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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
Page
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G&M Commercial Properties Ltd Company Information for the year ended 31 December 2023
Director
Luke Norman
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
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G&M Commercial Properties Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
10,000 
5,000 
Current assets
Debtors
688 
603 
Cash at bank and in hand
8 
111 
696 
714 
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
Deferred tax
(950)
- 
Net assets
23,986 
19,148 
Capital and reserves
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
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G&M Commercial Properties Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
Turnover
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
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.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
5,000 
Net gain from fair value adjustments
5,000 
At 31 December 2023
10,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
688 
603 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
114 
- 
Loans from directors
(14,714)
(13,434)
Accruals
360 
- 
(14,240)
(13,434)
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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).
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