1 February 2023 false No description of principal activity Taxfiler 2024.5 13856449business:PrivateLimitedCompanyLtd2023-02-012024-01-31 138564492023-01-31 138564492023-02-012024-01-31 13856449business:AuditExemptWithAccountantsReport2023-02-012024-01-31 13856449business:FilletedAccounts2023-02-012024-01-31 138564492024-01-31 13856449business:Director12023-02-012024-01-31 13856449business:Director22023-02-012024-01-31 13856449business:RegisteredOffice2023-02-012024-01-31 138564492023-01-31 13856449core:WithinOneYear2024-01-31 13856449core:WithinOneYear2023-01-31 13856449core:AfterOneYear2024-01-31 13856449core:AfterOneYear2023-01-31 13856449core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 13856449core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 13856449core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 13856449core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 13856449core:PreviouslyStatedAmount2024-01-31 13856449core:PreviouslyStatedAmount2023-01-31 13856449business:SmallEntities2023-02-012024-01-31 13856449countries:EnglandWales2023-02-012024-01-31 138564492022-01-182023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13856449 (England and Wales)
Gemini Properties Sussex Limited Unaudited accounts for the year ended 31 January 2024
Gemini Properties Sussex Limited Unaudited accounts Contents
Page
- 2 -
Gemini Properties Sussex Limited Company Information for the year ended 31 January 2024
Directors
Benjamin David Gardener Thomas Winston Gardener
Company Number
13856449 (England and Wales)
Registered Office
Marlow Potmans Lane Bexhill-On-Sea TN39 5JL England
- 3 -
Gemini Properties Sussex Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
313,087 
313,087 
Creditors: amounts falling due within one year
(91,832)
(96,099)
Net current liabilities
(91,832)
(96,099)
Total assets less current liabilities
221,255 
216,988 
Creditors: amounts falling due after more than one year
(223,105)
(223,105)
Net liabilities
(1,850)
(6,117)
Capital and reserves
Called up share capital
100 
- 
Profit and loss account
(1,950)
(6,117)
Shareholders' funds
(1,850)
(6,117)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
Benjamin David Gardener Director Company Registration No. 13856449
- 4 -
Gemini Properties Sussex Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Gemini Properties Sussex Limited is a private company, limited by shares, registered in England and Wales, registration number 13856449. The registered office is Marlow, Potmans Lane, Bexhill-On-Sea, TN39 5JL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
313,087 
At 31 January 2024
313,087 
The fair value of the investment property has been arrived at on the basis of a valuation carried out at the date of purchase. The valuation was made on an open market value basis, by reference to market evidence of transaction prices by similar properties. The directors do not believe that the value has changed since this date.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
91,432 
95,699 
Accruals
400 
400 
91,832 
96,099 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
223,105 
223,105 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 5 -