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Registered number: 09634360
Guild Architectural Restoration Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09634360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 786,362 629,343
786,362 629,343
CURRENT ASSETS
Debtors 5 - 4,906
Cash at bank and in hand 26,959 75,484
26,959 80,390
Creditors: Amounts Falling Due Within One Year 6 (38,043 ) (47,493 )
NET CURRENT ASSETS (LIABILITIES) (11,084 ) 32,897
TOTAL ASSETS LESS CURRENT LIABILITIES 775,278 662,240
Creditors: Amounts Falling Due After More Than One Year 7 (421,193 ) (427,608 )
NET ASSETS 354,085 234,632
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 354,082 234,629
SHAREHOLDERS' FUNDS 354,085 234,632
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Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Zak Crafer
Director
8 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Guild Architectural Restoration Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09634360 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% per annum on cost
Computer Equipment 25% Reducing balance
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2 (2023: 4)
2 4
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 628,547 3,353 631,900
Additions 157,218 - 157,218
As at 30 June 2024 785,765 3,353 789,118
Depreciation
As at 1 July 2023 - 2,557 2,557
Provided during the period - 199 199
As at 30 June 2024 - 2,756 2,756
Net Book Value
As at 30 June 2024 785,765 597 786,362
As at 1 July 2023 628,547 796 629,343
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 4,906
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Other creditors 28,043 37,122
Taxation and social security - 371
38,043 47,493
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 421,193 427,608
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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