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Company registration number: 14145766
Godstone Apartments Ltd
Unaudited filleted financial statements
30 June 2024
Godstone Apartments Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Godstone Apartments Ltd
Directors and other information
Directors Mr Ruslan Aliyev
Company number 14145766
Registered office 176 Devonshire Road
London
W4 2AW
Accountant Reza Samii
19 Cornerways
1 Daylesford Avenue
London
SW15 5QP
Godstone Apartments Ltd
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Godstone Apartments Ltd
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Godstone Apartments Ltd for the year ended 30 June 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
My work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Reza Samii
Chartered Accountant
19 Cornerways
1 Daylesford Avenue
London
SW15 5QP
28 March 2025
Godstone Apartments Ltd
Statement of financial position
30 June 2024
30/06/24 30/06/23
Note £ £ £ £
Fixed assets
Tangible assets 5 3,680,270 3,680,270
_______ _______
3,680,270 3,680,270
Creditors: amounts falling due
within one year 6 ( 3,697,473) ( 3,682,621)
_______ _______
Net current liabilities ( 3,697,473) ( 3,682,621)
_______ _______
Total assets less current liabilities ( 17,203) ( 2,351)
_______ _______
Net liabilities ( 17,203) ( 2,351)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 17,303) ( 2,451)
_______ _______
Shareholders deficit ( 17,203) ( 2,351)
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mr Ruslan Aliyev
Director
Company registration number: 14145766
Godstone Apartments Ltd
Statement of changes in equity
Year ended 30 June 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 July 2022 - - -
Loss for the year ( 2,451) ( 2,451)
_______ _______ _______
Total comprehensive income for the year - ( 2,451) ( 2,451)
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 30 June 2023 and 1 July 2023 100 ( 2,451) ( 2,351)
Loss for the year ( 14,852) ( 14,852)
_______ _______ _______
Total comprehensive income for the year - ( 14,852) ( 14,852)
_______ _______ _______
At 30 June 2024 100 ( 17,303) ( 17,203)
_______ _______ _______
Godstone Apartments Ltd
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in UK. The address of the registered office is Godstone Apartments Ltd, 176 Devonshire Road, London, W4 2AW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Investment Properties - No depreciation has been provided
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Investment Properties Total
£ £
Cost
At 1 July 2023 and 30 June 2024 3,680,270 3,680,270
_______ _______
Depreciation
At 1 July 2023 and 30 June 2024 - -
_______ _______
Carrying amount
At 30 June 2024 3,680,270 3,680,270
_______ _______
At 30 June 2023 3,680,270 3,680,270
_______ _______
6. Creditors: amounts falling due within one year
30/06/24 30/06/23
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,696,513 3,681,661
Other creditors 960 960
_______ _______
3,697,473 3,682,621
_______ _______
7. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
Year Period Year Period
ended ended ended ended
30/06/24 30/06/23 30/06/24 30/06/23
£ £ £ £
Britannia Construction Standard Ltd 13,892 - ( 3,695,553) ( 3,681,661)
RNF International Ltd 960 - (960) -
_______ _______ _______ _______
RNF International Ltd (Company Registration No: 06212379), is a company registered in the UK, owned and controlled by Mr Ruslan Aliyev , the director and his wife. During the year the compnany provided an interest free and unsecured advance which is repayable on demand.
8. Controlling party
The immediate parent undertaking and controlling party (100%) is Britannia Construction Standard Ltd, a company registered in the UK with registered address at: 12A Deer Park Road, South Wimbledon, London, SW19 3TL.Classified as a small group, advantage has been taken to dispense with consolidated accounts.The ultimate controlling parties are Mr Aliyev and Mrs Nepomnyashchikh (Mrs Aliyev) through their 100% shareholdings in the holding company.
9. Financial position
The accounts have been prepared on going concern basis as the company's directors and shareholders, have undertaken until sufficient income is generated by the company, to continue with their financial support to enable the company to operate as a going concern.