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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
Page
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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
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GARNER PROPERTY GROUP LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
921,274 
515,406 
Current assets
Debtors
18,259 
10,089 
Cash at bank and in hand
26,280 
791 
44,539 
10,880 
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)
Capital and reserves
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
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GARNER PROPERTY GROUP LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
At 1 June 2023
- 
209 
209 
Charge for the year
- 
178 
178 
At 31 May 2024
- 
387 
387 
Net book value
At 31 May 2024
920,950 
324 
921,274 
At 31 May 2023
514,904 
502 
515,406 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
650 
540 
Other debtors
17,609 
9,549 
18,259 
10,089 
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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 
8
Loans to directors
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).
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