Company Registration No. 09922320 (England and Wales)
G&M Commercial Properties Ltd
Unaudited accounts
for the year ended 31 December 2023
G&M Commercial Properties Ltd
Unaudited accounts
Contents
G&M Commercial Properties Ltd
Company Information
for the year ended 31 December 2023
Company Number
09922320 (England and Wales)
Registered Office
Nelson House
2 Hamilton Terrace
Leamington Spa
CV32 4LY
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
G&M Commercial Properties Ltd
Statement of financial position
as at 31 December 2023
Investment property
10,000
5,000
Cash at bank and in hand
8
111
Creditors: amounts falling due within one year
14,240
13,434
Net current assets
14,936
14,148
Total assets less current liabilities
24,936
19,148
Provisions for liabilities
Called up share capital
2
2
Fair value reserve
5,000
-
Profit and loss account
18,984
19,146
Shareholders' funds
23,986
19,148
For the year ending 31 December 2023 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 9 September 2024 and were signed on its behalf by
Luke Norman
Director
Company Registration No. 09922320
G&M Commercial Properties Ltd
Notes to the Accounts
for the year ended 31 December 2023
G&M Commercial Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 09922320. The registered office is Nelson House, 2 Hamilton Terrace, Leamington Spa, CV32 4LY.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
The accounts are presented in £ sterling.
Fair value at 1 January 2023
5,000
Net gain from fair value adjustments
5,000
At 31 December 2023
10,000
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
114
-
Loans from directors
(14,714)
(13,434)
G&M Commercial Properties Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).