Gemcross Properties Ltd Filleted Accounts Cover
Gemcross Properties Ltd
Company No. SC172367
Information for Filing with The Registrar
29 February 2024
Gemcross Properties Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 29 February 2024.
Principal activities
The principal activity of the company during the year under review was .
Directors
The Directors who served at any time during the year were as follows:
P. Mitchell
P. Mitchell
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
P. Mitchell
Director
31 July 2024
Gemcross Properties Ltd Balance Sheet Registrar
at
29 February 2024
Company No.
SC172367
Notes
2024
2023
£
£
Fixed assets
Tangible assets
3
-283,150
Investments
4
11
1283,151
Current assets
Cash at bank and in hand
603,584148,080
603,584148,080
Creditors: Amount falling due within one year
5
(69,075)
(1,282)
Net current assets
534,509146,798
Total assets less current liabilities
534,510429,949
Net assets
534,510429,949
Capital and reserves
Called up share capital
22
Capital redemption reserve
7
-213,740
Profit and loss account
7
534,508216,207
Total equity
534,510429,949
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 29 February 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 July 2024 and signed on its behalf by:
P. Mitchell
Director
31 July 2024
Gemcross Properties Ltd Notes to the Accounts Registrar
for the year ended 29 February 2024
1
General information
Gemcross Properties Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC172367
Its registered office is:
3 Queen Street
Edinburgh
Scotland
EH2 1JE
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
3
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
At 1 March 2023
283,150283,150
Revaluation
(187,150)
(187,150)
Disposals
(96,000)
(96,000)
At 29 February 2024
--
Depreciation
Net book values
At 29 February 2024
--
At 28 February 2023
283,150
283,150
4
Investments
Investment in Subsidiaries
Total
£
£
Cost or valuation
At 1 March 2023
1
1
At 29 February 2024
1
1
Provisions/Impairment
Net book values
At 29 February 2024
1
1
At 28 February 2023
1
1
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
68,537
743
Loans from directors
538539
69,0751,282
6
Share Capital
2 ordinary shares at £1.00 each
7
Reserves
Capital redemption reserve
Total other reserves
£
£
At 1 March 2022
213,740
213,740
At 28 February 2023 and 1 March 2023
213,740
213,740
Transfers
(213,740)
(213,740)
At 29 February 2024
--
Capital redemption reserve - records the nominal value of shares repurchased by the company.
Profit and loss account - includes all current and prior period retained profits and losses.
8
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
2,000
-
2,000
-
Dividends by type:
Non-equity preference dividends
--
Equity dividends
2,000-
2,000
-
Gemcross Properties LtdSC17236729 February 202401 March 2023false31 July 2024BTCSoftware AP Solution 2024 11.1.0311.1.03trueSC1723672023-03-012024-02-29SC1723672024-02-29SC1723672023-02-28SC172367core:WithinOneYear2024-02-29SC172367core:WithinOneYear2023-02-28SC172367core:ShareCapital2024-02-29SC172367core:ShareCapital2023-02-28SC172367core:CapitalRedemptionReserve2024-02-29SC172367core:CapitalRedemptionReserve2023-02-28SC172367core:RetainedEarningsAccumulatedLosses2024-02-29SC172367core:RetainedEarningsAccumulatedLosses2023-02-28SC172367countries:UnitedKingdom2023-03-012024-02-29SC172367bus:RegisteredOffice2023-03-012024-02-29SC1723672022-03-012023-02-28SC172367core:LandBuildings2023-03-01SC1723672023-03-01SC172367core:LandBuildings2023-03-012024-02-29SC172367core:LandBuildings2024-02-29SC172367core:CostValuation2023-03-01SC172367core:CostValuation2024-02-29SC172367core:CostValuationcore:UnlistedNon-exchangeTraded2024-02-29SC172367core:CapitalRedemptionReserve2022-03-01SC172367core:OtherReservesSubtotal2022-03-01SC172367core:CapitalRedemptionReserve2023-03-01SC172367core:OtherReservesSubtotal2023-03-01SC172367core:CapitalRedemptionReserve2023-03-012024-02-29SC172367core:OtherReservesSubtotal2023-03-012024-02-29SC172367core:OtherReservesSubtotal2024-02-29SC172367core:RetainedEarningsAccumulatedLosses2023-03-012024-02-29SC172367bus:AllOrdinaryShares2023-03-012024-02-29SC172367bus:SmallEntities2023-03-012024-02-29SC172367bus:FullAccounts2023-03-012024-02-29SC172367bus:AuditExempt-NoAccountantsReport2023-03-012024-02-29SC172367bus:Director12023-03-012024-02-29SC172367bus:PrivateLimitedCompanyLtd2023-03-012024-02-29iso4217:GBPxbrli:pure