Company Registration No. 10295037 (England and Wales)
GINSBERG PROPERTIES LIMITED
Unaudited accounts
for the year ended 29 September 2024
GINSBERG PROPERTIES LIMITED
Unaudited accounts
Contents
GINSBERG PROPERTIES LIMITED
Company Information
for the year ended 29 September 2024
Company Number
10295037 (England and Wales)
Registered Office
STERLING HOUSE
71 FRANCIS ROAD, EDGBASTON,
BIRMINGHAM
B16 8SP
UNITED KINGDOM
Accountants
Wentworth Wealth Ltd
44-45 Calthorpe Road
Edgbaston
Birmingham
B15 1TH
GINSBERG PROPERTIES LIMITED
Statement of financial position
as at 29 September 2024
Tangible assets
538,231
540,295
Cash at bank and in hand
79,358
218,485
Creditors: amounts falling due within one year
(8,670)
101,250
Net current assets
332,817
377,578
Net assets
871,148
917,973
Called up share capital
200
200
Profit and loss account
870,948
917,773
Shareholders' funds
871,148
917,973
For the year ending 29 September 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 director acknowledges his 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 and authorised for issue on 20 January 2025 and were signed on its behalf by
Harkamel Singh
Director
Company Registration No. 10295037
GINSBERG PROPERTIES LIMITED
Notes to the Accounts
for the year ended 29 September 2024
GINSBERG PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10295037. The registered office is STERLING HOUSE, 71 FRANCIS ROAD, EDGBASTON,, BIRMINGHAM, B16 8SP, UNITED KINGDOM.
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:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided and changes in fair value are recognised in the profit and loss account.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 30 September 2023
529,011
-
33,293
562,304
Additions
-
10,117
3,713
13,830
At 29 September 2024
529,011
10,117
37,006
576,134
At 30 September 2023
-
-
22,009
22,009
Charge for the year
-
3,372
12,522
15,894
At 29 September 2024
-
3,372
34,531
37,903
At 29 September 2024
529,011
6,745
2,475
538,231
At 29 September 2023
529,011
-
11,284
540,295
GINSBERG PROPERTIES LIMITED
Notes to the Accounts
for the year ended 29 September 2024
5
Investments
Subsidiary undertakings
Valuation at 30 September 2023
100
Valuation at 29 September 2024
100
Amounts falling due within one year
Accrued income and prepayments
711
714
Amounts falling due after more than one year
Amounts due from group undertakings etc.
261,418
57,129
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
(11,796)
-
Taxes and social security
18,966
-
Loans from directors
-
(102,750)
£11,796 is owed from Crowne Home Care Ltd but has been left in creditors
8
Transactions with related parties
As t the balance sheet date £499,149 (2021: £400,399) was due from Crowne Home Care Limited, a partially owned subsidiary company.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).