GILLETT PROPERTIES LIMITED

Company Registration Number:
05658915 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GILLETT PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

GILLETT PROPERTIES LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Alice Rebecca Geer
Secretary: L. E. Brooks
Registered office: 5
Shornells Way
Abbey Wood
London
SE2 0LA
Company Registration Number: 05658915 (England and Wales)

GILLETT PROPERTIES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 811,904 796,326
Total fixed assets: 811,904 796,326
Current assets
Debtors: 5 3,319 3,834
Cash at bank and in hand: 5,042 694
Total current assets: 8,361 4,528
Creditors: amounts falling due within one year: 6 ( 44,231 ) ( 44,207 )
Net current assets (liabilities): ( 35,870 ) ( 39,679 )
Total assets less current liabilities: 776,034 756,647
Creditors: amounts falling due after more than one year: 7 ( 847,192 ) ( 827,015 )
Total net assets (liabilities): ( 71,158 ) ( 70,368 )

The notes form part of these financial statements

GILLETT PROPERTIES LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 71,159 ) ( 70,369 )
Shareholders funds: ( 71,158 ) ( 70,368 )

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 30 July 2024
And Signed On Behalf Of The Board By:

Name: Alice Rebecca Geer
Status: Director

The notes form part of these financial statements

GILLETT PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    ACCOUNTING POLICIES: (a) Fundamental Accounting Concept: The Financial statements have been prepared on a going concern basis which is dependent on the continuation of adequate backing facilities by the shareholders. (b) Basis of Accounting: The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting convention and in accordance the provisions of Section 1A (Small Entities) of Financial reporting Standard 102. (Effective April 2008)

    Turnover policy

    Turnover is defined as the value of the goods sold and services provided to external customers which fall within the company's ordinary activities, stated net of Value Added Tax.

    Tangible fixed assets depreciation policy

    No Depreciation is provided on Leasehold Properties with Leases with fifty years or over to run at the Balance Sheet date; a depreciation provision is considered to be immaterial. All properties held on Leases of less than fifty years are amortised over the unexpired term of the Lease.

    Depreciation is provided to write off the cost of all fixed assets over their estimated useful lives using the reducing balance method at the following rates: Motor Vehicles 20% Fixtures and Fittings 10% Office Furniture 10%,

    Other accounting policies

    Cash Flow Statement: The company has taken advantage of the exemption from preparing a cash flow statement in accordance with Financial Reporting Standards on the basis that it qualifies as a small company as defined by Section 476 of the Companies Act 2006 for small companies.

GILLETT PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

GILLETT PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

GILLETT PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Fixtures & fittings Total
Cost £ £ £
At 01 January 2023 779,511 22,399 801,910
Additions 0 19,177 19,177
Disposals ( 0 ) ( 0 ) ( 0 )
Revaluations - - -
Transfers - - -
At 31 December 2023 779,511 41,576 821,087
Depreciation
At 01 January 2023 0 5,584 5,584
Charge for year 0 3,599 3,599
On disposals - - -
Other adjustments - - -
At 31 December 2023 0 9,183 9,183
Net book value
At 31 December 2023 779,511 32,393 811,904
At 31 December 2022 779,511 16,815 796,326

GILLETT PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors


2023
£

2022
£
Prepayments and accrued income 1,577 1,207
Other debtors 1,742 2,627
Total 3,319 3,834

GILLETT PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Accruals and deferred income 23,597 24,341
Other creditors 20,634 19,866
Total 44,231 44,207

GILLETT PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 610,701 610,701
Other creditors 236,491 216,314
Total 847,192 827,015