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REGISTERED NUMBER: 12163033 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

GAESKA (PROPERTIES) LTD

GAESKA (PROPERTIES) LTD (REGISTERED NUMBER: 12163033)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAESKA (PROPERTIES) LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Gurdev Singh Sohal
Deepti Sohal





REGISTERED OFFICE: 12 Radford Rise
Solihull
B91 2QH





REGISTERED NUMBER: 12163033 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

GAESKA (PROPERTIES) LTD (REGISTERED NUMBER: 12163033)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,029 4,740
Investment property 5 305,970 145,000
309,999 149,740

CURRENT ASSETS
Debtors 6 750 -
Cash at bank and in hand 384 50,206
1,134 50,206
CREDITORS
Amounts falling due within one year 7 179,769 163,761
NET CURRENT LIABILITIES (178,635 ) (113,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,364

36,185

CREDITORS
Amounts falling due after more than one year 8 (96,000 ) -

PROVISIONS FOR LIABILITIES 9 (8,494 ) (5,690 )
NET ASSETS 26,870 30,495

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 26,860 30,485
SHAREHOLDERS' FUNDS 26,870 30,495

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

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

GAESKA (PROPERTIES) LTD (REGISTERED NUMBER: 12163033)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Deepti Sohal - Director


GAESKA (PROPERTIES) LTD (REGISTERED NUMBER: 12163033)

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

1. STATUTORY INFORMATION

Gaeska (Properties) Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

GAESKA (PROPERTIES) LTD (REGISTERED NUMBER: 12163033)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 6,296
DEPRECIATION
At 1 August 2022 1,556
Charge for year 711
At 31 July 2023 2,267
NET BOOK VALUE
At 31 July 2023 4,029
At 31 July 2022 4,740

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 145,000
Additions 160,970
At 31 July 2023 305,970
NET BOOK VALUE
At 31 July 2023 305,970
At 31 July 2022 145,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 29,948
Cost 276,022
305,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 750 -

GAESKA (PROPERTIES) LTD (REGISTERED NUMBER: 12163033)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 467
Other creditors 10,000 -
Directors' current accounts 169,169 162,400
Accrued expenses 600 894
179,769 163,761

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 96,000 -

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,494 5,690

Deferred
tax
£   
Balance at 1 August 2022 5,690
Provided during year 2,804
Balance at 31 July 2023 8,494

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary 1 10 10

11. RESERVES
Retained
earnings
£   

At 1 August 2022 30,485
Deficit for the year (3,625 )
At 31 July 2023 26,860