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REGISTERED NUMBER: 04905409 (England and Wales)



















Financial Statements

for the Year Ended 30 September 2023

for

Gerald Langley Limited

Gerald Langley Limited (Registered number: 04905409)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gerald Langley Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J W R Storer
Ms H J Pardoe





SECRETARY: Ms H J Pardoe





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 04905409 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Gerald Langley Limited (Registered number: 04905409)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 189 379
Investment property 5 295,000 295,000
295,189 295,379

CURRENT ASSETS
Debtors 6 287 239
Cash at bank and in hand 17,153 16,686
17,440 16,925
CREDITORS
Amounts falling due within one year 7 262,134 255,738
NET CURRENT LIABILITIES (244,694 ) (238,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,495

56,566

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 19,120 19,120
Retained earnings 8 31,275 37,346
SHAREHOLDERS' FUNDS 50,495 56,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:



J W R Storer - Director


Gerald Langley Limited (Registered number: 04905409)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Gerald Langley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is the value of rents receivable. Turnover is recognised when rentals are due in accordance with the lease terms.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is not depreciated but revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss and transferred to a fair value reserve.

Deferred tax is provided on gains at the rate expected to apply when the properties are sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2022
and 30 September 2023 1,194
DEPRECIATION
At 1 October 2022 815
Charge for year 190
At 30 September 2023 1,005
NET BOOK VALUE
At 30 September 2023 189
At 30 September 2022 379

Gerald Langley Limited (Registered number: 04905409)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 295,000
NET BOOK VALUE
At 30 September 2023 295,000
At 30 September 2022 295,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 295,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 275,880 275,880
Aggregate depreciation (44,660 ) (39,141 )

Investment property was valued on a fair value basis on 30 September 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 287 239

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 108
Directors' loan accounts 247,426 243,579
Accruals and deferred income 14,708 12,051
262,134 255,738

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 37,346 19,120 56,466
Deficit for the year (2,071 ) - (2,071 )
Dividends (4,000 ) - (4,000 )
At 30 September 2023 31,275 19,120 50,395