1 August 2023 false No description of principal activity Taxfiler 2024.6 10862413business:PrivateLimitedCompanyLtd2023-08-012024-07-31 108624132023-07-31 108624132023-08-012024-07-31 10862413business:AuditExemptWithAccountantsReport2023-08-012024-07-31 10862413business:FilletedAccounts2023-08-012024-07-31 108624132024-07-31 108624132023-07-31 10862413core:WithinOneYear2024-07-31 10862413core:WithinOneYear2023-07-31 10862413core:AfterOneYear2024-07-31 10862413core:AfterOneYear2023-07-31 10862413core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 10862413core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10862413core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 10862413core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10862413core:PreviouslyStatedAmount2024-07-31 10862413core:PreviouslyStatedAmount2023-07-31 10862413business:SmallEntities2023-08-012024-07-31 10862413business:Director12023-08-012024-07-31 10862413countries:EnglandWales2023-08-012024-07-31 10862413business:RegisteredOffice2023-08-012024-07-31 10862413core:AfterOneYear2023-08-012024-07-31 108624132022-08-012023-07-31 iso4217:GBP xbrli:pure
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
Page
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GLD Properties Investment Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
1,184,999 
1,184,999 
Current assets
Debtors
255,844 
271,575 
Cash at bank and in hand
103 
1,636 
255,947 
273,211 
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)
Capital and reserves
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
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GLD Properties Investment Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Other investments 
£ 
Valuation at 1 August 2023
1,184,999 
Valuation at 31 July 2024
1,184,999 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
138 
283 
Trade debtors
(18,053)
4,072 
Other debtors
273,759 
267,220 
255,844 
271,575 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,702 
8,702 
VAT
6,600 
17,204 
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 
838,145 
853,493 
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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.
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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