Gloucester Road Associates Limited - Accounts to registrar (filleted) - small 18.2

Gloucester Road Associates Limited - Accounts to registrar (filleted) - small 18.2

GLOUCESTER ROAD ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 09069602 (England and Wales)















GLOUCESTER ROAD ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021





GLOUCESTER ROAD ASSOCIATES LIMITED (REGISTERED NUMBER: 09069602)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLOUCESTER ROAD ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: Mr M F Cox BSc FCA
Mr A J Durrani





REGISTERED OFFICE: c/o Cox Costello & Horne
26 Main Avenue
Moor Park
HA6 2HJ





REGISTERED NUMBER: 09069602 (England and Wales)





Page 1
GLOUCESTER ROAD ASSOCIATES LIMITED (REGISTERED NUMBER: 09069602)

BALANCE SHEET
30 SEPTEMBER 2021

30.9.21 30.9.20
Notes £    £   
CURRENT ASSETS
Debtors 5 704,000 700,000
Cash at bank 728 4,923
704,728 704,923
CREDITORS
Amounts falling due within one year 6 641,577 651,577
NET CURRENT ASSETS 63,151 53,346
TOTAL ASSETS LESS CURRENT
LIABILITIES
63,151
53,346

CREDITORS
Amounts falling due after more than one
year
7
20,000
-
NET ASSETS 43,151 53,346

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (6,849 ) 3,346
SHAREHOLDERS' FUNDS 43,151 53,346

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2022 and were signed on its behalf by:





Mr A J Durrani - Director


The notes form part of these financial statements

Page 2
GLOUCESTER ROAD ASSOCIATES LIMITED (REGISTERED NUMBER: 09069602)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. STATUTORY INFORMATION

Gloucester Road Associates 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.

Going concern
The company meets its day-to-day working capital requirements through its bank facility. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover comprises the rendering of services in the ordinary course of the company's activity. Turnover is presented net of value-added tax. The company recognises turnover when the amount of revenue and related costs can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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GLOUCESTER ROAD ASSOCIATES LIMITED (REGISTERED NUMBER: 09069602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


2. ACCOUNTING POLICIES - continued

Financial instruments
a) Debtors
Basic financial assets, including investments, trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

b) Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

c) Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

d) Interest income
Interest income is recognised in profit or loss using the effective interest method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
-the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
-any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020
and 30 September 2021 1,706
DEPRECIATION
At 1 October 2020
and 30 September 2021 1,706
NET BOOK VALUE
At 30 September 2021 -

Page 4 continued...
GLOUCESTER ROAD ASSOCIATES LIMITED (REGISTERED NUMBER: 09069602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Amounts owed by participating interests 4,000 -
Other debtors 700,000 700,000
704,000 700,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Amounts owed to participating interests 640,827 650,827
Other creditors 750 750
641,577 651,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.21 30.9.20
£    £   
Other creditors 20,000 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 20,000 -

8. ULTIMATE CONTROLLING PARTY

At the reporting date, the directors consider there is no ultimate controlling party. There has been no change between the reporting date and date of approval of the financial statements.

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