Company registration number 07222112 (England and Wales)
GBS PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
GBS PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
4,259,169
4,259,369
Current assets
1,161,081
1,046,785
Creditors: amounts falling due within one year
(2,306,810)
(130,124)
Net current (liabilities)/assets
(1,145,729)
916,661
Total assets less current liabilities
3,113,440
5,176,030
Creditors: amounts falling due after more than one year
(1,319,369)
(3,498,469)
Accruals and deferred income
(26,904)
(57,968)
Net assets
1,767,167
1,619,593
Capital and reserves
1,767,167
1,619,593
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
Included within current assets is an amount due from the director of £10,904 (2023: balance owed to the director of £22,685). The balance due is interest free and repayable on demand.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
3
Investment Property
Investment properties are shown at cost less impairment.
Investment properties are not depreciated which is not in accordance with either the Financial Reporting Standard 105 or the requirements of the Companies Act 2006 which state that all assets should be depreciated over their economic life.
The director considers that this departure from the requirement of the standard and the Companies Act 2006 is required in order to give a true and fair view.
GBS Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ashcombe Court, Woolsack Way, Godalming, Surrey, United Kingdom, GU7 1LQ.
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.
GBS PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The director acknowledges his 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 in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 25 January 2025
Mr G Tulsi
Director
Company registration number 07222112 (England and Wales)