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REGISTERED NUMBER: 02878524 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2023

for

G.S. Cold Storage and Warehousing
Limited

G.S. Cold Storage and Warehousing
Limited (Registered number: 02878524)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.S. Cold Storage and Warehousing
Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: A Birtwistle
S Birtwistle



SECRETARY: A Birtwistle



REGISTERED OFFICE: Office 108 Administration Block
Riverpark Trading Estate
Riverpark Road
Manchester
Lancashire
M40 2XP



REGISTERED NUMBER: 02878524 (England and Wales)



ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR



SOLICITORS: Sharp Cross & Mann
13 York Street
Heywood
Lancashire
OL10 4NN

G.S. Cold Storage and Warehousing
Limited (Registered number: 02878524)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 25,833 28,704
Investment property 6 11,991,863 12,197,274
12,017,696 12,225,978

CURRENT ASSETS
Debtors 7 3,563,889 245,888
Cash at bank and in hand 938,173 2,980,192
4,502,062 3,226,080
CREDITORS
Amounts falling due within one year 8 (446,081 ) (451,025 )
NET CURRENT ASSETS 4,055,981 2,775,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,073,677

15,001,033

CREDITORS
Amounts falling due after more than one
year

9

(3,488,297

)

(3,665,868

)

PROVISIONS FOR LIABILITIES (130,000 ) (130,000 )
NET ASSETS 12,455,380 11,205,165

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Revaluation reserve 10 968,540 968,540
Retained earnings 11,461,840 10,211,625
12,455,380 11,205,165

G.S. Cold Storage and Warehousing
Limited (Registered number: 02878524)

Balance Sheet - continued
31 May 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 1 February 2024 and were signed on its behalf by:





A Birtwistle - Director


G.S. Cold Storage and Warehousing
Limited (Registered number: 02878524)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 108
Administration Block
Riverpark Trading Estate
Manchester
M40 2XP

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


G.S. Cold Storage and Warehousing
Limited (Registered number: 02878524)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022
and 31 May 2023 485,751
DEPRECIATION
At 1 June 2022 457,047
Charge for year 2,871
At 31 May 2023 459,918
NET BOOK VALUE
At 31 May 2023 25,833
At 31 May 2022 28,704

G.S. Cold Storage and Warehousing
Limited (Registered number: 02878524)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 12,197,274
Additions 113,453
Disposals (318,864 )
At 31 May 2023 11,991,863
NET BOOK VALUE
At 31 May 2023 11,991,863
At 31 May 2022 12,197,274

Investment properties are carried at fair value as determined by the directors.
There has been no valuation of investment property by an independent valuer.
The Directors consider the market value of Investment Property to be at least equal to the current carrying value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,180 60,887
Amounts owed by group undertakings 2,794,608 -
Other debtors 705,101 185,001
3,563,889 245,888

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,073 8,369
Hire purchase contracts 3,958 8,010
Trade creditors 93,698 148,639
Taxation and social security 318,465 270,120
Other creditors 22,887 15,887
446,081 451,025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 453
Amounts owed to group undertakings 2,704,291 2,704,291
Other creditors 784,006 961,124
3,488,297 3,665,868

G.S. Cold Storage and Warehousing
Limited (Registered number: 02878524)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 968,540