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REGISTERED NUMBER: 12169622 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR


GARDEN FIELD ESTATES LIMITED


GARDEN FIELD ESTATES LIMITED (REGISTERED NUMBER: 12169622)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024





Page




Company Information  

1




Abridged Balance Sheet  

2




Notes to the Financial Statements  

4




GARDEN FIELD ESTATES LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 30 APRIL 2024









DIRECTOR:

S Molloy







SECRETARY:








REGISTERED OFFICE:

11 Garden Fields


Stanford Rivers


Ongar


Essex


CM5 9PL







REGISTERED NUMBER:

12169622 (England and Wales)







ACCOUNTANTS:

Anthonisz Neville LLP


1st Floor


105-111 Euston Street


London


NW1 2EW


GARDEN FIELD ESTATES LIMITED (REGISTERED NUMBER: 12169622)


ABRIDGED BALANCE SHEET

30 APRIL 2024



30/4/24

30/4/23



Notes

£   

£   

£   

£   


FIXED ASSETS

Investment property

4

800,000


200,000




CURRENT ASSETS

Debtors

1,800


60,248



Cash at bank and in hand

555,517


995,860



557,317


1,056,108



CREDITORS

Amounts falling due within one year

4,280


6,661



NET CURRENT ASSETS

553,037


1,049,447



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,353,037


1,249,447




CREDITORS

Amounts falling due after more than one

year

5

(1,343,898

)

(1,243,622

)



PROVISIONS FOR LIABILITIES

(2,953

)

(188

)


NET ASSETS

6,186


5,637




CAPITAL AND RESERVES

Called up share capital

6

100


100



Fair value reserve

7

10,991


(800

)


Retained earnings

7

(4,905

)

6,337



SHAREHOLDERS' FUNDS

6,186


5,637




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his 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.


GARDEN FIELD ESTATES LIMITED (REGISTERED NUMBER: 12169622)


ABRIDGED BALANCE SHEET - continued

30 APRIL 2024



The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.  


In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:






S Molloy - Director



GARDEN FIELD ESTATES LIMITED (REGISTERED NUMBER: 12169622)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024


1.

STATUTORY INFORMATION



GARDEN FIELD ESTATES 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


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 1 (2023 - NIL ) .


GARDEN FIELD ESTATES LIMITED (REGISTERED NUMBER: 12169622)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024


4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 May 2023

200,000




Additions

585,443




Revaluations

14,557




At 30 April 2024

800,000




NET BOOK VALUE


At 30 April 2024

800,000




At 30 April 2023

200,000





Fair value at 30 April 2024 is represented by:

£   



Valuation in 2023

200,000




Valuation in 2024

600,000



800,000





If investment property had not been revalued it would have been included at the following historical cost:



30/4/24


30/4/23

£   

£   



Cost

786,431


200,988





Investment property was valued on an open market basis on 30 April 2024 by the Company director. .


5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE

YEARS



30/4/24


30/4/23

£   

£   



Repayable by instalments


Bank loans more 5 yr by instal

140,658


141,212




6.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

30/4/24


30/4/23


value:

£   

£   



100

Ordinary

1

100


100




GARDEN FIELD ESTATES LIMITED (REGISTERED NUMBER: 12169622)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 APRIL 2024


7.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 May 2023

6,337


(800

)

5,537




Profit for the year

549


549




Revaluation during the year

(11,791

)

11,791


-




At 30 April 2024

(4,905

)

10,991


6,086




8.

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:



30/4/24


30/4/23

£   

£   



S Molloy


Balance outstanding at start of year

(3,586

)

-




Amounts advanced

1,344


-




Amounts repaid

-


(3,586

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

(2,242

)

(3,586

)



9.

RELATED PARTY DISCLOSURES



Included within other creditors is an amount of £1,202,640, borrowed from another Company where the key management personal is a director and shareholder.