GEMWAY ESTATES LTD

GEMWAY ESTATES LTD

GEMWAY ESTATES LTD - Company Information

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GEMWAY ESTATES LTD

Company Registration Number:
04976921 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2020

Period of accounts

Start date: 01 December 2019

End date: 30 November 2020

GEMWAY ESTATES LTD

Contents of the Financial Statements

for the Period Ended 30 November 2020

Balance sheet
Notes

GEMWAY ESTATES LTD

Balance sheet

As at 30 November 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 1,750,414 1,750,414
Total fixed assets: 1,750,414 1,750,414
Current assets
Creditors: amounts falling due within one year: 4 (993,387) (967,165)
Net current assets (liabilities): (993,387) (967,165)
Total assets less current liabilities: 757,027 783,249
Creditors: amounts falling due after more than one year: 5 (226,769) (296,360)
Provision for liabilities: (33,072) (33,072)
Total net assets (liabilities): 497,186 453,817
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:6183,732183,732
Profit and loss account: 313,354 269,985
Shareholders funds: 497,186 453,817

The notes form part of these financial statements

GEMWAY ESTATES LTD

Balance sheet statements

For the year ending 30 November 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 August 2021
and signed on behalf of the board by:

Name: J Perelman
Status: Director

The notes form part of these financial statements

GEMWAY ESTATES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents rent receivable without VAT

Tangible fixed assets and depreciation policy

Tangible assets have not been depreciated

GEMWAY ESTATES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2020

2. Employees

2020 2019
Average number of employees during the period 3 1

GEMWAY ESTATES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2020

3. Tangible Assets

Total
Cost £
At 01 December 2019 1,812,498
At 30 November 2020 1,812,498
Depreciation
At 01 December 2019 62,084
At 30 November 2020 62,084
Net book value
At 30 November 2020 1,750,414
At 30 November 2019 1,750,414

GEMWAY ESTATES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2020

4. Creditors: amounts falling due within one year note

Bank loans & overdrafts £403,868 Corporation Tax £10,173 SSF -£7, Other creditors £579,339

GEMWAY ESTATES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2020

5. Creditors: amounts falling due after more than one year note

Bank loans-£226,769 (2019- 296,360)

GEMWAY ESTATES LTD

Notes to the Financial Statements

for the Period Ended 30 November 2020

6. Revaluation reserve

2020
£
Balance at 01 December 2019 183,732
Surplus or deficit after revaluation 0
Balance at 30 November 2020 183,732