Registered number
13452316
Girik Estates Ltd
Filleted Accounts
30 June 2024
Girik Estates Ltd
Registered number: 13452316
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,808,000 1,808,000
Current assets
Debtors 5 56,000 31,000
Cash at bank and in hand 9,541 25,438
65,541 56,438
Creditors: amounts falling due within one year 6 (457,155) (498,930)
Net current liabilities (391,614) (442,492)
Total assets less current liabilities 1,416,386 1,365,508
Creditors: amounts falling due after more than one year 7 (1,447,462) (1,403,962)
Net liabilities (31,076) (38,454)
Capital and reserves
Profit and loss account (31,076) (38,454)
Shareholders' funds (31,076) (38,454)
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 members have 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.
Sandeep Sahoo
Director
Approved by the board on 17 March 2025
Girik Estates Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 General information
Girik Estates Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
9 School Close
High Wycombe
Buckinghamshire
HP11 1PH
2 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.
Investment properties
Investment properties are initially valued at purchase cost, plus any directly attributable expenditure and recognised within tangible fixed assets. They are revalued to their fair value from time to time. Movement in the fair value is written to the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
4 Tangible fixed assets
Investment properties
£
Cost
At 1 July 2023 1,808,000
At 30 June 2024 1,808,000
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 1,808,000
At 30 June 2023 1,808,000
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 56,000 31,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Directors' loans 457,155 498,930
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,353,462 1,353,462
Amounts owed to group undertakings and undertakings in which the company has a participating interest 94,000 50,500
1,447,462 1,403,962
8 Related party transactions
Owner and director Sandeep Sahoo has loaned £457,155 (2023: £498,930) to the company. No interest is paid on this loan.
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