Company registration number 13845670 (England and Wales)
GDR PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
GDR PROPERTY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GDR PROPERTY LTD
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
140,651
130,000
Current assets
Debtors
4
1
1
Cash at bank and in hand
835
3,175
836
3,176
Creditors: amounts falling due within one year
5
(44,065)
(32,842)
Net current liabilities
(43,229)
(29,666)
Total assets less current liabilities
97,422
100,334
Creditors: amounts falling due after more than one year
6
(98,920)
(102,024)
Net liabilities
(1,498)
(1,690)
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(1,499)
(1,691)
Total equity
(1,498)
(1,690)
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 November 2024
Mr R J Seddon
Director
Company registration number 13845670 (England and Wales)
GDR PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information
GDR Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Lomber Hey House, Andrew Lane, High Lane, Stockport, SK6 8HY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention, modified to include investment property at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The truecompany is reliant on external finance providers. The director is not aware of any reason why this support will not be maintained for the foreseeable future, and as a result has continued to adopt a going concern basis in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for services net of VAT.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
GDR PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
3
Investment property
2024
£
Fair value
At 1 February 2023
130,000
Additions
10,651
At 31 January 2024
140,651
The investment property is included in the financial statements at cost. The director believes that the market value of the investment property is not materially different from cost.
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1
1
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
44,065
32,842
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
98,920
102,024
The Other creditors balance of £98,920 (2023 - £102,024) is secured by way of a fixed charge on the company's investment property.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary shares of £1 each
1
1
1
1