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REGISTERED NUMBER: 05818987 (England and Wales)















GARMOORE INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






GARMOORE INVESTMENTS LIMITED (REGISTERED NUMBER: 05818987)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


GARMOORE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







Director: A P R Garwood Watkins





Secretary: W Rodrigues





Registered office: 83 Boundary Road
London
NW8 0RG





Registered number: 05818987 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

GARMOORE INVESTMENTS LIMITED (REGISTERED NUMBER: 05818987)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £ £ £ £
Fixed assets
Investments 4 90,778 90,778
Investment property 5 3,078,012 1,960,347
3,168,790 2,051,125

Current assets
Debtors 6 247,924 241,496
Cash at bank 30,642 49,420
278,566 290,916
Creditors
Amounts falling due within one year 7 1,028,416 871,161
Net current liabilities (749,850 ) (580,245 )
Total assets less current liabilities 2,418,940 1,470,880

Creditors
Amounts falling due after more than one
year

8

(100,000

)

-

Provisions for liabilities (151,408 ) (119,785 )
Net assets 2,167,532 1,351,095

Capital and reserves
Called up share capital 2 2
Retained earnings 2,167,530 1,351,093
Shareholders' funds 2,167,532 1,351,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

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 7 March 2024 and were signed by:




A P R Garwood Watkins - Director


GARMOORE INVESTMENTS LIMITED (REGISTERED NUMBER: 05818987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. Statutory information

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

3. Employees and directors

The average number of employees during the year was 1 (2021 - 1 ) .

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2022
and 31 December 2022 90,778
Net book value
At 31 December 2022 90,778
At 31 December 2021 90,778

GARMOORE INVESTMENTS LIMITED (REGISTERED NUMBER: 05818987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. Investment property
Total
£
Fair value
At 1 January 2022 1,960,347
Additions 527,712
Disposals (170,861 )
Revaluations 760,814
At 31 December 2022 3,078,012
Net book value
At 31 December 2022 3,078,012
At 31 December 2021 1,960,347

Fair value at 31 December 2022 is represented by:
£
Valuation in 2014 71,692
Valuation in 2015 19,922
Valuation in 2016 27,498
Valuation in 2017 40,454
Valuation in 2018 24,500
Valuation in 2019 11,375
Valuation in 2020 16,208
Valuation in 2021 393,981
Valuation in 2022 760,814
Cost 1,711,568
3,078,012

6. Debtors: amounts falling due within one year
2022 2021
£ £
Trade debtors 67,011 65,432
Amounts owed by group undertakings 140,338 155,836
Other debtors 40,575 20,228
247,924 241,496

7. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 115,185 138,862
Amounts owed to group undertakings 869,048 718,302
Taxation and social security 28,208 9,398
Other creditors 15,975 4,599
1,028,416 871,161

8. Creditors: amounts falling due after more than one year
2022 2021
£ £
Other creditors 100,000 -

GARMOORE INVESTMENTS LIMITED (REGISTERED NUMBER: 05818987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£ £
A P R Garwood Watkins
Balance outstanding at start of year 12,574 -
Amounts advanced 16,322 103,352
Amounts repaid - (90,778 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,896 12,574