ACCOUNTS - Final Accounts preparation

GILES PROPERTY DEVELOPMENTS LIMITED - Company Information

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Registered number: 11111065

GILES PROPERTY DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2021

GILES PROPERTY DEVELOPMENTS LIMITED

REGISTERED NUMBER: 11111065

BALANCE SHEET

AS AT 30 APRIL 2021

		2021		2020
		£		£


Current assets
Debtors: amounts falling due within one year	52,346		1,000
	52,346		1,000
Total assets less current liabilities		52,346		1,000

Net assets		52,346		1,000

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	51,346	-
	52,346	1,000

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 November 2021.

G W Murphy

Director

The notes on pages 3 to 4 form part of these financial statements.

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GILES PROPERTY DEVELOPMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 APRIL 2021

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 May 2020	1,000	-	1,000
Comprehensive income for the year
Profit for the year	-	51,346	51,346
Total comprehensive income for the year	-	51,346	51,346
Total transactions with owners	-	-	-
At 30 April 2021	1,000	51,346	52,346

The notes on pages 3 to 4 form part of these financial statements.

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 APRIL 2020

	Called up share capital	Total equity
	£	£
At 1 May 2019	1,000	1,000
Other comprehensive income for the year	-	-
Total comprehensive income for the year	-	-
Total transactions with owners	-	-
At 30 April 2020	1,000	1,000

The notes on pages 3 to 4 form part of these financial statements.

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GILES PROPERTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

1.	General information

Giles Property Development Ltd is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 11111065. The address of the registered office is Old Station Road, Loughton, Essex, IG10 4PL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).

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GILES PROPERTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	51,346	-
Called up share capital not paid	1,000	1,000
	52,346	1,000

5.	Related party transactions
	At the balance sheet date, the following amounts were due from/(to):

		2021	2020
		£	£

	Other Related Parties	51,346	-
		51,346	-

6.	Controlling party

The ultimate controlling party is G W Murphy, as a result of his shareholding in the company.

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