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REGISTERED NUMBER: 14501913 (England and Wales)










GHYLL FOLD RENTALS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 23RD NOVEMBER 2022 TO 31ST MARCH 2024






GHYLL FOLD RENTALS LIMITED (REGISTERED NUMBER: 14501913)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 23RD NOVEMBER 2022 TO 31ST MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


GHYLL FOLD RENTALS LIMITED (REGISTERED NUMBER: 14501913)

BALANCE SHEET
31ST MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,215
Investment property 5 1,520,000
1,523,215

CURRENT ASSETS
Debtors 6 16,978
Cash at bank 2
16,980
CREDITORS
Amounts falling due within one year 7 1,539,785
NET CURRENT LIABILITIES (1,522,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES 410

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 310
410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 23rd August 2024 and were signed by:





Miss C E Sedgwick - Director


GHYLL FOLD RENTALS LIMITED (REGISTERED NUMBER: 14501913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 23RD NOVEMBER 2022 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

Ghyll Fold Rentals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14501913

Registered office: 7
The Green
Burley In Wharfedale
Ilkley
LS29 7FF

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable for rental income.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and Fittings - 20% on cost
Computer equipment - 33% on cost
Motor vehicles - 25% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

GHYLL FOLD RENTALS LIMITED (REGISTERED NUMBER: 14501913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23RD NOVEMBER 2022 TO 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,811
At 31st March 2024 3,811
DEPRECIATION
Charge for period 596
At 31st March 2024 596
NET BOOK VALUE
At 31st March 2024 3,215

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,520,000
At 31st March 2024 1,520,000
NET BOOK VALUE
At 31st March 2024 1,520,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 16,978

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 1,506,629
Taxation and social security 3,061
Other creditors 30,095
1,539,785

8. ULTIMATE PARENT COMPANY

The immediate parent company is Ghyll Fold Limited, a company incorporated in England and Wales