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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
Page
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The Gurung Estate Group Limited Company Information for the year ended 31 July 2023
Director
Radha Gurung
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
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The Gurung Estate Group Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
967,686 
969,420 
Current assets
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)
Capital and reserves
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
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The Gurung Estate Group Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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.
Presentation currency
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 
Depreciation
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 
Net book value
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 
Accruals
936 
900 
54,888 
28,776 
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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 
955,536 
962,361 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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