Gcap 44 Limited - Accounts to registrar (filleted) - small 18.2

Gcap 44 Limited - Accounts to registrar (filleted) - small 18.2

GCAP 44 LIMITED - Company Information

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REGISTERED NUMBER: 10567613 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020

FOR

GCAP 44 LIMITED
GCAP 44 LIMITED (REGISTERED NUMBER: 10567613)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GCAP 44 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2020







DIRECTORS: Mrs G C Esterkin
D S Esterkin





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 10567613 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
Page 1
GCAP 44 LIMITED (REGISTERED NUMBER: 10567613)

BALANCE SHEET
31 JANUARY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,497 -
Investment property 5 618,990 -
716,487 -

CURRENT ASSETS
Debtors 6 (4,300 ) 70,100
Cash at bank 98,139 634,118
93,839 704,218
CREDITORS
Amounts falling due within one year 7 310,171 240,153
NET CURRENT (LIABILITIES)/ASSETS (216,332 ) 464,065
TOTAL ASSETS LESS CURRENT
LIABILITIES
500,155
464,065

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 500,055 463,965
500,155 464,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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.

The 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2020 and were
signed on its behalf by:





D S Esterkin - Director


The notes form part of these financial statements

Page 2
GCAP 44 LIMITED (REGISTERED NUMBER: 10567613)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020


1. STATUTORY INFORMATION

Gcap 44 Limited 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.

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 etc - 15% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Profit and loss account,
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 3 continued...
GCAP 44 LIMITED (REGISTERED NUMBER: 10567613)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 114,703
At 31 January 2020 114,703
DEPRECIATION
Charge for year 17,206
At 31 January 2020 17,206
NET BOOK VALUE
At 31 January 2020 97,497

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 618,990
At 31 January 2020 618,990
NET BOOK VALUE
At 31 January 2020 618,990

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors (4,300 ) 70,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 299,221 239,200
Taxation and social security 9,640 -
Other creditors 1,310 953
310,171 240,153

Page 4