Gloria Yard Limited 12865701 true 2022-10-01 2023-12-31 2023-12-31 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true Mr James Bryan Randall true 12865701 2022-10-01 2023-12-31 12865701 2023-12-31 12865701 core:RetainedEarningsAccumulatedLosses 2023-12-31 12865701 core:ShareCapital 2023-12-31 12865701 core:CurrentFinancialInstruments 2023-12-31 12865701 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12865701 bus:FRS102 2022-10-01 2023-12-31 12865701 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-12-31 12865701 bus:FullAccounts 2022-10-01 2023-12-31 12865701 bus:RegisteredOffice 2022-10-01 2023-12-31 12865701 bus:Director1 2022-10-01 2023-12-31 12865701 bus:EntityNoLongerTradingButTradedInPast 2022-10-01 2023-12-31 12865701 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-12-31 12865701 countries:EnglandWales 2022-10-01 2023-12-31 12865701 2022-09-30 12865701 2022-09-30 12865701 core:RetainedEarningsAccumulatedLosses 2022-09-30 12865701 core:ShareCapital 2022-09-30 12865701 core:CurrentFinancialInstruments 2022-09-30 12865701 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP

Registration number: 12865701

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Gloria Yard Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 October 2022 to 31 December 2023

 

Gloria Yard Limited

Profit and Loss Account for the Period from 1 October 2022 to 31 December 2023

The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Gloria Yard Limited

(Registration number: 12865701)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed Assets

 

Investment property

3

427,600

427,600

Current assets

 

Debtors

4

8,979

8,979

Creditors: Amounts falling due within one year

5

(420,967)

(420,967)

Net current liabilities

 

(411,988)

(411,988)

Net assets

 

15,612

15,612

Capital and Reserves

 

Called up share capital

6

2

2

Retained Earnings

15,610

15,610

Shareholders' funds

 

15,612

15,612

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 10 September 2024
 

.........................................
Mr James Bryan Randall
Director

 

Gloria Yard Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
United Kingdom

These financial statements were authorised for issue by the director on 10 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Gloria Yard Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Investment properties

2023
£

At 1 October

427,600

The company's investment properties at 30 September 2022 are held at open market values. The investment properties were valued by Mr J Randall, director.

4

Debtors

Current

2023
£

2022
£

Other debtors

8,979

8,979

 

8,979

8,979

 

Gloria Yard Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 December 2023

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

415,580

415,580

Trade Creditors

 

877

877

Accruals

 

750

750

Corporation tax liability

3,760

3,760

 

420,967

420,967

6

Share capital

7

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

415,580

415,580