REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 |
FOR |
THE GARDEN PLACE LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 |
FOR |
THE GARDEN PLACE LTD |
THE GARDEN PLACE LTD (REGISTERED NUMBER: 05633053) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THE GARDEN PLACE LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chandler House |
7 Ferry Road Office Park |
Riversway |
Preston |
Lancashire |
PR2 2YH |
BANKERS: |
2 Station Road |
Hesketh Bank |
Preston |
PR4 6SN |
THE GARDEN PLACE LTD (REGISTERED NUMBER: 05633053) |
BALANCE SHEET |
31 JULY 2023 |
31/7/23 | 31/7/22 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
THE GARDEN PLACE LTD (REGISTERED NUMBER: 05633053) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2023 |
1. | STATUTORY INFORMATION |
The Garden Place Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Changes in accounting policies |
In the previous period, turnover represented net invoiced sales of services excluding value added tax. The company has now changed its operations and receives rental income only. |
Going concern |
The company is technically insolvent and the directors have considered whether the company has adequate resources to continue in operational existence for the foreseeable future. |
The directors have taken action to improve the performance of the company, evidence for which should become apparent in the next 12 months. In the meantime the company will rely on the continuing support of the directors, hence they continue to adopt the going concern basis of accounting in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Short |
leasehold |
£ |
COST |
At 1 August 2022 |
and 31 July 2023 |
DEPRECIATION |
At 1 August 2022 |
and 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/23 | 31/7/22 |
£ | £ |
Tax |
VAT | 617 | 879 |
Roachdene Nurseries loan | 26,695 | 29,844 |
GC Fylde loan | 182,905 | 122,280 |
Accrued expenses |
THE GARDEN PLACE LTD (REGISTERED NUMBER: 05633053) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/7/23 | 31/7/22 |
£ | £ |
Directors loans | 24,489 | 77,839 |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 31/7/23 | 31/7/22 |
value: | £ | £ |
Ordinary | £1 | 1,287 | 1,287 |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 August 2022 | ( |
) |
Profit for the year |
At 31 July 2023 | ( |
) |
9. | RELATED PARTY DISCLOSURES |
The directors also have significant interests with partnerships that trade with The Garden Place Limited, being G C Fylde and Roachdene Nurseries. |
The company also operated loan accounts with the above partnerships. As at 31 July 2023 the company owed £26,694 (2022: £29,844) to Roachdene Nurseries. |
During the year rent to the value of £120 (2022:£120) was paid to G C Fylde. |
10. | ULTIMATE CONTROLLING PARTY |
The company is controlled by the directors by way of their shareholding in the company, although no individual director has overall control. |