1 March 2023 false No description of principal activity Taxfiler 2024.5 11632307business:PrivateLimitedCompanyLtd2023-03-012024-02-29 116323072023-02-28 116323072023-03-012024-02-29 11632307business:AuditExemptWithAccountantsReport2023-03-012024-02-29 11632307business:FilletedAccounts2023-03-012024-02-29 116323072024-02-29 11632307business:Director12023-03-012024-02-29 11632307business:RegisteredOffice2023-03-012024-02-29 116323072023-02-28 11632307core:WithinOneYear2024-02-29 11632307core:WithinOneYear2023-02-28 11632307core:AfterOneYear2024-02-29 11632307core:AfterOneYear2023-02-28 11632307core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11632307core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11632307core:CapitalContributionReservecore:PreviouslyStatedAmount2024-02-29 11632307core:CapitalContributionReservecore:PreviouslyStatedAmount2023-02-28 11632307core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11632307core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11632307core:PreviouslyStatedAmount2024-02-29 11632307core:PreviouslyStatedAmount2023-02-28 11632307business:SmallEntities2023-03-012024-02-29 11632307countries:EnglandWales2023-03-012024-02-29 116323072022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11632307 (England and Wales)
GABVIC PROPERTY LTD Unaudited accounts for the year ended 29 February 2024
GABVIC PROPERTY LTD Company Information for the year ended 29 February 2024
Director
ANTOV, Dimitar Georgiev
Company Number
11632307 (England and Wales)
Registered Office
15 Mayfield Close St. Austell Cornwall PL25 3PD England
Accountants
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Croydon CR2 6EA
- 2 -
GABVIC PROPERTY LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
482,773 
482,773 
Current assets
Debtors
42,375 
24,000 
Cash at bank and in hand
47,508 
53,559 
89,883 
77,559 
Creditors: amounts falling due within one year
(1,257)
(417)
Net current assets
88,626 
77,142 
Total assets less current liabilities
571,399 
559,915 
Creditors: amounts falling due after more than one year
(369,907)
(373,907)
Net assets
201,492 
186,008 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
196,349 
187,204 
Profit and loss account
5,043 
(1,296)
Shareholders' funds
201,492 
186,008 
For the year ending 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 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 26 August 2024 and were signed on its behalf by
ANTOV, Dimitar Georgiev Director Company Registration No. 11632307
- 3 -
GABVIC PROPERTY LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
GABVIC PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 11632307. The registered office is 15 Mayfield Close, St. Austell, Cornwall, PL25 3PD, England.
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.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
482,773 
At 29 February 2024
482,773 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
42,375 
24,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
807 
(304)
Accruals
450 
721 
1,257 
417 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
369,907 
369,907 
Other creditors
- 
4,000 
369,907 
373,907 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 4 -