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REGISTERED NUMBER: SC739446 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

GH1 Properties Ltd

GH1 Properties Ltd (Registered number: SC739446)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GH1 Properties Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P J Gillan
J Hempstead





REGISTERED OFFICE: Pavilion 2 Finnieston Business Park
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC739446 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

GH1 Properties Ltd (Registered number: SC739446)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 238,785 156,029

CURRENT ASSETS
Cash at bank 27,038 5,656

CREDITORS
Amounts falling due within one year 4 82,819 49,247
NET CURRENT LIABILITIES (55,781 ) (43,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,004

112,438

CREDITORS
Amounts falling due after more than one
year

5

174,937

109,445
NET ASSETS 8,067 2,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,967 2,893
SHAREHOLDERS' FUNDS 8,067 2,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GH1 Properties Ltd (Registered number: SC739446)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:




P J Gillan - Director



J Hempstead - Director


GH1 Properties Ltd (Registered number: SC739446)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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 year 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 156,029
Additions 82,756
At 31 July 2024 238,785
NET BOOK VALUE
At 31 July 2024 238,785
At 31 July 2023 156,029

The 2023 valuatIons were made by the director, on an open market value for existing use basis.

GH1 Properties Ltd (Registered number: SC739446)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 1,191 679
Other creditors 81,628 48,568
82,819 49,247

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other creditors 174,937 109,445

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 174,937 109,445

6. SECURED DEBTS

The Mortgage Works holds a fixed charge over the assets of the company