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REGISTERED NUMBER: 08181502 (England and Wales)














Unaudited Financial Statements

for the Period 31 August 2021 to 31 August 2022

for

GSB Property Developments Ltd

GSB Property Developments Ltd (Registered number: 08181502)






Contents of the Financial Statements
for the Period 31 August 2021 to 31 August 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

GSB Property Developments Ltd

Company Information
for the Period 31 August 2021 to 31 August 2022







DIRECTOR: G S Blundell





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 08181502 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

GSB Property Developments Ltd (Registered number: 08181502)

Abridged Balance Sheet
31 August 2022

31.8.22 30.8.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 300,000 300,000

CURRENT ASSETS
Debtors 79,400 79,400
Cash at bank 216 216
79,616 79,616
CREDITORS
Amounts falling due within one year 47,387 47,387
NET CURRENT ASSETS 32,229 32,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,229

332,229

CREDITORS
Amounts falling due after more than one year 5 (186,353 ) (186,353 )

PROVISIONS FOR LIABILITIES (12,849 ) (12,849 )
NET ASSETS 133,027 133,027

CAPITAL AND RESERVES
Called up share capital 1 1
Non-Dist Retained Earnings 6 54,779 54,779
Retained earnings 6 78,247 78,247
SHAREHOLDERS' FUNDS 133,027 133,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GSB Property Developments Ltd (Registered number: 08181502)

Abridged Balance Sheet - continued
31 August 2022


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 Income Statement and an abridged Balance Sheet for the period ended 31 August 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:





G S Blundell - Director


GSB Property Developments Ltd (Registered number: 08181502)

Notes to the Financial Statements
for the Period 31 August 2021 to 31 August 2022

1. STATUTORY INFORMATION

GSB Property Developments Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 August 2021
and 31 August 2022 300,000
NET BOOK VALUE
At 31 August 2022 300,000
At 30 August 2021 300,000

GSB Property Developments Ltd (Registered number: 08181502)

Notes to the Financial Statements - continued
for the Period 31 August 2021 to 31 August 2022

4. INVESTMENT PROPERTY - continued

Fair value at 31 August 2022 is represented by:
£   
Valuation in 2017 54,628
Valuation in 2018 3,000
Valuation in 2019 10,000
67,628

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 300,000
300,000

CLIENT SCREEN TOTAL = -


If investment property had not been revalued they would have been included at the following historical cost:

31.8.22 30.8.21
£    £   
Cost 232,372 232,372

Investment properties were valued on an open market basis on 31 August 2018 by the directors. .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.8.22 30.8.21
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 75,036 75,036

6. RESERVES
Non-Dist
Retained Retained
earnings Earnings Totals
£    £    £   

At 31 August 2021 78,247 54,779 133,026
Profit for the period - -
At 31 August 2022 78,247 54,779 133,026

The non-distributable reserve represents the element of the profit and loss account retained earnings that are non-distributable.

GSB Property Developments Ltd

Report of the Accountants to the Director of
GSB Property Developments Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 August 2022 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW


Date: .............................................