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REGISTERED NUMBER: 12490436 (England and Wales)















Unaudited Financial Statements

for the Period 1st August 2022 to 31st March 2023

for

Union Gilkinson Ltd

Union Gilkinson Ltd (Registered number: 12490436)






Contents of the Financial Statements
for the Period 1st August 2022 to 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Union Gilkinson Ltd

Company Information
for the Period 1st August 2022 to 31st March 2023







DIRECTOR: J Gilkinson





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: 12490436 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Union Gilkinson Ltd (Registered number: 12490436)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 3 228,350 228,350

CURRENT ASSETS
Cash at bank and in hand 232,516 212,186

CREDITORS
Amounts falling due within one year 4 (105,839 ) (180,910 )
NET CURRENT ASSETS 126,677 31,276
TOTAL ASSETS LESS CURRENT LIABILITIES 355,027 259,626

PROVISIONS FOR LIABILITIES (950 ) (950 )
NET ASSETS 354,077 258,676

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 5 4,050 4,050
Retained earnings 350,025 254,624
354,077 258,676

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Union Gilkinson Ltd (Registered number: 12490436)

Balance Sheet - continued
31st March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th February 2024 and were signed by:





J Gilkinson - Director


Union Gilkinson Ltd (Registered number: 12490436)

Notes to the Financial Statements
for the Period 1st August 2022 to 31st March 2023

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

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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022
and 31st March 2023 228,350
NET BOOK VALUE
At 31st March 2023 228,350
At 31st July 2022 228,350

Union Gilkinson Ltd (Registered number: 12490436)

Notes to the Financial Statements - continued
for the Period 1st August 2022 to 31st March 2023

3. INVESTMENT PROPERTY - continued

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2022 5,000
Cost 223,350
228,350

The director sees no benefit in revaluing the properties.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 23,674 61,305
Other creditors 82,165 119,605
105,839 180,910

5. RESERVES
Revaluation
reserve
£   
At 1st August 2022
and 31st March 2023 4,050