Company Registration No. 10185350 (England and Wales)
Gills UK Investment Limited
Unaudited accounts
for the year ended 31 May 2024
Gills UK Investment Limited
Unaudited accounts
Contents
Gills UK Investment Limited
Company Information
for the year ended 31 May 2024
Directors
Palwinder Singh Gill
Sharonjit Kaur Gill
Gurmit Singh
Company Number
10185350 (England and Wales)
Registered Office
Park Cottage
Love Hill Lane, Langley
SLOUGH
SL3 6DE
United Kingdom
Accountants
CCA Accountants Limited
14 Mulberry Drive
Slough
SL3 7JU
Gills UK Investment Limited
Statement of financial position
as at 31 May 2024
Tangible assets
(16,447)
(7,650)
Investment property
830,789
830,789
Cash at bank and in hand
48,475
33,961
Creditors: amounts falling due within one year
(109,643)
(74,812)
Net current assets
42,532
62,849
Total assets less current liabilities
856,874
885,988
Creditors: amounts falling due after more than one year
(711,708)
(780,403)
Net assets
145,166
105,585
Called up share capital
100
100
Profit and loss account
145,066
105,485
Shareholders' funds
145,166
105,585
For the year ending 31 May 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 25 February 2025 and were signed on its behalf by
Palwinder Singh Gill
Director
Company Registration No. 10185350
Gills UK Investment Limited
Notes to the Accounts
for the year ended 31 May 2024
Gills UK Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 10185350. The registered office is Park Cottage, Love Hill Lane, Langley, SLOUGH, SL3 6DE, United Kingdom.
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.
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.
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:
Land & buildings
25% on new construction costs added
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2023
830,789
Gills UK Investment Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,684
25,076
Taxes and social security
12,340
8,978
Loans from directors
91,619
40,758
1. No security for the total Bounce Back Loan outstanding £19,392 (due within 1 year at £5,801).
2. Also, No security for the Directors Loans £91,619.
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
500,000
500,000
Aggregate of amounts that fall due for payment after five years
-
478,485
No security for the total Bounce Back Loan of £19,392 (£13,708 repayable after one year).
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).