Company Registration No. 11624114 (England and Wales)
GGL Properties Limited
Unaudited accounts
for the year ended 31 October 2023
GGL Properties Limited
Unaudited accounts
Contents
GGL Properties Limited
Company Information
for the year ended 31 October 2023
Company Number
11624114 (England and Wales)
Registered Office
Kemp House
160 City Road
London
EC1V 2NX
Accountants
Anthony Smith Accountancy Services
2 Tylea Close
The Reddings
Cheltenham
Gloucestershire
GL51 6RB
GGL Properties Limited
Statement of financial position
as at 31 October 2023
Tangible assets
800,223
692,073
Cash at bank and in hand
5,610
63,827
Creditors: amounts falling due within one year
(224,971)
(178,664)
Net current liabilities
(219,361)
(114,837)
Total assets less current liabilities
580,862
577,236
Creditors: amounts falling due after more than one year
(577,235)
(577,235)
Called up share capital
1
1
Profit and loss account
3,626
-
Shareholders' funds
3,627
1
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
G Lord
Director
Company Registration No. 11624114
GGL Properties Limited
Notes to the Accounts
for the year ended 31 October 2023
GGL Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11624114. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% Cost
4
Tangible fixed assets
Land & buildings
At 1 November 2022
692,073
At 31 October 2023
800,223
At 31 October 2023
800,223
At 31 October 2022
692,073
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
851
-
Loans from directors
203,580
178,129
GGL Properties Limited
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
577,235
577,235
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).