GARLAND ASSOCIATES LIMITED

Company Registration Number:
07900819 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

GARLAND ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GARLAND ASSOCIATES LIMITED

Company Information

for the Period Ended 31 January 2024




Director: NWAOKOLO VALENTINE AZUKA
NWAOKOLO ATINUKE FATIMAH
Registered office: 85
Great Portland Street
First Floor
London
W1W 7LT
Company Registration Number: 07900819 (England and Wales)

GARLAND ASSOCIATES LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

Buying and selling of own real estate Other letting and operating of own or leased real estate

Additional information

Their are qualifying third parties indemnity provisions, they are: Professional liability indemnity Public liability indemnity

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
NWAOKOLO VALENTINE AZUKA
NWAOKOLO ATINUKE FATIMAH

This report was approved by the board of directors on 26 October 2024
And Signed On Behalf Of The Board By:

Name: NWAOKOLO VALENTINE AZUKA
Status: Director

GARLAND ASSOCIATES LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 276,232 223,558
Cost of sales ( 19,578 ) ( 40,869 )
Gross Profit or (Loss) 256,654 182,689
Distribution Costs ( 211,343 ) ( 128,087 )
Administrative Expenses ( 44,951 ) ( 50,436 )
Operating Profit or (Loss) 360 4,166
Profit or (Loss) Before Tax 360 4,166
Tax on Profit ( 72 ) ( 833 )
Profit or (Loss) for Period 288 3,333

The notes form part of these financial statements

GARLAND ASSOCIATES LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 7,050 2,292
Total fixed assets: 7,050 2,292
Current assets
Stocks: 3,364 1,600
Debtors: 5 0 0
Cash at bank and in hand: 26,697 14,912
Total current assets: 30,061 16,512
Creditors: amounts falling due within one year: 6 ( 1,904 ) ( 1,700 )
Net current assets (liabilities): 28,157 14,812
Total assets less current liabilities: 35,207 17,104
Creditors: amounts falling due after more than one year: 7 ( 43,383 ) ( 51,372 )
Total net assets (liabilities): ( 8,176 ) ( 34,268 )

The notes form part of these financial statements

GARLAND ASSOCIATES LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 8 8,899 ( 16,904 )
Profit and loss account: ( 17,076 ) ( 17,365 )
Shareholders funds: ( 8,176 ) ( 34,268 )

For the year ending 31 January 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 26 October 2024
And Signed On Behalf Of The Board By:

Name: NWAOKOLO VALENTINE AZUKA
Status: Director

The notes form part of these financial statements

GARLAND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers and other consultancy activities

    Tangible fixed assets depreciation policy

    Office Equipment - 20% straight line
    Furniture and Fittings - 33.33% straight line

    Valuation information and policy

    Stock is valued at the lower of cost and net realised value.

    Other accounting policies

    Their are qualifying third parties indemnity provisions, they are: Professional liability indemnity Public liability indemnity

GARLAND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

GARLAND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

GARLAND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 February 2023 2,292 - 2,292
Additions 4,864 - 4,864
Disposals - - -
Revaluations 3,418 - 3,418
Transfers - - -
At 31 January 2024 10,574 - 10,574
Depreciation
At 01 February 2023 - - -
Charge for year 3,524 - 3,524
On disposals - - -
Other adjustments - - -
At 31 January 2024 3,524 - 3,524
Net book value
At 31 January 2024 7,050 - 7,050
At 31 January 2023 2,292 - 2,292

Office Equipment - 20% straight line
Furniture and Fittings - 33.33% straight line

GARLAND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 0 0
Total 0 0

GARLAND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 1,904 1,700
Total 1,904 1,700

GARLAND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 43,383 51,372
Total 43,383 51,372

GARLAND ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

8. Revaluation reserve


2024
£
Balance at 01 February 2023 ( 16,904 )
Surplus or deficit after revaluation 25,803
Balance at 31 January 2024 8,899