Gunfleet Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04436173 (England and Wales)

Unaudited Financial Statements

for the Year Ended 27 February 2021

for

Gunfleet Properties Limited

Page

Balance Sheet

1

FIXED ASSETS

1,249,412

1,249,412

CURRENT ASSETS

384,665

581,659

PREPAYMENTS AND ACCRUED INCOME

3,183

-

CREDITORS

Amounts falling due within one year

(103,498

)

(110,101

)

NET CURRENT ASSETS

284,350

471,558

TOTAL ASSETS LESS CURRENT LIABILITIES

1,533,762

1,720,970

CREDITORS

Amounts falling due after more than one year

(1,794,344

)

(1,904,464

)

NET LIABILITIES

(260,582

)

(183,494

)

CAPITAL AND RESERVES

(260,582

)

(183,494

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Gunfleet Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04436173

Registered office:

Airport House Suite

Suite 43-45

Purley Way

Croydon

Surrey

CR0 0XZ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2020 - 2 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date included on other creditor due within one year are amounts of £100,000 (2020 : £100,000) due to the director K A Weighill.

At the balance sheet date included in other creditors due after one year are amount of £1,197,484 (2020 : £1,306,204) due to the director K A Weighill.

4.	GOING CONCERN

At the balance sheet date, liabilities exceed assets by £260,582 (2020 : £183,494). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its directors and shareholders.The director are therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

5.	EVENT DURING THE REPORTING PERIOD

The Coronavirus (COVID-19) have emerged globally resulting in a significant impact on businesses worldwide and the UK government continued to impose restrictions in 2021. As a result some business operations have been restricted, however the company continues to operate using alternative methods and remote working. Hence financial statements do not include any adjustments that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2021 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 24 November 2021 and were signed by:

K A Weighill - Director