Company Registration No. 06174087 (England and Wales)
Gentech Properties Limited
Unaudited accounts
for the year ended 31 May 2024
Gentech Properties Limited
Unaudited accounts
Contents
Gentech Properties Limited
Company Information
for the year ended 31 May 2024
Company Number
06174087 (England and Wales)
Registered Office
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
United Kingdom
Accountants
S A Acc'y Ltd
The Corner House
4 Beaumont Road
Church Stretton
Shropshire
SY6 6BN
Gentech Properties Limited
Statement of financial position
as at 31 May 2024
Tangible assets
170,760
170,894
Cash at bank and in hand
291
1,580
Creditors: amounts falling due within one year
(102,276)
(81,734)
Net current liabilities
(101,985)
(80,154)
Total assets less current liabilities
68,775
90,740
Creditors: amounts falling due after more than one year
-
(24,391)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
68,573
66,122
Shareholders' funds
68,673
66,222
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2024 and were signed on its behalf by
A Lewis
Director
Company Registration No. 06174087
Gentech Properties Limited
Notes to the Accounts
for the year ended 31 May 2024
Gentech Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06174087. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 June 2023
179,395
5,450
184,845
At 31 May 2024
179,395
5,450
184,845
At 1 June 2023
8,929
5,022
13,951
Charge for the year
48
86
134
At 31 May 2024
8,977
5,108
14,085
At 31 May 2024
170,418
342
170,760
At 31 May 2023
170,466
428
170,894
Gentech Properties Limited
Notes to the Accounts
for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
8,400
Trade creditors
9,247
9,198
Taxes and social security
2,640
3,878
Other creditors
61,905
59,130
Loans from directors
27,742
528
6
Creditors: amounts falling due after more than one year
2024
2023
7
Transactions with related parties
During the year rent was charged Gen-Tech Products Ltd, an associated company, £7500 (2023: £10417).
At the year end the company owed Gen-Tech Products Ltd, an associated company £61905 (2023: £59130).
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).