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Registered number: 15114462
G & A Properties Puxton Limited
Financial Statements
For the Period 5 September 2023 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15114462
30 September 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 261,743
261,743
CURRENT ASSETS
Debtors 5 623
Cash at bank and in hand 9,585
10,208
Creditors: Amounts Falling Due Within One Year 6 (155,218 )
NET CURRENT ASSETS (LIABILITIES) (145,010 )
TOTAL ASSETS LESS CURRENT LIABILITIES 116,733
Creditors: Amounts Falling Due After More Than One Year 7 (107,092 )
NET ASSETS 9,641
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 9,541
SHAREHOLDERS' FUNDS 9,641
Page 1
Page 2
For the period ending 30 September 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 director acknowledges her 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
Mrs Joanne Frappell
Director
4 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G & A Properties Puxton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15114462 . The registered office is Myrtle Farm Puxton, Hewish, Weston-Super-Mare, Avon, BS24 6TE.
The presentation currency of the financial statements is the Pound Sterling (£)
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 represents the revenue generated from the sale of services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.3. Investment Properties
Investment properties are included in the Balance sheet at their fair value in accordance with the Financial Reporting Standard 102 and are not depreciated.
The fair value of the investment properties are considered annually by the director in the light of known movements and trends in the property market and taking account of the directors' knowledge and experience of the market place for such properties.
Any aggregate surplus or deficit arising on revaluation is recognised in the profit and loss account and allocated to a fair value reserve.
2.4. Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
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 that have been enacted or substantively enacted by the balance sheet date.
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.
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2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 1
1
4. Investment Property
30 September 2024
£
Fair Value
As at 5 September 2023 -
Additions 261,743
As at 30 September 2024 261,743
5. Debtors
30 September 2024
£
Due within one year
Amounts owed by group undertakings 623
6. Creditors: Amounts Falling Due Within One Year
30 September 2024
£
Bank loans and overdrafts 3,968
Amounts owed to group undertakings 146,402
Other creditors 2,610
Taxation and social security 2,238
155,218
7. Creditors: Amounts Falling Due After More Than One Year
30 September 2024
£
Bank loans 107,092
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8. Secured Creditors
The following secured debts are included within creditors:
30 September 2024
£
Bank loans and overdrafts 111,059
9. Share Capital
30 September 2024
£
Allotted, Called up and fully paid 100
10. Related Party Transactions
Mrs J Frappell, director, is a director and shareholder of Puxton Developments Limited. The company maintained a loan account with Puxton Developments Limited throughout the period. As at 30 September 2024 a balance of £623 was owed to the company. The loan is unsecured, interest free and repayable on demand.
Miss A Frappell, shareholder, and the company maintained a loan account throughout the period. As at 30 September 2024 a balance of £73,201 was owed by the company. The loan is unsecured, interest free and repayable on demand.
Mr G Frappell, shareholder, and the company maintained a loan account throughout the period. As at 30 September 2024 a balance of £73,201 was owed by the company. The loan is unsecured, interest free and repayable on demand.
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