cottage
Love Hill Lane, Langley
SLOUGH
SL3 6DE
United Kingdom
Accountants
CCA Accountants Limited
14 Mulberry Drive
Slough
SL3 7JU
Gills UK Investment Limited
Statement of financial position
as at 31 May 2023
Tangible assets
(7,650)
336
Investment property
830,789
830,789
Cash at bank and in hand
33,961
4,292
Creditors: amounts falling due within one year
(74,812)
(55,115)
Net current assets
62,849
50,377
Total assets less current liabilities
885,988
881,502
Creditors: amounts falling due after more than one year
(780,403)
(806,204)
Called up share capital
100
100
Profit and loss account
105,485
75,198
Shareholders' funds
105,585
75,298
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 directors acknowledge their 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 of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by
Sharonjit Kaur Gill
Director
Company Registration No. 10185350
Gills UK Investment Limited
Notes to the Accounts
for the year ended 31 May 2023
Gills UK Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 10185350. The registered office is Park Cottage, Love Hill Lane, Langley, SLOUGH, SL3 6DE, United Kingdom.
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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.
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:
Land & buildings
25% on new construction costs added
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.
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Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2022
830,789
Gills UK Investment Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
25,076
25,801
Taxes and social security
8,978
1,313
Loans from directors
40,758
28,001
No security for the total Bounce Back Loan outstanding £40,608 (due within 1 year at £5,801)
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
280,403
306,204
Loans from directors
500,000
500,000
Aggregate of amounts that fall due for payment after five years
478,485
525,737
Security: 3/5 Meadfield Road, Slough, Berkshire.
Contains floating charge. Floating charge covers all the property or undertaking of the company.
No security for the total Bounce Back Loan of £40,608 (outstanding over 5 years at £10,152)
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Average number of employees
During the year the average number of employees was 3 (2022: 3).