Company Registration No. 10164601 (England and Wales)
GARNER PROPERTY GROUP LTD
Unaudited accounts
for the year ended 31 May 2024
GARNER PROPERTY GROUP LTD
Unaudited accounts
Contents
GARNER PROPERTY GROUP LTD
Company Information
for the year ended 31 May 2024
Directors
Claire Garner
James Garner
Daniel Rowe
Holly Saxon
Company Number
10164601 (England and Wales)
Registered Office
C/O Seftons, 135-143 Union Street
Oldham
Lancashire
OL1 1TE
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
GARNER PROPERTY GROUP LTD
Statement of financial position
as at 31 May 2024
Tangible assets
921,274
515,406
Cash at bank and in hand
26,280
791
Creditors: amounts falling due within one year
(190,947)
(111,972)
Net current liabilities
(146,408)
(101,092)
Total assets less current liabilities
774,866
414,314
Creditors: amounts falling due after more than one year
(887,379)
(476,652)
Net liabilities
(112,513)
(62,338)
Called up share capital
4
4
Profit and loss account
(112,517)
(62,342)
Shareholders' funds
(112,513)
(62,338)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
James Garner
Director
Company Registration No. 10164601
GARNER PROPERTY GROUP LTD
Notes to the Accounts
for the year ended 31 May 2024
GARNER PROPERTY GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10164601. The registered office is C/O Seftons, 135-143 Union Street, Oldham, Lancashire, OL1 1TE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
514,904
711
515,615
Additions
406,046
-
406,046
At 31 May 2024
920,950
711
921,661
Charge for the year
-
178
178
At 31 May 2024
920,950
324
921,274
At 31 May 2023
514,904
502
515,406
Amounts falling due within one year
Accrued income and prepayments
650
540
Other debtors
17,609
9,549
GARNER PROPERTY GROUP LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
190,947
111,972
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
887,379
476,652
During the year loans totalling £190,947.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).