Gibbons Property Investments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09167858 (England and Wales)

Financial Statements

for the Year Ended 30 November 2017

for

GIBBONS PROPERTY INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Gibbons

Mr A Gibbons

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09167858 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investments

3

1

-

Investment property

4

300,132

295,132

300,133

295,132

CURRENT ASSETS

Cash at bank

23,985

14,606

CREDITORS

Amounts falling due within one year

5

2,405

1,914

NET CURRENT ASSETS

21,580

12,692

TOTAL ASSETS LESS CURRENT LIABILITIES

321,713

307,824

PROVISIONS FOR LIABILITIES

950

-

NET ASSETS

320,763

307,824

CAPITAL AND RESERVES

Called up share capital

200

200

Non distributable reserve

6

4,050

-

Retained earnings

6

316,513

307,624

SHAREHOLDERS' FUNDS

320,763

307,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 August 2018 and were signed on its behalf by:

Mr A Gibbons - Director

1.	STATUTORY INFORMATION

Gibbons Property Investments Ltd 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.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 Income

Statement, 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.

Turnover

Turnover represents rental income received.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

1

At 30 November 2017

1

NET BOOK VALUE

At 30 November 2017

1

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2016

295,132

Revaluations

5,000

At 30 November 2017

300,132

NET BOOK VALUE

At 30 November 2017

300,132

At 30 November 2016

295,132

Cost or valuation at 30 November 2017 is represented by:

£

Valuation in 2017

300,132

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

251

-

Taxation and social security

2,130

1,889

Other creditors

24

25

2,405

1,914

6.

RESERVES

Non

Retained

distributable

earnings

reserve

Totals

£

£

£

At 1 December 2016

307,624

-

307,624

Profit for the year

12,939

12,939

Revaluation

(4,050

)

4,050

-

At 30 November 2017

316,513

4,050

320,563

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the director Mr A Gibbons £nil (2016: £Nil).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr B Gibbons.