Registered number
13139436
GIRONA PROPERTY LTD
Filleted Accounts
31 January 2025
GIRONA PROPERTY LTD
Registered number: 13139436
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 295,753 295,753
Current assets
Debtors 4 7,557 25,582
Cash at bank and in hand 27,096 21,908
34,653 47,490
Creditors: amounts falling due within one year 5 (76,655) (96,416)
Net current liabilities (42,002) (48,926)
Total assets less current liabilities 253,751 246,827
Creditors: amounts falling due after more than one year 6 (7,500) (7,500)
Net assets 246,251 239,327
Capital and reserves
Called up share capital 100 100
Profit and loss account 246,151 239,227
Shareholder's funds 246,251 239,327
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shahid Naeem Anwar
Director
Approved by the board on 6 March 2025
GIRONA PROPERTY LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2024 295,753
At 31 January 2025 295,753
Depreciation
At 31 January 2025 -
Net book value
At 31 January 2025 295,753
At 31 January 2024 295,753
4 Debtors 2025 2024
£ £
Trade debtors 7,557 25,582
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 1,785 (4,197)
Other creditors 74,870 100,613
76,655 96,416
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 7,500 7,500
7 Other information
GIRONA PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Parkway 5
300 Princess Road
Manchester
England
M14 7HR
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