Gyansun Limited 4955268 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of property rental Digita Accounts Production Advanced 6.30.9574.0 true 4955268 2022-10-01 2023-09-30 4955268 2023-09-30 4955268 bus:OrdinaryShareClass1 2023-09-30 4955268 core:OtherReservesSubtotal 2023-09-30 4955268 core:RetainedEarningsAccumulatedLosses 2023-09-30 4955268 core:ShareCapital 2023-09-30 4955268 core:CurrentFinancialInstruments 2023-09-30 4955268 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 4955268 core:Non-currentFinancialInstruments 2023-09-30 4955268 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 4955268 bus:SmallEntities 2022-10-01 2023-09-30 4955268 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 4955268 bus:FullAccounts 2022-10-01 2023-09-30 4955268 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 4955268 bus:RegisteredOffice 2022-10-01 2023-09-30 4955268 bus:Director2 2022-10-01 2023-09-30 4955268 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 4955268 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 4955268 1 2022-10-01 2023-09-30 4955268 countries:England 2022-10-01 2023-09-30 4955268 2022-09-30 4955268 2021-10-01 2022-09-30 4955268 2022-09-30 4955268 bus:OrdinaryShareClass1 2022-09-30 4955268 core:OtherReservesSubtotal 2022-09-30 4955268 core:RetainedEarningsAccumulatedLosses 2022-09-30 4955268 core:ShareCapital 2022-09-30 4955268 core:CurrentFinancialInstruments 2022-09-30 4955268 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 4955268 core:Non-currentFinancialInstruments 2022-09-30 4955268 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 4955268

Gyansun Limited

Filleted Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Gyansun Limited

(Registration number: 4955268)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

1,723,151

1,723,151

Current assets

 

Debtors

5

3,155

7,552

Cash at bank and in hand

 

17,530

2,857

 

20,685

10,409

Creditors: Amounts falling due within one year

6

(841,570)

(844,893)

Net current liabilities

 

(820,885)

(834,484)

Total assets less current liabilities

 

902,266

888,667

Creditors: Amounts falling due after more than one year

6

(585,935)

(585,935)

Net assets

 

316,331

302,732

Capital and reserves

 

Called up share capital

8

10

10

Other reserves

(151,934)

(151,934)

Retained earnings

468,255

454,656

Shareholders' funds

 

316,331

302,732

 

Gyansun Limited

(Registration number: 4955268)
Balance Sheet as at 30 September 2023

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 March 2024
 


Mr S P Kapil
Director

   
 

Gyansun Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

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

The address of its registered office is:
Old Barn
Carisbrooke Manor Lane
Scunthorpe
North Lincolnshire
DN17 2AA

The company's registration number is 4955268.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Gyansun Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Gyansun Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2022 - 1).

4

Investment properties

2023
£

At 1 October

1,723,151

At 30 September

1,723,151


The investment properties were professionally valued in 2022. The director is of the opinion that the valuations have not changed in the year.

5

Debtors

2023
£

2022
£

Other debtors

3,155

7,552

6

Creditors

2023
£

2022
£

Due within one year

Trade payables

1,855

-

Social security and other taxes

3,198

5,144

Other creditors

836,517

839,749

841,570

844,893

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

585,935

585,935

 

Gyansun Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

585,935

585,935

Loans and borrowings

The borrowings are secured on the company's entire assets. A personal guarantee has also been provided by the director, Mr S P Kapil.

Included in the loans and borrowings is £585,935 (2022 - £585,935-) due after more than five years, not by instalments.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10