Company Registration No. 12859524 (England and Wales)
Gambah Properties Limited
Unaudited accounts
for the year ended 30 September 2024
Gambah Properties Limited
Unaudited accounts
Contents
Gambah Properties Limited
Company Information
for the year ended 30 September 2024
Company Number
12859524 (England and Wales)
Registered Office
87 Windsor Road
London
London
N7 6JH
England
Accountants
Cavill & Cruikshank Limited
7 Henderson Close
Hastings
East Sussex
TN34 2DU
Gambah Properties Limited
Statement of financial position
as at 30 September 2024
Investment property
875,000
819,121
Cash at bank and in hand
2,392
1,830
Creditors: amounts falling due within one year
(864,593)
(866,542)
Net current liabilities
(862,201)
(864,712)
Total assets less current liabilities
12,909
(45,445)
Provisions for liabilities
Other provisions
(10,617)
-
Net assets/(liabilities)
2,252
(45,485)
Called up share capital
100
100
Fair value reserve
45,262
-
Profit and loss account
(43,110)
(45,585)
Shareholders' funds
2,252
(45,485)
For the year 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 his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 April 2025 and were signed on its behalf by
Gary Chapman
Director
Company Registration No. 12859524
Gambah Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
Gambah Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12859524. The registered office is 87 Windsor Road, London, London, N7 6JH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 October 2023
819,121
Net gain from fair value adjustments
55,879
At 30 September 2024
875,000
Gambah Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
533,837
533,837
Loans from directors
329,236
330,265
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).