Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.33falseNo description of principal activitytruetruefalse 12415777 2023-02-01 2024-01-31 12415777 2022-02-01 2023-01-31 12415777 2024-01-31 12415777 2023-01-31 12415777 c:Director2 2023-02-01 2024-01-31 12415777 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 12415777 d:FreeholdInvestmentProperty 2024-01-31 12415777 d:FreeholdInvestmentProperty 2023-01-31 12415777 d:CurrentFinancialInstruments 2024-01-31 12415777 d:CurrentFinancialInstruments 2023-01-31 12415777 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12415777 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12415777 d:ShareCapital 2024-01-31 12415777 d:ShareCapital 2023-01-31 12415777 d:RetainedEarningsAccumulatedLosses 2024-01-31 12415777 d:RetainedEarningsAccumulatedLosses 2023-01-31 12415777 c:FRS102 2023-02-01 2024-01-31 12415777 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12415777 c:FullAccounts 2023-02-01 2024-01-31 12415777 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12415777 2 2023-02-01 2024-01-31 12415777 4 2023-02-01 2024-01-31 12415777 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12415777









GK PROPERTIES GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
GK PROPERTIES GROUP LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
GK PROPERTIES GROUP LTD
REGISTERED NUMBER: 12415777

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2024
Restated 
31 January 2023
Restated 
31 January 2023
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
744,372
729,161

Current assets
  

Cash at bank and in hand
 5 
51
15,184

  
51
15,184

Creditors: amounts falling due within one year
 6 
(475,761)
(473,546)

Net current liabilities
  
 
 
(475,710)
 
 
(458,362)

Total assets less current liabilities
  
268,662
270,799

  

Net assets
  
268,662
270,799


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
268,562
270,699

Total equity
  
268,662
270,799


Page 1

 
GK PROPERTIES GROUP LTD
REGISTERED NUMBER: 12415777
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
B S Gill
Director

Date: 30 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GK PROPERTIES GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

GK Properties Group Ltd is a private company limited by shares. The Company is incorporated in England & Wales and its registered address is 50 Parkstone Avenue, Hornchurch, Essex, United Kingdom, RM11 3LW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.4

Investment property

Investment property is carried at fair value determined annually. Derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement
Page 3

 
GK PROPERTIES GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
GK PROPERTIES GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
729,161


Additions at cost
15,211



At 31 January 2024
744,372

The 2024 valuations were made by the directors, on an open market value for existing use basis.







5.


Cash and cash equivalents

2024
Restated 
31 January 2023
£
£

Cash at bank and in hand
51
15,184



6.


Creditors: Amounts falling due within one year

2024
Restated 
31 January 2023
£
£

Trade creditors
-
334

Corporation tax
5,463
5,463

Other creditors
456,598
456,149

Accruals and deferred income
13,700
11,600

475,761
473,546


 
Page 5