GENERAL DEVELOPMENT BANK LIMITED

GENERAL DEVELOPMENT BANK LIMITED

GENERAL DEVELOPMENT BANK LIMITED - Company Information

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1 April 2019 false No description of principal activity Taxfiler 2020.17.1 06524409business:PrivateLimitedCompanyLtd2019-04-012020-03-31 065244092019-03-31 065244092019-04-012020-03-31 06524409business:AuditExempt-NoAccountantsReport2019-04-012020-03-31 06524409business:FullAccounts2019-04-012020-03-31 065244092020-03-31 06524409business:Director12019-04-012020-03-31 06524409business:RegisteredOffice2019-04-012020-03-31 065244092019-03-31 06524409core:WithinOneYear2020-03-31 06524409core:WithinOneYear2019-03-31 06524409core:AfterOneYear2020-03-31 06524409core:AfterOneYear2019-03-31 06524409core:ShareCapital2020-03-31 06524409core:ShareCapital2019-03-31 06524409core:RetainedEarningsAccumulatedLosses2020-03-31 06524409core:RetainedEarningsAccumulatedLosses2019-03-31 06524409business:SmallEntities2019-04-012020-03-31 06524409countries:EnglandWales2019-04-012020-03-31 06524409core:ComputerEquipment2019-04-012020-03-31 06524409core:ComputerEquipment2019-03-31 06524409core:ComputerEquipment2020-03-31 06524409core:AdditionsToInvestments2020-03-31 065244092018-04-012019-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06524409 (England and Wales)
GENERAL DEVELOPMENT BANK LIMITED Unaudited accounts for the year ended 31 March 2020
GENERAL DEVELOPMENT BANK LIMITED Unaudited accounts Contents
Page
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GENERAL DEVELOPMENT BANK LIMITED Company Information for the year ended 31 March 2020
Director
Abdelilah Malki
Company Number
06524409 (England and Wales)
Registered Office
120 Regent Street London W1B 5FE UK
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GENERAL DEVELOPMENT BANK LIMITED Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,770 
500 
Investments
5
1,062,896 
1,056,386 
1,065,666 
1,056,886 
Current assets
Debtors
6
1,381,837 
1,386,423 
Cash at bank and in hand
2,430 
2,459 
1,384,267 
1,388,882 
Creditors: amounts falling due within one year
7
(1,299)
(749)
Net current assets
1,382,968 
1,388,133 
Total assets less current liabilities
2,448,634 
2,445,019 
Creditors: amounts falling due after more than one year
8
(1,286,875)
(1,285,527)
Net assets
1,161,759 
1,159,492 
Capital and reserves
Called up share capital
1,150,000 
1,150,000 
Profit and loss account
11,759 
9,492 
Shareholders' funds
1,161,759 
1,159,492 
For the year ending 31 March 2020 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 23 March 2021 and were signed on its behalf by
Abdelilah Malki Director Company Registration No. 06524409
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GENERAL DEVELOPMENT BANK LIMITED Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
20%
Turnover
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 
£ 
Cost or valuation
At cost 
At 1 April 2019
3,720 
Additions
2,550 
At 31 March 2020
6,270 
Depreciation
At 1 April 2019
3,220 
Charge for the year
280 
At 31 March 2020
3,500 
Net book value
At 31 March 2020
2,770 
At 31 March 2019
500 
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GENERAL DEVELOPMENT BANK LIMITED Notes to the Accounts for the year ended 31 March 2020
5
Investments
Other investments 
£ 
Valuation at 1 April 2019
1,056,386 
Additions
6,510 
Valuation at 31 March 2020
1,062,896 
6
Debtors
2020 
2019 
£ 
£ 
Less than one year
Trade debtors
1,381,837 
1,386,423 
Total debtors
1,381,837 
1,386,423 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Accruals
1,299 
749 
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Trade creditors
1,286,875 
1,285,527 
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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