Gaia_Re_Developers_Limited_31_Jan_2020_companies_house_set_of_accounts.html

Gaia_Re_Developers_Limited_31_Jan_2020_companies_house_set_of_accounts.html

GAIA RE DEVELOPERS LIMITED - Company Information

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1 February 2019 4.5.3 limited_company_frs_102_section_1a_v1_0_4 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP109383452019-02-012020-01-31109383452020-01-31109383452019-01-3110938345core:WithinOneYear2020-01-3110938345core:WithinOneYear2019-01-3110938345core:ShareCapital2020-01-3110938345core:ShareCapital2019-01-3110938345core:SharePremium2020-01-3110938345core:SharePremium2019-01-3110938345core:RetainedEarningsAccumulatedLosses2020-01-3110938345core:RetainedEarningsAccumulatedLosses2019-01-3110938345bus:Director12019-02-012020-01-3110938345bus:Director22019-02-012020-01-3110938345bus:RegisteredOffice2019-02-012020-01-31109383452017-08-302019-01-3110938345core:IntangibleAssetsOtherThanGoodwill2019-02-0110938345core:IntangibleAssetsOtherThanGoodwill2019-02-012020-01-3110938345core:IntangibleAssetsOtherThanGoodwill2020-01-3110938345core:IntangibleAssetsOtherThanGoodwill2019-01-3110938345core:CostValuation2019-02-0110938345core:CostValuation2020-01-311093834512019-02-012020-01-3110938345countries:EnglandWales2019-02-012020-01-3110938345bus:AuditExemptWithAccountantsReport2019-02-012020-01-3110938345bus:PrivateLimitedCompanyLtd2019-02-012020-01-3110938345bus:SmallEntities2019-02-012020-01-3110938345bus:FullAccounts2019-02-012020-01-31
Company registration number:
10938345
Gaia Re Developers Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2020
Gaia Re Developers Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Gaia Re Developers Limited
Year ended
31 January 2020
As described on the statement of financial position, the Board of Directors of
Gaia Re Developers Limited
are responsible for the preparation of the
financial statements
for the year ended
31 January 2020
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Staples Accounting Services Limited
Third Floor
55 Blandford Street
LONDON
W1U 8HW
United Kingdom
Gaia Re Developers Limited
Statement of Financial Position
31 January 2020
20202019
Note££
Fixed assets    
Intangible assets 5
476,703
 
298,496
 
Investments 6
2,668
 
2,668
 
479,371
 
301,164
 
Current assets    
Debtors 7
12,905
 
5,236
 
Cash at bank and in hand
3,164
 
9,676
 
16,069
 
14,912
 
Creditors: amounts falling due within one year 8
(348,025
 )
(262,942
 )
Net current liabilities
(331,956
 )
(248,030
 )
Total assets less current liabilities 147,415   53,134  
Capital and reserves    
Called up share capital
123
 
115
 
Share premium
967,134
 
676,936
 
Profit and loss account
(819,842
 )
(623,917
 )
Shareholders funds
147,415
 
53,134
 
For the year ending
31 January 2020
, 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
31 March 2020
, and are signed on behalf of the board by:
Michael Richard Carter
Douglas Stewart Eadie
DirectorDirector
Company registration number:
10938345
Gaia Re Developers Limited
Notes to the Financial Statements
Year ended
31 January 2020

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Third Floor
,
55 Blandford Street
,
London
,
W1U 8HW
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2019:
1
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 February 2019
298,496
 
Additions
178,207
 
At
31 January 2020
476,703
 
Amortisation  
At
1 February 2019
and
31 January 2020
 -  
Carrying amount  
At
31 January 2020
476,703
 
At 31 January 2019
298,496
 

6 Investments

Other investments other than loans
£
Cost  
At
1 February 2019
2,668
 
At
31 January 2020
2,668
 
Impairment  
At
1 February 2019
and
31 January 2020
 -  
Carrying amount  
At
31 January 2020
2,668
 
At 31 January 2019
2,668
 

7 Debtors

20202019
££
Other debtors
12,905
 
5,236
 

8 Creditors: amounts falling due within one year

20202019
££
Trade creditors
14,180
 
3,480
 
Taxation and social security -  
1,931
 
Other creditors
333,845
 
257,531
 
348,025
 
262,942