Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11093224 Mr George Christoforou Ms Gendia Koulle the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11093224 2023-12-31 11093224 2024-12-31 11093224 2024-01-01 2024-12-31 11093224 frs-core:CurrentFinancialInstruments 2024-12-31 11093224 frs-core:Non-currentFinancialInstruments 2024-12-31 11093224 frs-core:ShareCapital 2024-12-31 11093224 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11093224 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11093224 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11093224 frs-bus:SmallEntities 2024-01-01 2024-12-31 11093224 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11093224 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11093224 1 2024-01-01 2024-12-31 11093224 frs-bus:Director1 2024-01-01 2024-12-31 11093224 frs-bus:Director2 2024-01-01 2024-12-31 11093224 frs-countries:EnglandWales 2024-01-01 2024-12-31 11093224 2022-12-31 11093224 2023-12-31 11093224 2023-01-01 2023-12-31 11093224 frs-core:CurrentFinancialInstruments 2023-12-31 11093224 frs-core:Non-currentFinancialInstruments 2023-12-31 11093224 frs-core:ShareCapital 2023-12-31 11093224 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11093224
GTC Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11093224
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 583,635 583,635
583,635 583,635
CURRENT ASSETS
Cash at bank and in hand 9,044 5,816
9,044 5,816
Creditors: Amounts Falling Due Within One Year 5 (310,107 ) (299,116 )
NET CURRENT ASSETS (LIABILITIES) (301,063 ) (293,300 )
TOTAL ASSETS LESS CURRENT LIABILITIES 282,572 290,335
Creditors: Amounts Falling Due After More Than One Year 6 (463,531 ) (463,531 )
NET LIABILITIES (180,959 ) (173,196 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (180,969 ) (173,206 )
SHAREHOLDERS' FUNDS (180,959) (173,196)
Page 1
Page 2
For the year ending 31 December 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.
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
Mr George Christoforou
Director
27/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GTC Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11093224 . The registered office is Coach House, Bellevue Road, London, N11 3NY.
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 that of rents receivable .
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 583,635
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 450 (656 )
Accruals and deferred income 1,656 1,656
Directors' loan accounts 308,001 298,116
310,107 299,116
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 463,531 463,531
463,531 463,531
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 463,531 463,531
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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9. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
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