Company Registration No. 10823369 (England and Wales)
Ghoti Property Ltd
Unaudited accounts
for the year ended 30 June 2024
Ghoti Property Ltd
Unaudited accounts
Contents
Ghoti Property Ltd
Company Information
for the year ended 30 June 2024
Directors
R J Fish
Y A Fish
Company Number
10823369 (England and Wales)
Registered Office
The Garden Flat
44 Dyne Road
London
NW6 7XE
Ghoti Property Ltd
Statement of financial position
as at 30 June 2024
Investment property
910,000
895,000
Cash at bank and in hand
2,671
6,288
Creditors: amounts falling due within one year
(1,195)
(194)
Net current assets
1,476
6,094
Total assets less current liabilities
911,476
901,094
Creditors: amounts falling due after more than one year
(908,169)
(898,169)
Called up share capital
2
2
Profit and loss account
3,305
2,923
Shareholders' funds
3,307
2,925
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by
R J Fish
Director
Company Registration No. 10823369
Ghoti Property Ltd
Notes to the Accounts
for the year ended 30 June 2024
Ghoti Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10823369. The registered office is The Garden Flat, 44 Dyne Road, London, NW6 7XE.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 July 2023
895,000
Net gain from fair value adjustments
15,000
5
Creditors: amounts falling due within one year
2024
2023
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
596,495
596,495
Other creditors
230,000
220,000
Loans from directors
81,674
81,674
Ghoti Property Ltd
Notes to the Accounts
for the year ended 30 June 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).