Gandercleugh Properties Limited 12130628 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of investment property management Digita Accounts Production Advanced 6.30.9574.0 true true 12130628 2023-08-01 2024-07-31 12130628 2024-07-31 12130628 core:RetainedEarningsAccumulatedLosses 2024-07-31 12130628 core:ShareCapital 2024-07-31 12130628 core:CurrentFinancialInstruments 2024-07-31 12130628 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12130628 bus:SmallEntities 2023-08-01 2024-07-31 12130628 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12130628 bus:FilletedAccounts 2023-08-01 2024-07-31 12130628 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12130628 bus:RegisteredOffice 2023-08-01 2024-07-31 12130628 bus:Director1 2023-08-01 2024-07-31 12130628 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12130628 countries:EnglandWales 2023-08-01 2024-07-31 12130628 2023-07-31 12130628 2022-08-01 2023-07-31 12130628 2023-07-31 12130628 core:RetainedEarningsAccumulatedLosses 2023-07-31 12130628 core:ShareCapital 2023-07-31 12130628 core:CurrentFinancialInstruments 2023-07-31 12130628 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 12130628

Gandercleugh Properties Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Gandercleugh Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Gandercleugh Properties Limited

Company Information

Director

E W Paton

Registered office

Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
Somerset
BS22 8NG

 

Gandercleugh Properties Limited

(Registration number: 12130628)
Balance Sheet
31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

130,000

120,000

Current assets

 

Debtors

5

353

-

Cash at bank and in hand

 

13,276

12,113

 

13,629

12,113

Creditors: Amounts falling due within one year

6

(94,952)

(94,820)

Net current liabilities

 

(81,323)

(82,707)

Total assets less current liabilities

 

48,677

37,293

Provisions for liabilities

(7,693)

(4,750)

Net assets

 

40,984

32,543

Capital and reserves

 

Called up share capital

1

1

Retained earnings

40,983

32,542

Shareholders' funds

 

40,984

32,543

 

Gandercleugh Properties Limited

(Registration number: 12130628)
Balance Sheet
31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 30 October 2024
 

.........................................
E W Paton
Director

 

Gandercleugh Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Spencer House
Morston Court
Aisecome Way
Weston-super-Mare
North Somerset
BS22 8NG
England

These financial statements were authorised for issue by the director on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Gandercleugh Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 August

120,000

Fair value adjustments

10,000

At 31 July

130,000

During the year the investment property was valued by an independent valuer, based on open market value.

5

Debtors

2024
£

2023
£

Trade debtors

353

-

353

-

 

Gandercleugh Properties Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

170

673

Accruals and deferred income

936

900

Other creditors

93,846

93,247

94,952

94,820