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REGISTERED NUMBER: 12370338 (England and Wales)















G&T PROPERTIES CARDIFF LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






G&T PROPERTIES CARDIFF LIMITED (REGISTERED NUMBER: 12370338)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


G&T PROPERTIES CARDIFF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr. T G Flanagan
Mrs. E C Flanagan





REGISTERED OFFICE: 11 Hollybush Road
Cyncoed
Cardiff
CF23 6SX





REGISTERED NUMBER: 12370338 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

G&T PROPERTIES CARDIFF LIMITED (REGISTERED NUMBER: 12370338)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 713,025 256,337

CURRENT ASSETS
Cash at bank 8,935 33,539

CREDITORS
Amounts falling due within one year 5 673,286 260,195
NET CURRENT LIABILITIES (664,351 ) (226,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,674 29,681

CREDITORS
Amounts falling due after more than one year 6 12,108 -
NET ASSETS 36,566 29,681

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,466 29,581
SHAREHOLDERS' FUNDS 36,566 29,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:





Mrs. E C Flanagan - Director


G&T PROPERTIES CARDIFF LIMITED (REGISTERED NUMBER: 12370338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

G&T Properties Cardiff Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 256,337
Additions 456,688
At 31st December 2023 713,025
NET BOOK VALUE
At 31st December 2023 713,025
At 31st December 2022 256,337

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 269,142 -
Taxation and social security 348 4,781
Other creditors 403,796 255,414
673,286 260,195

G&T PROPERTIES CARDIFF LIMITED (REGISTERED NUMBER: 12370338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 12,108 -