IRIS Accounts Production v24.3.2.46 09067900 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090679002023-06-30090679002024-06-30090679002023-07-012024-06-30090679002022-07-31090679002022-08-012023-06-30090679002023-06-3009067900ns15:EnglandWales2023-07-012024-06-3009067900ns14:PoundSterling2023-07-012024-06-3009067900ns10:Director12023-07-012024-06-3009067900ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009067900ns10:SmallEntities2023-07-012024-06-3009067900ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3009067900ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009067900ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009067900ns10:FullAccounts2023-07-012024-06-3009067900ns10:Director22023-07-012024-06-3009067900ns10:RegisteredOffice2023-07-012024-06-3009067900ns5:CurrentFinancialInstruments2024-06-3009067900ns5:CurrentFinancialInstruments2023-06-3009067900ns5:ShareCapital2024-06-3009067900ns5:ShareCapital2023-06-3009067900ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-3009067900ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3009067900ns5:RetainedEarningsAccumulatedLosses2024-06-3009067900ns5:RetainedEarningsAccumulatedLosses2023-06-3009067900ns5:FurnitureFittings2023-07-012024-06-3009067900ns5:MotorVehicles2023-07-012024-06-3009067900ns5:ComputerEquipment2023-07-012024-06-3009067900ns5:FurnitureFittings2023-06-3009067900ns5:MotorVehicles2023-06-3009067900ns5:ComputerEquipment2023-06-3009067900ns5:FurnitureFittings2024-06-3009067900ns5:MotorVehicles2024-06-3009067900ns5:ComputerEquipment2024-06-3009067900ns5:FurnitureFittings2023-06-3009067900ns5:MotorVehicles2023-06-3009067900ns5:ComputerEquipment2023-06-3009067900ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009067900ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3009067900ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30
REGISTERED NUMBER: 09067900 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Giles Properties Limited

Giles Properties Limited (Registered number: 09067900)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Giles Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J E Giles
Mrs E C Giles





REGISTERED OFFICE: Unit 8a Meadows Works
Court Street
Trowbridge
Wiltshire
BA14 8BR





REGISTERED NUMBER: 09067900 (England and Wales)

Giles Properties Limited (Registered number: 09067900)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,188 32,925
Investment property 5 1,305,000 1,305,000
1,330,188 1,337,925

CURRENT ASSETS
Debtors 6 13,745 13,043
Cash at bank and in hand 280,119 284,346
293,864 297,389
CREDITORS
Amounts falling due within one year 7 71,357 54,473
NET CURRENT ASSETS 222,507 242,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,552,695

1,580,841

PROVISIONS FOR LIABILITIES 59,118 59,077
NET ASSETS 1,493,577 1,521,764

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 225,186 225,186
Retained earnings 1,268,291 1,296,478
1,493,577 1,521,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





J E Giles - Director


Giles Properties Limited (Registered number: 09067900)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Giles Properties Limited (Registered number: 09067900)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 July 2023 929 39,410 7,579 47,918
Additions - - 291 291
At 30 June 2024 929 39,410 7,870 48,209
DEPRECIATION
At 1 July 2023 846 9,031 5,116 14,993
Charge for year 20 7,595 413 8,028
At 30 June 2024 866 16,626 5,529 23,021
NET BOOK VALUE
At 30 June 2024 63 22,784 2,341 25,188
At 30 June 2023 83 30,379 2,463 32,925

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,305,000
NET BOOK VALUE
At 30 June 2024 1,305,000
At 30 June 2023 1,305,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 429 206
Prepayments and accrued income 13,316 12,837
13,745 13,043

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 227 907
Tax 25,638 15,280
Social security and other taxes (502 ) 667
VAT 2,426 6,838
Other creditors 40,848 27,411
Accrued expenses 2,720 3,370
71,357 54,473

8. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 225,186

Giles Properties Limited (Registered number: 09067900)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is J E Giles.