G.C. Property (Oxford) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04988536 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

G.C. PROPERTY (OXFORD) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

Ms A Gordon Creed

REGISTERED OFFICE:

The White House

Aston Hill

Lewknor

Nr Watlington

Oxfordshire

OX49 5SG

REGISTERED NUMBER:

04988536 (England and Wales)

ACCOUNTANTS:

Orion Accountancy Limited

30 Garners Road

Chalfont St Peter

Buckinghamshire

SL9 0EZ

FIXED ASSETS

Investment property

4

473,501

473,501

CURRENT ASSETS

Cash at bank

24,995

16,267

CREDITORS

Amounts falling due within one year

5

224,513

221,032

NET CURRENT LIABILITIES

(199,518

)

(204,765

)

TOTAL ASSETS LESS CURRENT LIABILITIES

273,983

268,736

PROVISIONS FOR LIABILITIES

6

15,936

17,193

NET ASSETS

258,047

251,543

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

257,947

251,443

SHAREHOLDERS' FUNDS

258,047

251,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 16 February 2020 and were signed by:

Ms A Gordon Creed - Director

1.	STATUTORY INFORMATION

G.C. Property (Oxford) Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial

Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small

Entities" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation

of investment properties at fair value.

Turnover

Turnover represents amounts receivable for property rental income.

Investment properties

Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially

recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is

measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2018

and 30 November 2019

473,501

NET BOOK VALUE

At 30 November 2019

473,501

At 30 November 2018

473,501

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

1,231

5,570

Directors' current accounts

222,803

214,982

Accrued expenses

479

480

224,513

221,032

6.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

15,936

17,193

Deferred

tax

£

Balance at 1 December 2018

17,193

Deferred tax movement on

(1,257

)

investment property revaluat'n

Balance at 30 November 2019

15,936

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 December 2018

251,443

Profit for the year

6,504

At 30 November 2019

257,947

Retained earnings include £163,088 (2018: £161,830) relating to the investment property fair value movement. This

proportion of retained earnings is not distributable.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of G.C. Property (Oxford) Limited for the year ended 30 November 2019 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of G.C. Property (Oxford) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G.C. Property (Oxford) Limited and state those matters that we have agreed to state to the director of G.C. Property (Oxford) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G.C. Property (Oxford) Limited and its director for our work or for this report.

It is your duty to ensure that G.C. Property (Oxford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G.C. Property (Oxford) Limited. You consider that G.C. Property (Oxford) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G.C. Property (Oxford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Orion Accountancy Limited

30 Garners Road

Chalfont St Peter

Buckinghamshire

SL9 0EZ

16 February 2020