Company Registration No. 10888783 (England and Wales)
The Gurung Estate Group Limited
Unaudited accounts
for the year ended 31 July 2023
The Gurung Estate Group Limited
Unaudited accounts
Contents
The Gurung Estate Group Limited
Company Information
for the year ended 31 July 2023
Company Number
10888783 (England and Wales)
Registered Office
40 Torrington Road
Reading
Berkshire
RG2 7NU
United Kingdom
Accountants
KBN Accountants Limited
12a, Castle Street
Reading
Berkshire
RG1 7RD
The Gurung Estate Group Limited
Statement of financial position
as at 31 July 2023
Tangible assets
967,686
969,420
Cash at bank and in hand
870
156
Creditors: amounts falling due within one year
(54,888)
(28,776)
Net current liabilities
(54,018)
(28,620)
Total assets less current liabilities
913,668
940,800
Creditors: amounts falling due after more than one year
(955,536)
(962,361)
Net liabilities
(41,868)
(21,561)
Called up share capital
100
100
Profit and loss account
(41,968)
(21,661)
Shareholders' funds
(41,868)
(21,561)
For the year ending 31 July 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 her 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 11 September 2024 and were signed on its behalf by
Radha Gurung
Director
Company Registration No. 10888783
The Gurung Estate Group Limited
Notes to the Accounts
for the year ended 31 July 2023
The Gurung Estate Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10888783. The registered office is 40 Torrington Road, Reading, Berkshire, RG2 7NU, United Kingdom.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance Basis
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
960,747
16,819
190
977,756
At 31 July 2023
960,747
16,819
190
977,756
At 1 August 2022
-
8,208
128
8,336
Charge for the year
-
1,722
12
1,734
At 31 July 2023
-
9,930
140
10,070
At 31 July 2023
960,747
6,889
50
967,686
At 31 July 2022
960,747
8,611
62
969,420
5
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
3,161
Loans from directors
53,952
24,715
The Gurung Estate Group Limited
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
689,536
689,536
Obligations under finance leases and hire purchase contracts
-
6,825
Loans from directors
266,000
266,000
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).