Company Registration No. 14373286 (England and Wales)
GULF PROPERTIES LIMITED
Unaudited accounts
for the period from 23 September 2022 to 30 September 2023
GULF PROPERTIES LIMITED
Unaudited accounts
Contents
GULF PROPERTIES LIMITED
Company Information
for the period from 23 September 2022 to 30 September 2023
Company Number
14373286 (England and Wales)
Registered Office
Ground Floor
234 Edgware Road
LONDON
W2 1DW
ENGLAND
GULF PROPERTIES LIMITED
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
15,804
Creditors: amounts falling due within one year
(83,054)
Net current liabilities
(67,250)
Profit and loss account
(25,896)
Shareholders' funds
(25,895)
For the period ending 30 September 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 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 23 September 2024 and were signed on its behalf by
Anmar AL KARKHI
Director
Company Registration No. 14373286
GULF PROPERTIES LIMITED
Notes to the Accounts
for the period from 23 September 2022 to 30 September 2023
GULF PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14373286. The registered office is Ground Floor, 234 Edgware Road, LONDON, W2 1DW, ENGLAND.
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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 been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention method.
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:
Fixtures & fittings
20% Reducing Balance Method
The directors of the company have a reasonable expectation that the business will continue to operate as a going concern for the foreseeable future. In assessing the going concern basis, the directors have carefully reviewed the company's financial position, cash flow forecasts, and future rental income projections. Despite market fluctuations and potential challenges within the property sector, the company maintains sufficient liquidity, access to credit, and a stable tenant base to meet its obligations as they fall due. The directors have also taken into account the impact of economic conditions, regulatory changes, and the current rental market. After conducting these reviews, the directors believe that the company is well-positioned to continue its operations and meet its liabilities as they arise. Therefore, the accounts have been prepared on a going concern basis.
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Tangible fixed assets
Fixtures & fittings
At 30 September 2023
51,694
Charge for the period
10,339
At 30 September 2023
10,339
At 30 September 2023
41,355
GULF PROPERTIES LIMITED
Notes to the Accounts
for the period from 23 September 2022 to 30 September 2023
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Creditors: amounts falling due within one year
2023
Loans from directors
50,694
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Average number of employees
During the period the average number of employees was 0.