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REGISTERED NUMBER: 11046291 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GAYNOR ELIZABETH PROPERTIES LTD

GAYNOR ELIZABETH PROPERTIES LTD (REGISTERED NUMBER: 11046291)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAYNOR ELIZABETH PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Ms H Coldrick
C Coldrick





REGISTERED OFFICE: Flat 38, Block D
Victoria Riverside
Goodman Street
Leeds
West Yorkshire
LS10 1ER





REGISTERED NUMBER: 11046291 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

GAYNOR ELIZABETH PROPERTIES LTD (REGISTERED NUMBER: 11046291)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,716 2,032
Investment property 5 349,000 340,000
350,716 342,032

CURRENT ASSETS
Debtors 6 1,253 1,714
Cash at bank 76,629 85,599
77,882 87,313
CREDITORS
Amounts falling due within one year 7 (280,876 ) (284,088 )
NET CURRENT LIABILITIES (202,994 ) (196,775 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,722

145,257

CREDITORS
Amounts falling due after more than one
year

8

(136,003

)

(136,929

)

PROVISIONS FOR LIABILITIES (157 ) -
NET ASSETS 11,562 8,328

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 11,560 8,326
SHAREHOLDERS' FUNDS 11,562 8,328

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.

GAYNOR ELIZABETH PROPERTIES LTD (REGISTERED NUMBER: 11046291)

BALANCE SHEET - 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 27 August 2024 and were signed on its behalf by:





Ms H Coldrick - Director


GAYNOR ELIZABETH PROPERTIES LTD (REGISTERED NUMBER: 11046291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Gaynor Elizabeth Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover represents rent receivable during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 20% on cost

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GAYNOR ELIZABETH PROPERTIES LTD (REGISTERED NUMBER: 11046291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 December 2022
and 30 November 2023 3,279
DEPRECIATION
At 1 December 2022 1,247
Charge for year 316
At 30 November 2023 1,563
NET BOOK VALUE
At 30 November 2023 1,716
At 30 November 2022 2,032

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 340,000
Revaluations 9,000
At 30 November 2023 349,000
NET BOOK VALUE
At 30 November 2023 349,000
At 30 November 2022 340,000

GAYNOR ELIZABETH PROPERTIES LTD (REGISTERED NUMBER: 11046291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. INVESTMENT PROPERTY - continued

The property was valued on an open market basis at the year end by the directors of the company, based on information afforded by recent professional valuations of similar properties.

The values shown above are analysed as follows:

£

Revaluation surplus 3,919
Cost 345,081
Total 349,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 700 655
Prepayments and accrued income 553 1,059
1,253 1,714

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax - 1,497
Directors' current accounts 276,974 278,973
Accruals and deferred income 3,902 3,618
280,876 284,088

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yr by instal 136,003 136,929

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 136,003 136,929

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 136,003 136,929

The bank loans are secured by a fixed charge over the investment property of the company.

GAYNOR ELIZABETH PROPERTIES LTD (REGISTERED NUMBER: 11046291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
2 Ordinary 1 2 2

11. RESERVES

Retained profits include both distributable and undistributable reserves.

12. RELATED PARTY DISCLOSURES

At the end of the year the company owed its directors £276,974 (2022 : £278,973). These loans are repayable on demand and no interest was charged during the year.