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REGISTERED NUMBER: 05554752 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Gipsy Road Properties Limited

Gipsy Road Properties Limited (Registered number: 05554752)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gipsy Road Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: P A Louka





SECRETARY: G T Georgiou





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 05554752 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Gipsy Road Properties Limited (Registered number: 05554752)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 455,000 525,000

CURRENT ASSETS
Debtors 6 100,780 132,381
Cash at bank 8,468 203
109,248 132,584
CREDITORS
Amounts falling due within one year 7 6,418 13,601
NET CURRENT ASSETS 102,830 118,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

557,830

643,983

CREDITORS
Amounts falling due after more than one
year

8

(218,829

)

(222,960

)

PROVISIONS FOR LIABILITIES 10 (51,886 ) (52,734 )
NET ASSETS 287,115 368,289

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 229,150 298,303
Retained earnings 12 57,865 69,886
SHAREHOLDERS' FUNDS 287,115 368,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gipsy Road Properties Limited (Registered number: 05554752)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





P A Louka - Director


Gipsy Road Properties Limited (Registered number: 05554752)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Gipsy Road Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents the rent receivable during the year and derives from the provision of goods falling within the company's ordinary activities.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Gipsy Road Properties Limited (Registered number: 05554752)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 525,000
Revaluations (70,000 )
At 30 September 2023 455,000
NET BOOK VALUE
At 30 September 2023 455,000
At 30 September 2022 525,000

The investment properties are valued annually by the director on an open market existing use basis.

The historical cost of the properties amounted to £173,964 (2022 - £173,964).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed by group undertakings 91,521 108,390
Other debtors 9,259 23,991
100,780 132,381

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 5,398 5,196
Taxation and social security - 5,587
Other creditors 1,020 2,818
6,418 13,601

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 218,829 222,960

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments 194,309 199,359

Gipsy Road Properties Limited (Registered number: 05554752)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 224,227 228,156

10. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 51,886 52,734

Deferred
tax
£   
Balance at 1 October 2022 52,734
Provided during year (848 )
Balance at 30 September 2023 51,886

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 69,886 298,303 368,189
Deficit for the year (81,174 ) - (81,174 )
Deferred tax (847 ) 847 -
Revaluation of property 70,000 (70,000 ) -
At 30 September 2023 57,865 229,150 287,015