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REGISTERED NUMBER: 11233366 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Gurada Property Limited

Gurada Property Limited (Registered number: 11233366)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gurada Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Ali Dogan Atim





REGISTERED OFFICE: 12b Commercial Road
Edmonton
London
N18 1TP





REGISTERED NUMBER: 11233366 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Gurada Property Limited (Registered number: 11233366)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,502,927 2,701,980

CURRENT ASSETS
Debtors 5 23,581 45,315
Cash at bank 55,348 34,883
78,929 80,198
CREDITORS
Amounts falling due within one year 6 263,465 71,140
NET CURRENT (LIABILITIES)/ASSETS (184,536 ) 9,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,318,391

2,711,038

CREDITORS
Amounts falling due after more than one year 7 (2,550,239 ) (2,727,497 )

PROVISIONS FOR LIABILITIES (451,875 ) -
NET ASSETS/(LIABILITIES) 1,316,277 (16,459 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 1,355,625 -
Retained earnings (40,348 ) (17,459 )
1,316,277 (16,459 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gurada Property Limited (Registered number: 11233366)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2024 and were signed by:





Mr Ali Dogan Atim - Director


Gurada Property Limited (Registered number: 11233366)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gurada Property 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Gurada Property Limited (Registered number: 11233366)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 2,692,500 32,764 2,725,264
Revaluations 1,807,500 - 1,807,500
At 31 March 2024 4,500,000 32,764 4,532,764
DEPRECIATION
At 1 April 2023 - 23,284 23,284
Charge for year - 6,553 6,553
At 31 March 2024 - 29,837 29,837
NET BOOK VALUE
At 31 March 2024 4,500,000 2,927 4,502,927
At 31 March 2023 2,692,500 9,480 2,701,980

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 1,807,500 - 1,807,500
Cost 2,692,500 32,764 2,725,264
4,500,000 32,764 4,532,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 23,581 45,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 170,100 -
Trade creditors 79,768 57,346
Taxation and social security 10,847 13,794
Other creditors 2,750 -
263,465 71,140

Gurada Property Limited (Registered number: 11233366)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,458,590 2,727,497
Other creditors 1,091,649 -
2,550,239 2,727,497

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 1,091,649

Repayable by instalments
Bank loans more 5 yr by instal 1,458,590 1,635,848

8. RESERVES
Revaluation
reserve
£   
Revaluation for the year 1,355,625

At 31 March 2024 1,355,625

9. RELATED PARTY DISCLOSURES

At the end of the year the amount of £623,787 (2023:£623,787) was due to Daas Trading London Ltd
Company number 09689847 registered in England and Wales. Also the amount of £170,606 (2023:£170,606) was due to Daas Trading Ltd, Company number 06127965 registered in England and Wales. The above balances were included in the Creditors: Amounts falling due after more than one year "Other Creditors".

Mr Ali Dogan Atim is director and shareholder for the above companies.