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Registration number: 00528614

Gaydeanne Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 25 March 2024

 

Gaydeanne Investments Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Gaydeanne Investments Limited

Company Information
__________________________________________________________________________

Directors

A Rei

M J Coleman

D E B Coleman

I G Rubenstein

Company secretary

M J Coleman

Registered office

37 Springfield Road
London
NW8 0QJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Gaydeanne Investments Limited

(Registration number: 00528614)
Balance Sheet as at 25 March 2024
__________________________________________________________________________

Note

2024
£

2023
£

         

Fixed assets

   

Investment property

3

 

6,727,237

5,966,196

Other financial assets

4

 

-

689,389

   

6,727,237

6,655,585

Current assets

   

Ddebtors

5

249,457

 

274,027

Cash at bank and in hand

 

57,861

 

37,889

 

307,318

 

311,916

Creditors: Amounts falling due within one year

6

(141,061)

 

(26,869)

Net current assets

   

166,257

285,047

Total assets less current liabilities

   

6,893,494

6,940,632

Creditors: Amounts falling due after more than one year

6

 

(2,500,000)

(2,500,000)

Provisions for liabilities

 

(847,528)

(847,528)

Net assets

   

3,545,966

3,593,104

Capital and reserves

   

Called up share capital

7

200

 

200

Retained earnings

3,545,766

 

3,592,904

Shareholders' funds

   

3,545,966

3,593,104

 

Gaydeanne Investments Limited

(Registration number: 00528614)
Balance Sheet as at 25 March 2024
__________________________________________________________________________

For the financial year ending 25 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 August 2024 and signed on its behalf by:
 

.........................................
D E B Coleman
Director

 

Gaydeanne Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 March 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Gaydeanne Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 March 2024
__________________________________________________________________________

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 4).

 

Gaydeanne Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 March 2024
__________________________________________________________________________

3

Investment properties

2024
£

At 26 March

5,966,195

Acquired through business combinations

761,042

At 25 March

6,727,237

There has been no valuation of investment property by an independent valuer.

 

Gaydeanne Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 March 2024
__________________________________________________________________________

4

Other financial assets (current and non-current)

Non-current financial assets

Cost or valuation

Impairment

Carrying amount

At 25 March 2024

5

Ddebtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

249,457

249,457

Other ddebtors

 

-

24,570

   

249,457

274,027

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

9,161

21,542

Accruals and deferred income

960

960

Other creditors

130,940

4,367

141,061

26,869

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

2,500,000

2,500,000

7

Share capital

Allotted, called up and fully paid shares

 

Gaydeanne Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 25 March 2024
__________________________________________________________________________

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,500,000

2,500,000