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REGISTERED NUMBER: 04352301 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GASCOIGNES PROPERTY SERVICES LTD

GASCOIGNES PROPERTY SERVICES LTD (REGISTERED NUMBER: 04352301)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GASCOIGNES PROPERTY SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G L Davies
C E Fuller





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 04352301 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

GASCOIGNES PROPERTY SERVICES LTD (REGISTERED NUMBER: 04352301)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 471 2,156
Investments 5 270,005 299,443
270,476 301,599

CURRENT ASSETS
Debtors 6 691,656 650,756
Cash at bank 100,308 260,907
791,964 911,663
CREDITORS
Amounts falling due within one year 7 529,886 554,173
NET CURRENT ASSETS 262,078 357,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,554

659,089

CREDITORS
Amounts falling due after more than one
year

8

(87,500

)

(137,500

)

PROVISIONS FOR LIABILITIES 10 - (6,003 )
NET ASSETS 445,054 515,586

CAPITAL AND RESERVES
Called up share capital 11 66,500 66,500
Capital redemption reserve 33,500 33,500
Retained earnings 345,054 415,586
SHAREHOLDERS' FUNDS 445,054 515,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

GASCOIGNES PROPERTY SERVICES LTD (REGISTERED NUMBER: 04352301)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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 9 May 2024 and were signed on its behalf by:





G L Davies - Director


GASCOIGNES PROPERTY SERVICES LTD (REGISTERED NUMBER: 04352301)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Gascoignes Property Services Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Gascoignes Property Services Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Fixed asset investments are initially recognised at cost. At each reporting date fixed asset investments are measured at fair value with changes in fair value recognised in the profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GASCOIGNES PROPERTY SERVICES LTD (REGISTERED NUMBER: 04352301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,989 45,421 47,410
DEPRECIATION
At 1 January 2023 1,989 43,265 45,254
Charge for year - 1,685 1,685
At 31 December 2023 1,989 44,950 46,939
NET BOOK VALUE
At 31 December 2023 - 471 471
At 31 December 2022 - 2,156 2,156

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 270,005 29,438 299,443
Disposals - (29,438 ) (29,438 )
At 31 December 2023 270,005 - 270,005
NET BOOK VALUE
At 31 December 2023 270,005 - 270,005
At 31 December 2022 270,005 29,438 299,443

Cost or valuation at 31 December 2023 is represented by:

Shares in
group
undertakings
£   
Cost 270,005

Fixed asset investments relate to shares in subsidiary undertakings.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 43,600 16,800
Amounts owed by group undertakings 647,370 633,096
Other debtors 686 860
691,656 650,756

GASCOIGNES PROPERTY SERVICES LTD (REGISTERED NUMBER: 04352301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 4,148 4,253
Amounts owed to group undertakings 375,228 403,287
Taxation and social security 95,733 92,393
Other creditors 4,777 4,240
529,886 554,173

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 87,500 137,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 137,500 187,500

The company's bankers hold a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax - 6,003

Deferred
tax
£   
Balance at 1 January 2023 6,003
Provided during year (6,003 )
Balance at 31 December 2023 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
47,000 Ordinary A £1.00 47,000 47,000
19,500 Ordinary B £1.00 19,500 19,500
66,500 66,500

12. PARENT COMPANY

The immediate and ultimate parent company is GGC Residential Limited, a company registered in England and Wales.

These accounts present information about the company as an individual undertaking. Group accounts are not prepared because the group qualifies as a small group.