2023-05-01 05106561 2024-04-30 05106561 2023-05-01 2024-04-30 05106561 2023-04-30 05106561 2022-05-01 2023-04-30 05106561 uk-core:WithinOneYear 2023-04-30 05106561 uk-core:WithinOneYear 2024-04-30 05106561 uk-core:AfterOneYear 2023-04-30 05106561 uk-core:AfterOneYear 2024-04-30 05106561 uk-core:ShareCapital 2024-04-30 05106561 uk-core:ShareCapital 2023-04-30 05106561 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 05106561 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 05106561 uk-bus:Director1 2023-05-01 2024-04-30 05106561 uk-bus:Director2 2023-05-01 2024-04-30 05106561 uk-core:Buildings 2023-05-01 2024-04-30 05106561 uk-core:PlantMachinery 2023-05-01 2024-04-30 05106561 uk-core:PlantMachinery 2023-04-30 05106561 uk-core:Buildings 2023-04-30 05106561 uk-core:Buildings 2024-04-30 05106561 uk-core:PlantMachinery 2024-04-30 05106561 uk-core:WithinOneYear 2024-04-30 05106561 uk-core:WithinOneYear 2023-04-30 05106561 uk-core:AfterOneYear uk-core:Secured 2024-04-30 05106561 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure 05106561 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05106561 uk-bus:FRS102 2023-05-01 2024-04-30 05106561 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 05106561 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Gaines and Kerry Properties Limited
Registered Number:05106561
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Gaines and Kerry Properties Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05106561
As at 30 April 2024
Gaines and Kerry Properties Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
618,602
637,250
2
618,602
637,250
Current assets
Trade and other receivables
3,179
9,069
3
9,758
Cash and cash equivalents
5,639
14,708
12,937
Trade and other payables: amounts falling due within one
year
(475,724)
(480,045)
4
(462,787)
(465,337)
Net current liabilities
Total assets less current liabilities
153,265
174,463
Trade and other payables: amounts falling due after more
than one year
(376,764)
(366,926)
5
(213,661)
Net liabilities
(202,301)
Capital and reserves
Called up share capital
80
80
Retained earnings
(213,741)
(202,381)
(213,661)
(202,301)
Shareholders' funds
For the 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 members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements
of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
05106561
For the year ended 30 April 2024
Gaines and Kerry Properties Limited
Statement of Financial Position Continued
V.K. Gaines Director
F.C. Kerry Director
These financial statements were approved and authorised for issue by the Board on 10 January 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 April 2024
Gaines and Kerry Properties Limited
Notes to the Financial Statements
Statutory Information
Gaines and Kerry Properties Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05106561.
Registered address:
The Old Rectory
Burnmoor
Houghton le Spring
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Going Concern
The financial statements have been prepared on a going concern basis as the directors believe that no material
uncertainties exist. The directors have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements and have concluded that the company is
able to continue as a going concern.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Per annum on cost
Plant and equipment
25% per annum on cost
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6
For the year ended 30 April 2024
Gaines and Kerry Properties Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
equipment
Land and
buildings
£
£
£
Cost or
valuation
At 01 May 2023
948,442
16,034
932,408
At 30 April 2024
932,408
16,034
948,442
Provision for depreciation and impairment
At 01 May 2023
311,192
16,034
295,158
Charge for year
18,648
-
18,648
At 30 April 2024
329,840
16,034
313,806
At 30 April 2024
Net book value
618,602
-
618,602
At 30 April 2023
637,250
-
637,250
3. Trade and other receivables
2023
2024
£
£
Other debtors
9,069
3,179
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
33,384
27,804
Taxation and social security
1,710
1,290
Other creditors
444,951
446,630
480,045
475,724
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
366,926
376,764
6. Average number of persons employed
During the year the average number of employees were 4 (2023 : 4)
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