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REGISTERED NUMBER: 11041816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GCR CAMPROP SEVEN LIMITED

GCR CAMPROP SEVEN LIMITED (REGISTERED NUMBER: 11041816)






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


GCR CAMPROP SEVEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: M A Gunn
S Gusterson
K Lais
C J Williams





SECRETARY:





REGISTERED OFFICE: 1st Floor
27 High Street
Chesterton
Cambridge
Cambridgeshire
CB4 1NQ





REGISTERED NUMBER: 11041816 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

GCR CAMPROP SEVEN LIMITED (REGISTERED NUMBER: 11041816)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 400,000 400,000

CURRENT ASSETS
Stocks 1,823,095 1,695,968
Debtors 5 91,111 117,272
Cash at bank 12,967 70,787
1,927,173 1,884,027
CREDITORS
Amounts falling due within one year 6 707,551 2,238,603
NET CURRENT ASSETS/(LIABILITIES) 1,219,622 (354,576 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,619,622 45,424

CREDITORS
Amounts falling due after more than one
year

7

2,021,605

29,097
NET (LIABILITIES)/ASSETS (401,983 ) 16,327

CAPITAL AND RESERVES
Called up share capital 530,008 530,008
Retained earnings (931,991 ) (513,681 )
SHAREHOLDERS' FUNDS (401,983 ) 16,327

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.

GCR CAMPROP SEVEN LIMITED (REGISTERED NUMBER: 11041816)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





C J Williams - Director


GCR CAMPROP SEVEN LIMITED (REGISTERED NUMBER: 11041816)

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

1. STATUTORY INFORMATION

GCR Camprop Seven 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Going concern
The financial statements have been prepared on a going concern basis, which the directors believe to be appropriate. The company has a development facility agreement with Lendinvest, ensuring that the company has sufficient working capital as is necessary for the company's operations.

3. EMPLOYEES AND DIRECTORS

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

GCR CAMPROP SEVEN LIMITED (REGISTERED NUMBER: 11041816)

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 400,000
NET BOOK VALUE
At 30 November 2023 400,000
At 30 November 2022 400,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Amounts owed by group undertakings 26,649 36,967
Other debtors 64,462 80,305
91,111 117,272

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts (see note 8) 10,035 724,900
Trade creditors 834 8,623
Other creditors 696,682 1,505,080
707,551 2,238,603

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans (see note 8) 2,021,605 29,097

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,002,543 -

8. LOANS

An analysis of the maturity of loans is given below:

30/11/23 30/11/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,035 724,900

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,289 10,035

GCR CAMPROP SEVEN LIMITED (REGISTERED NUMBER: 11041816)

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

8. LOANS - continued
30/11/23 30/11/22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 8,773 19,062

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,002,543 -

During the course of the year, the Company continued repayment of the £50,000 loan received from Metro Bank PLC under a Bounce Back Loan Agreement. The loan is of a fixed sum and interest rate and is unsecured.

The Company continued repayment of the 12 month loan arrangement with Lendinvest. The loan is secured again the assets of the company.

9. RELATED PARTY DISCLOSURES

As at yearend, Chesterton Mews Limited, a wholly owned subsidiary incorporated in the United Kingdom, owed £26,649 (2022: £36,967) to the company.