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Registration number: 07696251

The Giltbrook Dyers & Cleaners (Properties) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

The Giltbrook Dyers & Cleaners (Properties) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

The Giltbrook Dyers & Cleaners (Properties) Limited

Company Information

Directors

Mr C M Jackson

Mrs M Jackson

Company secretary

Mrs M Jackson

Registered office

Mercian Close
Manners Industrial Estate
Ilkeston
Derbyshire
DE7 8HG

Accountants

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

The Giltbrook Dyers & Cleaners (Properties) Limited

(Registration number: 07696251)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

36,302

38,212

Investment property

5

1,068,737

1,068,737

 

1,105,039

1,106,949

Creditors: Amounts falling due within one year

6

(1,078,220)

(1,078,990)

Net assets

 

26,819

27,959

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

26,818

27,958

Shareholders' funds

 

26,819

27,959

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
Mr C M Jackson
Director

 

The Giltbrook Dyers & Cleaners (Properties) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mercian Close
Manners Industrial Estate
Ilkeston
Derbyshire
DE7 8HG

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Solar Panels

4% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

The Giltbrook Dyers & Cleaners (Properties) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

The Giltbrook Dyers & Cleaners (Properties) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

47,762

47,762

At 31 March 2024

47,762

47,762

Depreciation

At 1 April 2023

9,550

9,550

Charge for the year

1,910

1,910

At 31 March 2024

11,460

11,460

Carrying amount

At 31 March 2024

36,302

36,302

At 31 March 2023

38,212

38,212

5

Investment properties

2024
£

At 1 April

1,068,737

At 31 March

1,068,737

The investment property is recorded at original cost. The directors consider that this still represents its fair value.

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,063,020

1,062,990

Accruals and deferred income

 

15,200

16,000

 

1,078,220

1,078,990

 

The Giltbrook Dyers & Cleaners (Properties) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

       

8

Parent and ultimate parent undertaking

The company's immediate parent is The Giltbrook Dyers & Cleaners (Holdings) Limited, incorporated in England and Wales.