1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 3,383 1,266 592 1,858 1,525 2,117 826,361 826,361 826,361 xbrli:pure xbrli:shares iso4217:GBP 09849928 2024-04-01 2025-03-31 09849928 2025-03-31 09849928 2024-03-31 09849928 2023-04-01 2024-03-31 09849928 2024-03-31 09849928 2023-03-31 09849928 core:FurnitureFittings 2024-04-01 2025-03-31 09849928 bus:Director1 2024-04-01 2025-03-31 09849928 core:FurnitureFittings 2024-03-31 09849928 core:FurnitureFittings 2025-03-31 09849928 core:WithinOneYear 2025-03-31 09849928 core:WithinOneYear 2024-03-31 09849928 core:ShareCapital 2025-03-31 09849928 core:ShareCapital 2024-03-31 09849928 core:RetainedEarningsAccumulatedLosses 2025-03-31 09849928 core:RetainedEarningsAccumulatedLosses 2024-03-31 09849928 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 09849928 core:Non-currentFinancialInstruments 2025-03-31 09849928 core:Non-currentFinancialInstruments 2024-03-31 09849928 core:FurnitureFittings 2024-03-31 09849928 bus:SmallEntities 2024-04-01 2025-03-31 09849928 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09849928 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09849928 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09849928 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 09849928
32A Gurney Drive Development Limited
Filleted Unaudited Financial Statements
31 March 2025
32A Gurney Drive Development Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
1,525
2,117
Investments
6
826,361
826,361
---------
---------
827,886
828,478
Current assets
Debtors
7
500
500
Cash at bank and in hand
29,080
33,772
--------
--------
29,580
34,272
Creditors: amounts falling due within one year
8
877,112
881,292
---------
---------
Net current liabilities
847,532
847,020
---------
---------
Total assets less current liabilities
( 19,646)
( 18,542)
--------
--------
Net liabilities
( 19,646)
( 18,542)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 19,746)
( 18,642)
--------
--------
Shareholders deficit
( 19,646)
( 18,542)
--------
--------
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 income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
32A Gurney Drive Development Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 30 May 2025 , and are signed on behalf of the board by:
Mr J Shine
Director
Company registration number: 09849928
32A Gurney Drive Development Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:
Fixtures and fittings
-
25% reducing balance
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 April 2024 and 31 March 2025
3,383
-------
Depreciation
At 1 April 2024
1,266
Charge for the year
592
-------
At 31 March 2025
1,858
-------
Carrying amount
At 31 March 2025
1,525
-------
At 31 March 2024
2,117
-------
6. Investments
Investment Property
£
Cost
At 1 April 2024 and 31 March 2025
826,361
---------
Impairment
At 1 April 2024 and 31 March 2025
---------
Carrying amount
At 31 March 2025
826,361
---------
At 31 March 2024
826,361
---------
In the opinion of the director at the year end, the current market value of the freehold property, is £826,361.
7. Debtors
2025
2024
£
£
Other debtors
500
500
----
----
8. Creditors: amounts falling due within one year
2025
2024
£
£
Social security and other taxes
400
Other creditors
877,112
880,892
---------
---------
877,112
881,292
---------
---------