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Company Registration No. 09352446 (England and Wales)
GVL Property Ltd Unaudited accounts for the year ended 31 December 2023
GVL Property Ltd Unaudited accounts Contents
Page
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GVL Property Ltd Company Information for the year ended 31 December 2023
Director
George Voisin Lowe
Company Number
09352446 (England and Wales)
Registered Office
21 Bankton Road London SW2 1BP England
Accountants
Montrogue Limited Picadilly Business Centre Blackett Street Manchester M12 6AE
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GVL Property Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
677,831 
476,000 
Investments
190,000 
190,000 
867,831 
666,000 
Current assets
Cash at bank and in hand
1,087 
6,869 
Creditors: amounts falling due within one year
(683,510)
(484,190)
Net current liabilities
(682,423)
(477,321)
Net assets
185,408 
188,679 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
185,308 
188,579 
Shareholders' funds
185,408 
188,679 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 8 April 2024 and were signed on its behalf by
George Voisin Lowe Director Company Registration No. 09352446
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GVL Property Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
GVL Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 09352446. The registered office is 21 Bankton Road, London, SW2 1BP, England.
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
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
476,000 
Additions
201,831 
At 31 December 2023
677,831 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
677,831 
At 31 December 2022
476,000 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
190,000 
Valuation at 31 December 2023
190,000 
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GVL Property Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
2,000 
- 
Loans from directors
680,790 
484,190 
Accruals
720 
- 
683,510 
484,190 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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