3 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 00595611 2022-10-01 2023-09-30 00595611 2023-09-30 00595611 2022-09-30 00595611 2021-10-01 2022-09-30 00595611 2022-09-30 00595611 2021-09-30 00595611 core:PlantMachinery 2022-10-01 2023-09-30 00595611 bus:RegisteredOffice 2022-10-01 2023-09-30 00595611 bus:LeadAgentIfApplicable 2022-10-01 2023-09-30 00595611 bus:Director1 2022-10-01 2023-09-30 00595611 bus:Director2 2022-10-01 2023-09-30 00595611 bus:Director3 2022-10-01 2023-09-30 00595611 bus:CompanySecretary1 2022-10-01 2023-09-30 00595611 core:PlantMachinery 2022-09-30 00595611 core:LandBuildings 2023-09-30 00595611 core:PlantMachinery 2023-09-30 00595611 core:WithinOneYear 2023-09-30 00595611 core:WithinOneYear 2022-09-30 00595611 core:ShareCapital 2023-09-30 00595611 core:ShareCapital 2022-09-30 00595611 core:RetainedEarningsAccumulatedLosses 2023-09-30 00595611 core:RetainedEarningsAccumulatedLosses 2022-09-30 00595611 core:LandBuildings 2022-09-30 00595611 bus:SmallEntities 2022-10-01 2023-09-30 00595611 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 00595611 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 00595611 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 00595611 bus:FullAccounts 2022-10-01 2023-09-30 00595611 core:ComputerEquipment 2023-09-30 00595611 core:ComputerEquipment 2022-09-30 00595611 core:ComputerEquipment 2022-10-01 2023-09-30 00595611 core:CapitalReserve 2022-10-01 2023-09-30
COMPANY REGISTRATION NUMBER: 00595611
GILBERT'S (HOLDINGS) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2023
GILBERT'S (HOLDINGS) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 7
GILBERT'S (HOLDINGS) LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mrs T E Rose
Mr M J Gilbert
Mr R E Gilbert
Company secretary
Mrs C Mabb
Registered office
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY
Accountants
Opass Billings Wilson & Honey LLP
Chartered Certified Accountants
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY
Bankers
Barclays Bank Plc
Wolverhampton Queens Sq
Leicestershire
Leicester
LE87 2BB
Solicitors
Judge & Priestley LLP
100 Station Road
Sidcup
Kent
DA15 7DT
GILBERT'S (HOLDINGS) LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
2,061,594
2,061,674
Current assets
Debtors
6
17,266
11,453
Cash at bank and in hand
314,867
286,912
---------
---------
332,133
298,365
Creditors: amounts falling due within one year
7
46,542
39,462
---------
---------
Net current assets
285,591
258,903
------------
------------
Total assets less current liabilities
2,347,185
2,320,577
Provisions
Taxation including deferred tax
243,064
243,079
Accruals and deferred income
5,391
5,816
------------
------------
Net assets
2,098,730
2,071,682
------------
------------
Capital and reserves
Called up share capital
4,922
4,922
Profit and loss account
8
2,093,808
2,066,760
------------
------------
Shareholders funds
2,098,730
2,071,682
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GILBERT'S (HOLDINGS) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 26 September 2024 , and are signed on behalf of the board by:
Mr R E Gilbert
Director
Company registration number: 00595611
GILBERT'S (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Debtors
Debtors are initially recorded at fair value and are assessed for impairment at each reporting date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.
Creditors
Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.
Statement of cash flows
The company has taken advantage of the small companies exemptions and not prepared a statement of cash flows.
Revenue recognition
Revenue refers to the revenue earned from the Company's principal activity; the letting of commercial and residential property. The revenue shown in the statement of comprehensive income represents amounts invoiced during the year, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned.
Tangible assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Computer equipment
-
5 years straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Investment property
Plant and machinery
Computer equipment
Total
£
£
£
£
Cost
At 1 October 2022 and 30 September 2023
2,061,594
86,436
400
2,148,430
------------
--------
----
------------
Depreciation
At 1 October 2022
86,436
320
86,756
Charge for the year
80
80
------------
--------
----
------------
At 30 September 2023
86,436
400
86,836
------------
--------
----
------------
Carrying amount
At 30 September 2023
2,061,594
2,061,594
------------
--------
----
------------
At 30 September 2022
2,061,594
80
2,061,674
------------
--------
----
------------
The total historic cost of the Investment Property amounts to £266,636. The Directors have considered the accuracy of the fair value of the Investment Property at the year end and concluded that the reported fair value is reasonable and no fair value adjustment is necessary during the reporting year. The appraisal techniques used included, but were not limited to, comparing the current annual market rent yielded against the current fair value and comparing the market values of similar Investment Property recently sold in an open market on an arm's length basis.
6. Debtors
2023
2022
£
£
Trade debtors
1,852
1,449
Other debtors
15,414
10,004
--------
--------
17,266
11,453
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
22,270
17,741
Social security and other taxes
2,751
Other creditors
24,272
18,970
--------
--------
46,542
39,462
--------
--------
8. Reserves
Included in the profit and loss reserves are non distributable amounts of £1,551,894 relating to historic property revaluations .
9. Controlling party
The company has no one controlling party .