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Company Registration No. 07176253 (England and Wales)
Barbara Gibson Properties Ltd Unaudited accounts for the year ended 31 March 2024
Barbara Gibson Properties Ltd Unaudited accounts Contents
Page
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Barbara Gibson Properties Ltd Company Information for the year ended 31 March 2024
Directors
Alan Stewart Eldridge Nicholas Jake Gerald Gibbs
Company Number
07176253 (England and Wales)
Registered Office
412 Archway Road London N6 5UA England
Accountants
Abacus Accounting Solutions Ltd 5 Pasture Close North Wembley Middlesex HA0 3JE
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Barbara Gibson Properties Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,514 
1,937 
Investment property
176,001 
176,001 
177,515 
177,938 
Current assets
Debtors
165,844 
170,060 
Cash at bank and in hand
220,075 
203,466 
385,919 
373,526 
Creditors: amounts falling due within one year
(179,177)
(175,979)
Net current assets
206,742 
197,547 
Net assets
384,257 
375,485 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
384,157 
375,385 
Shareholders' funds
384,257 
375,485 
For the year ending 31 March 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 23 January 2025 and were signed on its behalf by
Alan Stewart Eldridge Director Company Registration No. 07176253
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Barbara Gibson Properties Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Barbara Gibson Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 07176253. The registered office is 412 Archway Road, London, N6 5UA, England.
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:
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investment property
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
365,000 
At 31 March 2024
365,000 
Amortisation
At 1 April 2023
365,000 
At 31 March 2024
365,000 
Net book value
At 31 March 2024
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Barbara Gibson Properties Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,405 
9,442 
17,847 
At 31 March 2024
8,405 
9,442 
17,847 
Depreciation
At 1 April 2023
6,513 
9,397 
15,910 
Charge for the year
378 
45 
423 
At 31 March 2024
6,891 
9,442 
16,333 
Net book value
At 31 March 2024
1,514 
- 
1,514 
At 31 March 2023
1,892 
45 
1,937 
6
Investment property
2024 
£ 
Fair value at 1 April 2023
176,001 
At 31 March 2024
176,001 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
140,875 
168,200 
Other debtors
24,969 
1,860 
165,844 
170,060 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
42,445 
30,260 
Taxes and social security
43,678 
32,323 
Other creditors
63,674 
63,516 
Accruals
29,380 
49,880 
179,177 
175,979 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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