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Registration number: 09558271

GYR Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 26 April 2024

 

GYR Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

GYR Investments Limited

Company Information

Director

Mr M J Taylor

Registered office

4 Maple Way
Aycliffe Business Park
Newton Aycliffe
DL5 6BF

 

GYR Investments Limited

(Registration number: 09558271)
Balance Sheet as at 26 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

42,569

57,210

Other financial assets

5

48,860

31,397

 

91,429

88,607

Current assets

 

Debtors

6

580,712

714,779

Cash at bank and in hand

 

314,731

140,237

 

895,443

855,016

Creditors: Amounts falling due within one year

7

(258,517)

(233,069)

Net current assets

 

636,926

621,947

Total assets less current liabilities

 

728,355

710,554

Creditors: Amounts falling due after more than one year

7

(33,898)

(52,029)

Provisions for liabilities

(8,726)

(8,726)

Net assets

 

685,731

649,799

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

685,730

649,798

Shareholders' funds

 

685,731

649,799

For the financial year ending 26 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 March 2025
 

 

GYR Investments Limited

(Registration number: 09558271)
Balance Sheet as at 26 April 2024

.........................................
Mr M J Taylor
Director

 

GYR Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Maple Way
Aycliffe Business Park
Newton Aycliffe
DL5 6BF
England

These financial statements were authorised for issue by the director on 24 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

GYR Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

GYR Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

GYR Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 27 April 2023

47,872

68,202

116,074

Additions

3,746

-

3,746

At 26 April 2024

51,618

68,202

119,820

Depreciation

At 27 April 2023

34,084

24,780

58,864

Charge for the year

4,747

13,640

18,387

At 26 April 2024

38,831

38,420

77,251

Carrying amount

At 26 April 2024

12,787

29,782

42,569

At 26 April 2023

13,788

43,422

57,210

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 27 April 2023

31,397

31,397

Additions

17,463

17,463

At 26 April 2024

48,860

48,860

Impairment

Carrying amount

At 26 April 2024

48,860

48,860

6

Debtors

 

GYR Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 April 2024

Current

Note

2024
£

2023
£

Trade debtors

 

4,488

728

Amounts owed by related parties

10

158,016

345,498

Prepayments

 

320

-

Other debtors

 

417,888

368,553

   

580,712

714,779

 

GYR Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,000

10,000

Taxation and social security

 

84,376

153,365

Accruals and deferred income

 

11,064

18,587

Other creditors

 

153,077

51,117

 

258,517

233,069

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

33,898

52,029

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

33,898

52,029

Current loans and borrowings

2024
£

2023
£

Other borrowings

10,000

10,000

10

Related party transactions

Loans to related parties

 

GYR Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 April 2024

2024

Entities with joint control or significant influence
£

Associates
£

Total
£

At start of period

122,988

212,537

335,525

Advanced

11,809

-

11,809

Repaid

-

(189,317)

(189,317)

At end of period

134,797

23,220

158,017

2023

Entities with joint control or significant influence
£

Associates
£

Total
£

At start of period

87,907

186,690

274,597

Advanced

35,081

25,847

60,928

At end of period

122,988

212,537

335,525

Loans from related parties

2024

Entities with joint control or significant influence
£

Associates
£

Total
£

At start of period

51,117

-

51,117

Advanced

-

127,197

127,197

Repaid

(25,238)

-

(25,238)

At end of period

25,879

127,197

153,076

2023

Entities with joint control or significant influence
£

Total
£

At start of period

127,208

127,208

Repaid

(76,091)

(76,091)

At end of period

51,117

51,117