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COMPANY REGISTRATION NUMBER: 11951739
GS Investments (Leicester) Limited
Filleted Unaudited Financial Statements
31 March 2024
GS Investments (Leicester) Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
4,986,234
100
Current assets
Cash at bank and in hand
3,652
8,180
Creditors: amounts falling due within one year
5
11,500
14,373
--------
--------
Net current liabilities
7,848
6,193
------------
-------
Total assets less current liabilities
4,978,386
( 6,093)
------------
-------
Net assets/(liabilities)
4,978,386
( 6,093)
------------
-------
Capital and reserves
Called up share capital
100
100
Other reserves
4,986,134
Profit and loss account
( 7,848)
( 6,193)
------------
-------
Shareholders funds/(deficit)
4,978,386
( 6,093)
------------
-------
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 income statement has not been delivered.
For the 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 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 .
GS Investments (Leicester) Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Mr M Singh
Director
Company registration number: 11951739
GS Investments (Leicester) Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 120 Ross Walk, Leicester, LE4 5HH.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2023
100
Revaluations
4,986,134
------------
At 31 March 2024
4,986,234
------------
Impairment
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
4,986,234
------------
At 31 March 2023
100
------------
The investment in group undertakings were revalued by the directors on 31 March 2024. They have been valued at the net asset values of the subsidiary companies.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
10,000
10,000
Other creditors
1,500
4,373
--------
--------
11,500
14,373
--------
--------
6. Fair value reserve
The following movements on the fair value reserve are included within other reserves in the statement of changes in equity:
2024
2023
£
£
Fair value adjustments to shares in group undertakings
4,986,134
------------
----
At end of year
4,986,134
------------
----