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REGISTERED NUMBER: 11979883 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GORDON PROPERTIES (NW) LTD

GORDON PROPERTIES (NW) LTD (REGISTERED NUMBER: 11979883)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GORDON PROPERTIES (NW) LTD

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Mr L Gordon
Mrs E Gordon
Mr J Gordon





REGISTERED OFFICE: 7 Pinewood Court
South Downs Road
Hale
Cheshire
WA14 3HY





REGISTERED NUMBER: 11979883 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

GORDON PROPERTIES (NW) LTD (REGISTERED NUMBER: 11979883)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,610,000 2,135,000

CURRENT ASSETS
Debtors 5 3,265 2,250
Cash at bank 26,737 46,524
30,002 48,774
CREDITORS
Amounts falling due within one year 6 (149,565 ) (157,141 )
NET CURRENT LIABILITIES (119,563 ) (108,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,490,437

2,026,633

CREDITORS
Amounts falling due after more than one
year

7

(465,387

)

(930,886

)

PROVISIONS FOR LIABILITIES (82,500 ) (83,914 )
NET ASSETS 942,550 1,011,833

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium 627,771 627,771
Fair value reserve 9 247,500 -
Retained earnings 66,279 383,062
SHAREHOLDERS' FUNDS 942,550 1,011,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GORDON PROPERTIES (NW) LTD (REGISTERED NUMBER: 11979883)

BALANCE SHEET - continued
31st March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th October 2024 and were signed on its behalf by:





Mr L Gordon - Director


GORDON PROPERTIES (NW) LTD (REGISTERED NUMBER: 11979883)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Gordon Properties (NW) Limited is a private company, limited by shares, registered in England and Wales, registration number 11979883. The address of the registered office and principal place of business is 7 Pinewood Court South Downs Road, Hale, Altrincham, England, WA14 3HY.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income received from letting and operating of own or leased real estate. The company is also involved in buying and selling of own real estate.

Investment property
Investment property is shown at fair value at each balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

GORDON PROPERTIES (NW) LTD (REGISTERED NUMBER: 11979883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 2,135,000
Additions 19,410
Disposals (432,760 )
Revaluations (111,650 )
At 31st March 2024 1,610,000
NET BOOK VALUE
At 31st March 2024 1,610,000
At 31st March 2023 2,135,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 1,610,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,265 2,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,584 25,326
Taxation and social security 16,153 8,301
Other creditors 116,828 123,514
149,565 157,141

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 465,387 930,886

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 399,051 829,582

GORDON PROPERTIES (NW) LTD (REGISTERED NUMBER: 11979883)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
420 Ordinary A £1.00 420 420
420 Ordinary B £1.00 420 420
160 Ordinary C £1.00 160 160
1,000 1,000

9. RESERVES
Fair
value
reserve
£   
Transfer of fair value reserve 247,500

At 31st March 2024 247,500