CNGIBSON PROPERTIES LTD
CNGIBSON PROPERTIES LTD
Registered number: 10283812
Financial Statements
For the Period
1 August 2021
to
31 March 2022
CNGIBSON PROPERTIES LTD
Financial Statements
For the Period
1 August 2021
to
31 March 2022
Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
CNGIBSON PROPERTIES LTD
Statement of Financial Position
As at
31 March 2022
Statement of Financial Position
Registered number:
10283812
For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
| 31 March 2022 | 31 July 2021 as restated |
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|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
( |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Revaluation reserve | 7 |
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| Income Statement |
( |
( |
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| SHAREHOLDERS' FUNDS | 175,770 | 99,602 | |||
Page 1
Page 2
CNGIBSON PROPERTIES LTD
Statement of Financial Position (continued)
As at
31 March 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
|
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
CNGIBSON PROPERTIES LTD
Notes to the Financial Statements
For the Period
1 August 2021
to
31 March 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents the net amount of the invoices to customers less credit notes for good returned, excluding VAT.
1.3.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
3.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at
|
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| Revaluation | 65,000 |
| As at
|
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| Net Book Value | |
| As at
|
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| As at
|
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4.
Creditors: Amounts Falling Due Within One Year
| 31 March 2022 | 31 July 2021 as restated |
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|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
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| Other creditors |
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| Director's loan account |
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5.
Creditors: Amounts Falling Due After More Than One Year
| 31 March 2022 | 31 July 2021 as restated |
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|---|---|---|---|
| £ | £ | ||
| Bank loans |
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Page 3
Page 4
CNGIBSON PROPERTIES LTD
Notes to the Financial Statements (continued)
For the Period
1 August 2021
to
31 March 2022
6.
Share Capital
| 31 March 2022 | 31 July 2021 as restated |
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|---|---|---|---|
| Allotted, Called up and fully paid |
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7.
Reserves
| Revaluation Reserve | |
|---|---|
| £ | |
| As at
|
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| Surplus on revaluation |
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| As at
|
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8.
General Information
CNGIBSON PROPERTIES LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
10283812
. The registered office is 29 Rectory Gardens, Clapham Old Town, London, SW4 0EE.
Page 4