ACCOUNTS - Final Accounts preparation

GMD ESTATES LTD - Company Information

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Registered number: 11020461

GMD ESTATES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2018

GMD ESTATES LIMITED

REGISTERED NUMBER:11020461

STATEMENT OF FINANCIAL POSITION
REGISTERED NUMBER: 11020461

AS AT 31 JULY 2018

		2018
Note		£

FIXED ASSETS
Investments	4		99
CURRENT ASSETS
Debtors: amounts falling due within one year	5	1
NET CURRENT ASSETS			1
TOTAL ASSETS LESS CURRENT LIABILITIES			100

NET ASSETS			100

CAPITAL AND RESERVES
Called up share capital	6	100
Profit and loss account	7	-
		100

For the period ended 31 July 2018 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R J Rendell

Director

Date: 29 April 2019

The notes on pages 3 to 5 form part of these financial statements.

Page 1

GMD ESTATES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 JULY 2018

	Called up share capital	Total equity
	£	£
Profit for the period	-	-

Shares issued during the period	100	100
AT 31 JULY 2018	100	100

The notes on pages 3 to 5 form part of these financial statements.

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GMD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2018

1.	GENERAL INFORMATION

GMD Estates Limited is a limited liability company incorporated in England and Wales on 18 October 2017. Its registered trading office is 78 Cumnor Road, Boars Hill, Oxford, Oxfordshire, OX1 5JP.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration.

4.	FIXED ASSET INVESTMENTS

		Investments in subsidiary companies
		£
	COST OR VALUATION
	Additions	99
	At 31 July 2018	99

During the year, the company acquired 99 £1.00 ordinary shares in its 100% owned subsidiary companies; GMD Properties (Oxford) Limited, Westminster Developments Limited and Wootton Road Properties Limited. All of the subsidairies companies are registered in the UK and have the same principal activity being the rental of property.

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GMD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2018

SUBSIDIARY UNDERTAKINGS
The following were subsidiary undertakings of the Company:
Name	Class of shares	Holding

GMD Properties (Oxford) Limited	Ordinary	100%
Westminster Developments Limited	Ordinary	100%
Wootton Road Properties Limited	Ordinary	100%

The aggregate of the share capital and reserves as at 31 July 2018 and the profit or loss for the period ended on that date for the subsidiary undertakings were as follows:
Name	Aggregate of share capital and reserves	Profit/(Loss)
	£	£

GMD Properties (Oxford) Limited	1,066,549	64,925
Westminster Developments Limited	653,059	73,512
Wootton Road Properties Limited	317,745	48,621

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GMD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2018

DEBTORS

					2018
					£


	Called up share capital not paid	1
		1

6.	SHARE CAPITAL
		2018
		£

		ALLOTTED, CALLED UP AND FULLY PAID

		100 Ordinary shares of £1.00 each	100

On incorporation 1 £1.00 ordinary shares were issued on 18 October 2017. 99 £1.00 ordinary shares were issued for consideration in the investments listed in note 4.

RESERVES

Profit and loss account

The profit and loss accounts holds retained profits to date.

8.	RELATED PARTY TRANSACTIONS
	The company has taken the exemption under FRS 102 Section.33 to not disclose any transactions with wholly owned subsidiaries. There have been no other related party transactions.

9.	CONTROLLING PARTY

The ultimate controlling party is R J Rendell by virtue of his majority shareholding in the company.

GMD Estates Limited and its subsidiaries qualify as small under s383 of the Companies Act 2006 and therefore have taken the exemption from preparing consolidated accounts.

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