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 2021

FOR

G.C. PROPERTY (OXFORD) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

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

866,537

473,501

CURRENT ASSETS

Cash at bank

35,813

33,642

CREDITORS

Amounts falling due within one year

5

633,158

233,321

NET CURRENT LIABILITIES

(597,345

)

(199,679

)

TOTAL ASSETS LESS CURRENT LIABILITIES

269,192

273,822

PROVISIONS FOR LIABILITIES

6

11,076

17,262

NET ASSETS

258,116

256,560

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

258,016

256,460

SHAREHOLDERS' FUNDS

258,116

256,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 and authorised for issue on 8 August 2022 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 (2020 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2020

473,501

Additions

393,036

At 30 November 2021

866,537

NET BOOK VALUE

At 30 November 2021

866,537

At 30 November 2020

473,501

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Payments on account

2,115

1,325

Trade creditors

-

5,853

Tax

-

1,231

Directors' current accounts

630,514

224,384

Accrued expenses

529

528

633,158

233,321

6.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

11,076

17,262

Deferred

tax

£

Balance at 1 December 2020

17,262

Deferred tax movement on

investment property revaluat'n

(6,186

)

Balance at 30 November 2021

11,076

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained

earnings

£

At 1 December 2020

256,460

Profit for the year

1,556

At 30 November 2021

258,016

Retained earnings include £167,948 (2020: £161,762) 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 2021 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

8 August 2022