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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
Page
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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
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Gills UK Investment Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(16,447)
(7,650)
Investment property
830,789 
830,789 
814,342 
823,139 
Current assets
Debtors
103,700 
103,700 
Cash at bank and in hand
48,475 
33,961 
152,175 
137,661 
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 
Capital and reserves
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
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Gills UK Investment Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
38,532 
Additions
1,114 
At 31 May 2024
39,646 
Depreciation
At 1 June 2023
46,182 
Charge for the year
9,911 
At 31 May 2024
56,093 
Net book value
At 31 May 2024
(16,447)
At 31 May 2023
(7,650)
5
Investment property
2024 
£ 
Fair value at 1 June 2023
830,789 
At 31 May 2024
830,789 
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Gills UK Investment Limited Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,700 
3,700 
Amounts falling due after more than one year
100,000 
100,000 
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 
109,643 
74,812 
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 
£ 
£ 
Bank loans
13,708 
280,403 
Other creditors
198,000 
- 
Loans from directors
500,000 
500,000 
711,708 
780,403 
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).
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