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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GORDON L. POOLE (SOUTHAMPTON) LIMITED

GORDON L. POOLE (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00571189)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GORDON L. POOLE (SOUTHAMPTON) LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2023







DIRECTORS: Miss G A Young
Mr C M Ashbolt





SECRETARY: Mr P J Schofield





REGISTERED OFFICE: 5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY





REGISTERED NUMBER: 00571189 (England and Wales)

GORDON L. POOLE (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00571189)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 382
Investment property 5 5,447,500 4,940,000
5,447,500 4,940,382

CURRENT ASSETS
Debtors 6 38,101 26,730
Cash at bank 78,563 227,556
116,664 254,286
CREDITORS
Amounts falling due within one year 7 402,843 240,208
NET CURRENT (LIABILITIES)/ASSETS (286,179 ) 14,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,161,321

4,954,460

CREDITORS
Amounts falling due after more than one year 8 (82,620 ) -

PROVISIONS FOR LIABILITIES 10 (264,490 ) (220,934 )
NET ASSETS 4,814,211 4,733,526

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Non-distributable revaluation reserve 1,357,159 1,380,791
Retained earnings 3,447,052 3,342,735
SHAREHOLDERS' FUNDS 4,814,211 4,733,526

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

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

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 25 March 2024 and were signed on its behalf by:




Miss G A Young - Director



Mr C M Ashbolt - Director


GORDON L. POOLE (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00571189)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Gordon L. Poole (Southampton) 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 represents rents receivable from the company's investment property portfolio.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost

Investment property
Investment properties are revalued annually based on their fair value. Changes to fair value go through the income statement. Gains and temporary losses are not realised and as such are not subject to current tax and are regarded as non-distributable. Depreciation is not provided.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 September 2022 991
Disposals (991 )
At 31 August 2023 -
DEPRECIATION
At 1 September 2022 609
Charge for year 170
Eliminated on disposal (779 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 382

GORDON L. POOLE (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00571189)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 4,940,000
Additions 450,000
Revaluations 57,500
At 31 August 2023 5,447,500
NET BOOK VALUE
At 31 August 2023 5,447,500
At 31 August 2022 4,940,000

Investment properties are valued annually by the directors following consultation and guidance from an independent firm of Chartered Surveyors on a fair value basis. The historic costs, as written down for permanent diminution in value, of such properties shown at valuation of £5,447,500 (2022 - £4,940,000), is £3,836,609 (2022 - £3,347,609).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,503 25,928
Other debtors 10,598 802
38,101 26,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,299 3,398
Taxation and social security 72,487 62,683
Other creditors 325,057 174,127
402,843 240,208

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 82,620 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 82,620 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 82,620 -

The bank loan is secured by way of fixed charge against an investment property.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 264,490 220,934

GORDON L. POOLE (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 00571189)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 220,934
Charge to Income Statement during year 43,556
Balance at 31 August 2023 264,490

The deferred tax provision is analysed as follows:

20232022

Accelerated capital allowances10,8109,333
Investment property revaluation253,733211,601
264,543220,934


11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
40,000 Ordinary 25p 25p 10,000 10,000

12. RELATED PARTY DISCLOSURES

During the year the company received services from Schofields Chartered Accountants, a practice in which former director Mr P J Schofield is a director. The amount invoiced in respect of fees during the year amounted to £10,460 plus VAT (2022 - £26,520), charged at normal commercial terms.