Registered number
08603760
Gocerili Brothers Limited
Unaudited Filleted Accounts
31 July 2024
Gocerili Brothers Limited
Registered number: 08603760
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 986,343 925,387
Current assets
Debtors 4 113,991 82,000
Cash at bank and in hand 14,770 14,568
128,761 96,568
Creditors: amounts falling due within one year 5 (713,808) (742,858)
Net current liabilities (585,047) (646,290)
Net assets 401,296 279,097
Capital and reserves
Called up share capital 100 100
Profit and loss account 401,196 278,997
Shareholders' funds 401,296 279,097
The directors are 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 directors acknowledge their 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.
Mr H Gocerili
Director
Approved by the board on 17 April 2025
Gocerili Brothers Limited
Notes to the Accounts
for the year ended 31 July 2024
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 rents received or receivable, net of discounts and vat.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Investment properties are measured at fair value. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 986,343
At 31 July 2024 986,343
Depreciation
At 1 August 2023 60,956
Write back of depreciation (60,956)
At 31 July 2024 -
Net book value
At 31 July 2024 986,343
At 31 July 2023 925,387
4 Debtors 2024 2023
£ £
Trade debtors 12,591 12,000
Other debtors 101,400 70,000
113,991 82,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,739 3,739
Taxation and social security costs 16,978 36,128
Other creditors 693,091 702,991
713,808 742,858
6 Other information
Gocerili Brothers Limited is a private company limited by shares and incorporated in England. Its registered office is:
136 Coleshill Road
Water Orton
Birmingham
B46 1QE
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