1 June 2022 false No description of principal activity Taxfiler 2023.14 10185350business:PrivateLimitedCompanyLtd2022-06-012023-05-31 101853502022-05-31 101853502022-06-012023-05-31 10185350business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 10185350business:FilletedAccounts2022-06-012023-05-31 101853502023-05-31 10185350business:Director12022-06-012023-05-31 10185350business:Director22022-06-012023-05-31 10185350business:Director32022-06-012023-05-31 10185350business:RegisteredOffice2022-06-012023-05-31 101853502022-05-31 10185350core:WithinOneYear2023-05-31 10185350core:WithinOneYear2022-05-31 10185350core:AfterOneYear2023-05-31 10185350core:AfterOneYear2022-05-31 10185350core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10185350core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 10185350core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10185350core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 10185350core:PreviouslyStatedAmount2023-05-31 10185350core:PreviouslyStatedAmount2022-05-31 10185350business:SmallEntities2022-06-012023-05-31 10185350countries:EnglandWales2022-06-012023-05-31 10185350core:LandBuildings2022-06-012023-05-31 10185350core:FurnitureFittings2022-05-31 10185350core:FurnitureFittings2022-06-012023-05-31 10185350core:FurnitureFittings2023-05-31 10185350core:WithinOneYear2022-06-012023-05-31 10185350core:MoreThanFiveYears2023-05-31 10185350core:MoreThanFiveYears2022-05-31 10185350core:AfterOneYear2022-06-012023-05-31 101853502021-06-012022-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Gills UK Investment Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
(7,650)
336 
Investment property
830,789 
830,789 
823,139 
831,125 
Current assets
Debtors
103,700 
101,200 
Cash at bank and in hand
33,961 
4,292 
137,661 
105,492 
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)
Net assets
105,585 
75,298 
Capital and reserves
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
- 4 -
Gills UK Investment Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
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.
3
Accounting policies
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
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
36,885 
Additions
1,647 
At 31 May 2023
38,532 
Depreciation
At 1 June 2022
36,549 
Charge for the year
9,633 
At 31 May 2023
46,182 
Net book value
At 31 May 2023
(7,650)
At 31 May 2022
336 
5
Investment property
2023 
£ 
Fair value at 1 June 2022
830,789 
At 31 May 2023
830,789 
- 5 -
Gills UK Investment Limited Notes to the Accounts for the year ended 31 May 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
3,700 
1,200 
Amounts falling due after more than one year
100,000 
100,000 
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 
74,812 
55,115 
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 
780,403 
806,204 
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)
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 6 -