Company registration number 11910769 (England and Wales)
THE GINGER BEE PROPERTY COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
THE GINGER BEE PROPERTY COMPANY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE GINGER BEE PROPERTY COMPANY LTD
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,323
1,556
Investment properties
4
243,933
243,933
245,256
245,489
Current assets
Debtors
5
-
0
700
Cash at bank and in hand
1,778
5
1,778
705
Creditors: amounts falling due within one year
6
(255,345)
(9,983)
Net current liabilities
(253,567)
(9,278)
Total assets less current liabilities
(8,311)
236,211
Creditors: amounts falling due after more than one year
7
-
0
(243,092)
Net liabilities
(8,311)
(6,881)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(8,411)
(6,981)
Total equity
(8,311)
(6,881)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 13 January 2025 and are signed on its behalf by:
D Thorneloe
L Thorneloe
Director
Director
Company Registration No. 11910769
THE GINGER BEE PROPERTY COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
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. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% reducing balance
Computers
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

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.

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.

1.6
Company information

The Ginger Bee Property Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Capital House, 272 Manchester Road, Droylsden, Manchester, M43 6PW.

THE GINGER BEE PROPERTY COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 and 30 April 2024
2,691
Depreciation and impairment
At 1 May 2023
1,135
Depreciation charged in the year
233
At 30 April 2024
1,368
Carrying amount
At 30 April 2024
1,323
At 30 April 2023
1,556
4
Investment property
2024
£
Cost
At 1 May 2023 and 30 April 2024
243,933
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
700
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
255,345
9,983
THE GINGER BEE PROPERTY COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
243,092

The bank loan relates to an interest only mortgage with Barclays Bank UK PLC.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable other than by instalments
-
243,092
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