Company Registration No. 10862413 (England and Wales)
GLD Properties Investment Limited
Unaudited accounts
for the year ended 31 July 2024
GLD Properties Investment Limited
Unaudited accounts
Contents
GLD Properties Investment Limited
Statement of financial position
as at 31 July 2024
Investments
1,184,999
1,184,999
Cash at bank and in hand
103
1,636
Creditors: amounts falling due within one year
(838,145)
(853,493)
Net current liabilities
(582,198)
(580,282)
Total assets less current liabilities
602,801
604,717
Creditors: amounts falling due after more than one year
(619,198)
(619,198)
Net liabilities
(16,397)
(14,481)
Called up share capital
100
100
Profit and loss account
(16,497)
(14,581)
Shareholders' funds
(16,397)
(14,481)
For the year ending 31 July 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 24 April 2025 and were signed on its behalf by
T H Sarfraz
Director
Company Registration No. 10862413
GLD Properties Investment Limited
Notes to the Accounts
for the year ended 31 July 2024
GLD Properties Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 10862413. The registered office is Apartment 9, 204 Regents Park Road, London, NW1 8AE.
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.
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Investments
Other investments
Valuation at 1 August 2023
1,184,999
Valuation at 31 July 2024
1,184,999
Amounts falling due within one year
Trade debtors
(18,053)
4,072
Other debtors
273,759
267,220
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,702
8,702
Trade creditors
53,936
51,946
Taxes and social security
5,998
5,998
Other creditors
32,725
32,727
Loans from directors
730,184
736,916
GLD Properties Investment Limited
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
619,198
619,198
Interbay Funding Limited has fixed and floating charge on company's investment property.
Together Commercial Finance Limited has a second charge on company's investment property.
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Average number of employees
During the year the average number of employees was 0 (2023: 1).