Registered number
13366267
GKCB INVESTMENTS LTD
Filleted Accounts
30 April 2024
GKCB INVESTMENTS LTD
Registered number: 13366267
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 531,520 512,280
Current assets
Cash at bank and in hand 8,308 3,417
Net current assets 8,308 3,417
Total assets less current liabilities 539,828 515,697
Creditors: amounts falling due after more than one year 4 (499,552) (491,386)
Provisions for liabilities (13,513) (9,713)
Net assets 26,763 14,598
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,761 14,596
Shareholders' funds 26,763 14,598
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gurinder Singh Bahia
Director
Approved by the board on 10 January 2025
GKCB INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rental income.Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.Initial direct costs incurred in negotiating and arranging an operating lease are added to the carring amount of the leased asset and recognised on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investment Properties are properties, which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.Subsequently it is measured at fair value at the reprorting date.The surplus or deficit on revaluation is recognised in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 510,000 3,800 513,800
Surplus on revaluation 20,000 - 20,000
At 30 April 2024 530,000 3,800 533,800
Depreciation
At 1 May 2023 - 1,520 1,520
Charge for the year - 760 760
At 30 April 2024 - 2,280 2,280
Net book value
At 30 April 2024 530,000 1,520 531,520
At 30 April 2023 510,000 2,280 512,280
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 April 2024 by the director.The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 337,107 337,107
Other creditors 162,445 154,279
499,552 491,386
5 Other information
GKCB INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 Jubilee Avenue
Twickenham
TW2 6JA
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