Registered number
02126254
Guardian Property Management Limited
Unaudited Filleted Accounts
31 March 2024
Guardian Property Management Limited
Registered number: 02126254
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 100,000 85,000
Current assets
Stocks - 11,132
Cash at bank and in hand 207,222 208,410
207,222 219,542
Creditors: amounts falling due within one year 4 (120,234) (121,176)
Net current assets 86,988 98,366
Total assets less current liabilities 186,988 183,366
Provisions for liabilities (18,154) (10,948)
Net assets 168,834 172,418
Capital and reserves
Called up share capital 500 500
Profit and loss account 168,334 171,918
Shareholders' funds 168,834 172,418
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alison Jane Gargani
Director
Approved by the board on 24 September 2024
Guardian Property Management Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment properties are shown at original cost. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 85,000
Surplus on revaluation 15,000
At 31 March 2024 100,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 100,000
At 31 March 2023 85,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 27,381 27,381
Cumulative depreciation based on historical cost 18,619 18,071
8,762 9,310
The property was last revalued as at 31 March 2024. The historical cost of the building was £27,381 but the market valuation of the property as at 31 March 2024 was £100,000.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 117,357 117,969
Taxation and social security costs - 836
Other creditors 2,877 2,371
120,234 121,176
5 Related party transactions
Dividends of £1,996 (2023: £1,996) were paid to Abdul Rahman Abdelgader Gargani during the period.

Dividends of £4 (2023: £4) were paid to Alison Jane Gargani during the period.
6 Controlling party
The company is controlled by Abdul Rahman Abdelgader Gargani.
7 Other information
Guardian Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Canterbury Road
Hale
Altrincham
Cheshire
WA15 8PL
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