GK Richards Properties Limited
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of GK Richards Properties Limited for the Year Ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GK Richards Properties Limited for the year ended 31 October 2023 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the director of GK Richards Properties Limited in accordance with the terms of our engagement letter dated 20 June 2022. Our work has been undertaken solely to prepare for your approval the financial statements of GK Richards Properties Limited and state those matters that we have agreed to state to the director of GK Richards Properties Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GK Richards Properties Limited and its director for our work or for this report.
It is your duty to ensure that GK Richards Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of GK Richards Properties Limited. You consider that GK Richards Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of GK Richards Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
26 February 2024
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GK Richards Properties Limited
Registered number: 08735140
Balance Sheet
As at 31 October 2023
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Accruals and deferred income
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Notes
The company is a private company, limited by share capital, incorporated in England and Wales. The registered office address is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG.
The presentational and functional currency of the company is £ sterling and the figures in the financial statements have been rounded to the nearest £1.
Going concern
The financial statements have been prepared on a going concern basis. The company's ability to continue to trade is dependent upon the support of the director, bankers, and creditors. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of assets to their recoverable amounts, to provide for any further liabilities which might arise.
Average number of employees
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The average monthly number of employees, including directors, during the year was 1 (2022 - 1).
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GK Richards Properties Limited
Registered number: 08735140
Balance Sheet (continued)
As at 31 October 2023
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Directors' benefits: advances, credits and guarantees
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G C Richards
Director
During the prior year the company provided a loan to the director. Interest is charged at a rate of 2.5% per annum and interest amounting to £nil (2022 - £1,044) accrued during the year. The loan is repayable on demand. At the balance sheet date the amount due from the director was £nil. (2022 - £91,130).
Director's confirmations
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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G C Richards
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