1 July 2023 false No description of principal activity Taxfiler 2024.5 10823369business:PrivateLimitedCompanyLtd2023-07-012024-06-30 108233692023-06-30 108233692023-07-012024-06-30 10823369business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 10823369business:FilletedAccounts2023-07-012024-06-30 108233692024-06-30 10823369business:Director12023-07-012024-06-30 10823369business:Director22023-07-012024-06-30 10823369business:RegisteredOffice2023-07-012024-06-30 108233692023-06-30 10823369core:WithinOneYear2024-06-30 10823369core:WithinOneYear2023-06-30 10823369core:AfterOneYear2024-06-30 10823369core:AfterOneYear2023-06-30 10823369core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10823369core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10823369core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10823369core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10823369core:PreviouslyStatedAmount2024-06-30 10823369core:PreviouslyStatedAmount2023-06-30 10823369business:SmallEntities2023-07-012024-06-30 10823369countries:EnglandWales2023-07-012024-06-30 108233692022-07-012023-06-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Ghoti Property Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
910,000 
895,000 
Current assets
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)
Net assets
3,307 
2,925 
Capital and reserves
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
- 4 -
Ghoti Property Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 taxation
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.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
895,000 
Net gain from fair value adjustments
15,000 
At 30 June 2024
910,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
1,195 
194 
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 
908,169 
898,169 
- 5 -
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).
- 6 -