GLD Properties Investment Limited

GLD Properties Investment Limited

GLD PROPERTIES INVESTMENT LIMITED - Company Information

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1 August 2019 false No description of principal activity Taxfiler 2021.3 10862413business:PrivateLimitedCompanyLtd2019-08-012020-07-31 108624132019-07-31 108624132019-08-012020-07-31 10862413business:AuditExemptWithAccountantsReport2019-08-012020-07-31 10862413business:FullAccounts2019-08-012020-07-31 108624132020-07-31 108624132019-07-31 10862413core:WithinOneYear2020-07-31 10862413core:WithinOneYear2019-07-31 10862413core:AfterOneYear2020-07-31 10862413core:AfterOneYear2019-07-31 10862413core:ShareCapital2020-07-31 10862413core:ShareCapital2019-07-31 10862413core:RetainedEarningsAccumulatedLosses2020-07-31 10862413core:RetainedEarningsAccumulatedLosses2019-07-31 10862413business:SmallEntities2019-08-012020-07-31 10862413business:Director12019-08-012020-07-31 10862413countries:EnglandWales2019-08-012020-07-31 10862413business:RegisteredOffice2019-08-012020-07-31 10862413core:AfterOneYear2019-08-012020-07-31 108624132018-08-012019-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10862413 (England and Wales)
GLD Properties Investment Limited Unaudited accounts for the year ended 31 July 2020
GLD Properties Investment Limited Unaudited accounts Contents
Page
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GLD Properties Investment Limited Statement of financial position as at 31 July 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Investments
4
1,184,999 
1,184,999 
Current assets
Debtors
5
97,941 
57,493 
Cash at bank and in hand
36,610 
29,809 
134,551 
87,302 
Creditors: amounts falling due within one year
6
(694,593)
(726,764)
Net current liabilities
(560,042)
(639,462)
Total assets less current liabilities
624,957 
545,537 
Creditors: amounts falling due after more than one year
7
(645,298)
(560,403)
Net liabilities
(20,341)
(14,866)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(20,441)
(14,966)
Shareholders' funds
(20,341)
(14,866)
For the year ending 31 July 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 30 April 2021 and were signed on its behalf by
T H Sarfraz Director Company Registration No. 10862413
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GLD Properties Investment Limited Notes to the Accounts for the year ended 31 July 2020
1
Statutory information
GLD Properties Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 10862413. The registered office is Apartment 9, 204 Regents Park Road, London, NW1 8AE.
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.
4
Investments
Other investments 
£ 
Valuation at 1 August 2019
1,184,999 
Valuation at 31 July 2020
1,184,999 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
4,541 
2,493 
Other debtors
93,400 
55,000 
97,941 
57,493 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
1,991 
- 
Trade creditors
7,875 
- 
Taxes and social security
7,806 
1,595 
Other creditors
25,875 
24,477 
Loans from directors
649,696 
696,978 
Accruals
1,350 
3,714 
694,593 
726,764 
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GLD Properties Investment Limited Notes to the Accounts for the year ended 31 July 2020
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
645,298 
560,403 
Interbay Funding Limited has fixed and floating charge on company's investment property. Together Commercial Finance Limited has a second charge on company's investment property.
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).
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