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Registered number: 13482290
Gilchrist Real Estate Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Collins & Collins Ltd
Honeycombe House
167-169 High Road
Loughton
Essex
IG10 4LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13482290
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 175,050 175,688
175,050 175,688
CURRENT ASSETS
Debtors 5 814 -
Cash at bank and in hand 3,780 2,867
4,594 2,867
Creditors: Amounts Falling Due Within One Year 6 (106,738 ) (105,808 )
NET CURRENT ASSETS (LIABILITIES) (102,144 ) (102,941 )
TOTAL ASSETS LESS CURRENT LIABILITIES 72,906 72,747
Creditors: Amounts Falling Due After More Than One Year 7 (71,970 ) (71,970 )
NET ASSETS 936 777
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 836 677
SHAREHOLDERS' FUNDS 936 777
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Telma Gilchrist
Director
23/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Gilchrist Real Estate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13482290 . The registered office is Honeycombe House, 167-169 High Road, Loughton, Essex, IG10 4LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold no depreciation provided
Fixtures & Fittings 15% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 171,438 5,000 176,438
As at 30 June 2024 171,438 5,000 176,438
Depreciation
As at 1 July 2023 - 750 750
Provided during the period - 638 638
As at 30 June 2024 - 1,388 1,388
Net Book Value
As at 30 June 2024 171,438 3,612 175,050
As at 1 July 2023 171,438 4,250 175,688
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 814 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 900 -
Other creditors 34,000 34,000
Accruals and deferred income 510 480
Director's loan account 71,328 71,328
106,738 105,808
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage 71,970 71,970
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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