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REGISTERED NUMBER: 07009490















GIM Property Limited

Abridged Financial Statements for the Year Ended 30th September 2024






GIM Property Limited (Registered number: 07009490)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GIM Property Limited

Company Information
for the year ended 30th September 2024







Directors: G Pettet
T Pettet





Registered office: 1-3 High Street
Great Dunmow
Essex
CM6 1UU





Registered number: 07009490





Accountants: Walters & Company
Certified Practising Accountants
1-3 High Street
Great Dunmow
Essex
CM6 1UU

GIM Property Limited (Registered number: 07009490)

Abridged Balance Sheet
30th September 2024

30/9/24 30/9/23
Notes £    £    £   
Fixed assets
Tangible assets 4 1,400,546 1,400,764

Current assets
Stocks - 8,001
Debtors 3,250 29,651
Cash at bank and in hand 14,393 10,188
17,643 47,840
Creditors
Amounts falling due within one year 1,032,315 973,164
Net current liabilities (1,014,672 ) (925,324 )
Total assets less current liabilities 385,874 475,440

Creditors
Amounts falling due after more than
one year

14,700

65,116
Net assets 371,174 410,324

Capital and reserves
Called up share capital 5 234,000 234,000
Retained earnings 137,174 176,324
Shareholders' funds 371,174 410,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GIM Property Limited (Registered number: 07009490)

Abridged Balance Sheet - continued
30th September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd April 2025 and were signed on its behalf by:





G Pettet - Director


GIM Property Limited (Registered number: 07009490)

Notes to the Financial Statements
for the year ended 30th September 2024

1. Statutory information

GIM Property Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GIM Property Limited (Registered number: 07009490)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st October 2023 1,412,341
Disposals (11,577 )
At 30th September 2024 1,400,764
Depreciation
At 1st October 2023 11,577
Charge for year 218
Eliminated on disposal (11,577 )
At 30th September 2024 218
Net book value
At 30th September 2024 1,400,546
At 30th September 2023 1,400,764

5. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
117,000 Ordinary A £1 117,000 117,000
117,000 Ordinary B £1 117,000 117,000
234,000 234,000