GAYDEANNE_INVESTMENTS_LIM - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 25 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Gaydeanne Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 37 Springfield Road, London, NW8 0QJ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover is recognised at the fair value of the consideration received or receivable for rental income in respect of the investment properties, property development.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

The tax expense represents the sum of the tax currently payable and deferred tax.

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

The average monthly number of persons (including directors) employed by the company during the year was:

The fair value of the investment properties have been arrived at on the basis of valuations carried out by the directors of the company who hold recognised and relevant professional qualifications and have recent experience in the locations and classes of the investment properties being valued. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties and the directors consider that the carrying amounts of the investment properties approximates to their fair value.

The directors consider that the carrying amount of creditors approximates to their fair value.

The long-term loans are secured by a debenture and fixed charges over the investment properties at 36 St James Street, London, E17, 147 and 450 Green Lanes, London, N13, 2 Stoke Newington Road, London, N16 and 8 North Pole Road, London, W10.

The deferred tax liability provision is an estimate of future tax payable on sale of all investment properties held by the company based on current estimated market value.

At the year end an amount of £249,457 (2021 - £249,457) was due from Harhill Developments Limited.

At the year end the company owed £nil (2021 - £199,430) to the directors of the company, in respect of interest free loans which are repayable on demand.