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REGISTERED NUMBER: 13419379 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

GARV LIMITED

GARV LIMITED (REGISTERED NUMBER: 13419379)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARV LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R Verspreeuwen
Ms V M Delattre
Miss A P F De Brauwer
P G P M De Lhoneux





REGISTERED OFFICE: 54 Lambert Road
London
SW2 5BH





REGISTERED NUMBER: 13419379 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

GARV LIMITED (REGISTERED NUMBER: 13419379)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 28,463 37,950
Investment property 5 1,627,445 1,627,445
1,655,908 1,665,395

CURRENT ASSETS
Debtors 6 100 100
Cash at bank 14,607 5,344
14,707 5,444
CREDITORS
Amounts falling due within one year 7 (168,700 ) (100,897 )
NET CURRENT LIABILITIES (153,993 ) (95,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,501,915

1,569,942

CREDITORS
Amounts falling due after more than one year 8 (1,767,000 ) (1,767,000 )
NET LIABILITIES (265,085 ) (197,058 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (265,185 ) (197,158 )
(265,085 ) (197,058 )

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

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

The directors acknowledge their 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.

GARV LIMITED (REGISTERED NUMBER: 13419379)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Miss A P F De Brauwer - Director


GARV LIMITED (REGISTERED NUMBER: 13419379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

GARV 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.

Turnover
Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to premises - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GARV LIMITED (REGISTERED NUMBER: 13419379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 50,600
DEPRECIATION
At 1 June 2023 12,650
Charge for year 9,487
At 31 May 2024 22,137
NET BOOK VALUE
At 31 May 2024 28,463
At 31 May 2023 37,950

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,627,445
NET BOOK VALUE
At 31 May 2024 1,627,445
At 31 May 2023 1,627,445

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Called up share capital not paid 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 2,656 1,261
Accrued expenses 166,044 99,636
168,700 100,897

GARV LIMITED (REGISTERED NUMBER: 13419379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due after 5 years 1,085,000 1,085,000
Amounts due to associated
undertakings 176,000 176,000
Director's loan accounts 506,000 506,000
1,767,000 1,767,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after 5 years 1,085,000 1,085,000