Company Registration No. 06524409 (England and Wales)
GENERAL DEVELOPMENT BANK LIMITED
Unaudited accounts
for the year ended 31 March 2021
GENERAL DEVELOPMENT BANK LIMITED
Unaudited accounts
Contents
GENERAL DEVELOPMENT BANK LIMITED
Company Information
for the year ended 31 March 2021
Company Number
06524409 (England and Wales)
Registered Office
120 Regent Street
London
W1B 5FE
UK
GENERAL DEVELOPMENT BANK LIMITED
Statement of financial position
as at 31 March 2021
Tangible assets
3,816
2,770
Investments
1,067,109
1,062,896
Debtors
1,385,805
1,381,837
Cash at bank and in hand
2,354
2,430
Creditors: amounts falling due within one year
(10,299)
(1,299)
Net current assets
1,377,860
1,382,968
Total assets less current liabilities
2,448,785
2,448,634
Creditors: amounts falling due after more than one year
(1,288,713)
(1,286,875)
Net assets
1,160,072
1,161,759
Called up share capital
1,150,000
1,150,000
Profit and loss account
10,072
11,759
Shareholders' funds
1,160,072
1,161,759
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2021 and were signed on its behalf by
Abdelilah Malki
Director
Company Registration No. 06524409
GENERAL DEVELOPMENT BANK LIMITED
Notes to the Accounts
for the year ended 31 March 2021
GENERAL DEVELOPMENT BANK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06524409. The registered office is 120 Regent Street, London, W1B 5FE, UK.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment
GENERAL DEVELOPMENT BANK LIMITED
Notes to the Accounts
for the year ended 31 March 2021
5
Investments
Other investments
Valuation at 1 April 2020
1,062,896
Valuation at 31 March 2021
1,067,109
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
1,385,805
1,381,837
7
Creditors: amounts falling due within one year
2021
2020
8
Creditors: amounts falling due after more than one year
2021
2020
Trade creditors
1,288,713
1,286,875
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
