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REGISTERED NUMBER: 04816968 (England and Wales)















Gabriels House Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






Gabriels House Limited (Registered number: 04816968)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gabriels House Limited

Company Information
for the Year Ended 30 November 2023







Directors: Sylvia Goodwin
Marianne Travis





Registered office: 15 Ball Street
Poulton le Fylde
Lancashire
FY6 7BA





Registered number: 04816968 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Gabriels House Limited (Registered number: 04816968)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 25,000 25,000
Tangible assets 5 273 364
25,273 25,364

Current assets
Stocks 6,500 5,400
Debtors 6 232 7,201
Cash at bank and in hand 6,429 6,331
13,161 18,932
Creditors
Amounts falling due within one year 7 12,131 16,847
Net current assets 1,030 2,085
Total assets less current liabilities 26,303 27,449

Provisions for liabilities 8 52 69
Net assets 26,251 27,380

Capital and reserves
Called up share capital 9 100 100
Retained earnings 26,151 27,280
Shareholders' funds 26,251 27,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Gabriels House Limited (Registered number: 04816968)

Statement of Financial Position - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Sylvia Goodwin - Director


Gabriels House Limited (Registered number: 04816968)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Gabriels House 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.

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

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £2,500 and the profit for the year reduced accordingly.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Gabriels House Limited (Registered number: 04816968)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 December 2022
and 30 November 2023 25,000
Net book value
At 30 November 2023 25,000
At 30 November 2022 25,000

Gabriels House Limited (Registered number: 04816968)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 December 2022
and 30 November 2023 8,355
Depreciation
At 1 December 2022 7,991
Charge for year 91
At 30 November 2023 8,082
Net book value
At 30 November 2023 273
At 30 November 2022 364

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 232 7,201

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1,411 1,254
Taxation and social security - 767
Other creditors 10,720 14,826
12,131 16,847

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 52 69

Gabriels House Limited (Registered number: 04816968)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 December 2022 69
Credit to Statement of Income and Retained Earnings during year (17 )
Balance at 30 November 2023 52

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100