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REGISTERED NUMBER: SC759734 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 FEBRUARY 2023 TO 31 MARCH 2024

FOR

GIBSON SOLUTIONS PROPERTIES LIMITED

GIBSON SOLUTIONS PROPERTIES LIMITED (REGISTERED NUMBER: SC759734)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 FEBRUARY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIBSON SOLUTIONS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 21 FEBRUARY 2023 TO 31 MARCH 2024







DIRECTOR: Craig Gibson





REGISTERED OFFICE: W J A Accounting Services Ltd
Office 6,
8 - 10 Glasgow Road
Kirkintillock
Glasgow
G66 1SH





REGISTERED NUMBER: SC759734 (Scotland)





ACCOUNTANTS: Stewart Gilmour & Co.
3rd Floor
St George's Buildings
5 St Vincent Place
Glasgow
G1 2DH

GIBSON SOLUTIONS PROPERTIES LIMITED (REGISTERED NUMBER: SC759734)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investment property 4 98,695

CURRENT ASSETS
Debtors 5 339
Cash at bank 412
751
CREDITORS
Amounts falling due within one year 6 57,623
NET CURRENT LIABILITIES (56,872 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,823

CREDITORS
Amounts falling due after more than one
year

7

52,564
NET LIABILITIES (10,741 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (10,841 )
SHAREHOLDERS' FUNDS (10,741 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

GIBSON SOLUTIONS PROPERTIES LIMITED (REGISTERED NUMBER: SC759734)

BALANCE SHEET - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





Craig Gibson - Director


GIBSON SOLUTIONS PROPERTIES LIMITED (REGISTERED NUMBER: SC759734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 FEBRUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Gibson Solutions Properties Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
In accordance with FRS 102, investment properties are revalued annually at fair value. Changes to fair value are reflected in the profit and loss account No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principles set out in FRS 102. The director considers that, because these properties are not held for their consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to apply FRS 102 in order to give a true and fair view.

If this departure from the Act had not been made, the reported net profit for the financial year would have been decreased by additional depreciation charges of £1,974.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

GIBSON SOLUTIONS PROPERTIES LIMITED (REGISTERED NUMBER: SC759734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 FEBRUARY 2023 TO 31 MARCH 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 98,695
At 31 March 2024 98,695
NET BOOK VALUE
At 31 March 2024 98,695

Fair value at 31 March 2024 is represented by:
£   
Cost 98,695

If the investment property had not been revalued it would have been included at the following historical cost:

£   
Cost 98,695
Aggregate depreciation (1,974 )

Investment property was valued on an open market basis on 31 March 2024 by director Craig Gibson .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 57,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 52,564

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.