ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

D B & A GILLARD LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2021-03-312021-03-31false12020-05-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11947134 2020-05-01 2021-03-31 11947134 2019-04-15 2020-04-30 11947134 2021-03-31 11947134 2020-04-30 11947134 c:Director1 2020-05-01 2021-03-31 11947134 d:FreeholdInvestmentProperty 2020-05-01 2021-03-31 11947134 d:FreeholdInvestmentProperty 2021-03-31 11947134 d:CurrentFinancialInstruments 2021-03-31 11947134 d:CurrentFinancialInstruments 2020-04-30 11947134 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 11947134 d:CurrentFinancialInstruments d:WithinOneYear 2020-04-30 11947134 d:ShareCapital 2021-03-31 11947134 d:ShareCapital 2020-04-30 11947134 d:RetainedEarningsAccumulatedLosses 2021-03-31 11947134 d:RetainedEarningsAccumulatedLosses 2020-04-30 11947134 c:FRS102 2020-05-01 2021-03-31 11947134 c:AuditExempt-NoAccountantsReport 2020-05-01 2021-03-31 11947134 c:FullAccounts 2020-05-01 2021-03-31 11947134 c:PrivateLimitedCompanyLtd 2020-05-01 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 11947134









D B & A GILLARD LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2021
 
D B & A GILLARD LIMITED
REGISTERED NUMBER: 11947134

BALANCE SHEET
AS AT 31 MARCH 2021

31 March
30 April
2021
2020
Note
£
£

Fixed assets
  

Investment property
 4 
1,421,789
-

Current assets
  

Debtors: amounts falling due within one year
 5 
58,335
-

Cash at bank and in hand
  
2,776
6

  
61,111
6

Creditors: amounts falling due within one year
  
(1,484,859)
-

Net current liabilities
  
 
 
(1,423,748)
 
 
6

Total assets less current liabilities
  
(1,959)
6

  

Net liabilities
  
(1,959)
6


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
(1,965)
-

  
(1,959)
6


Page 1
 
D B & A GILLARD LIMITED
REGISTERED NUMBER: 11947134
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2021

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 period 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 Company's 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 profit and loss account 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 by: 




D Gillard
Director

Date: 22 December 2021

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
D B & A GILLARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021

1.


General information

D B & A Gillard Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is Westway Farm, Bishop Sutton, Bristol, BS39 5XP.

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 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

Going concern

The financial statements have been prepared on a going concern basis.
In reaching this conclusion, the director has considered the company’s ability to continue in operation for at least 12 months from the date of signing these financial statements, and has given his assurance that he will continue to support the company over this period, or until such time as the company is generating sufficient rental income to meet its financial obligations.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

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.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3
 
D B & A GILLARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

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


4.


Investment property





Freehold investment property

£



Valuation


Additions at cost
1,421,789



At 31 March 2021
1,421,789

The 2021 valuations were made by the directors, on an open market value for existing use basis.







5.


Debtors

31 March
30 April
2021
2020
£
£


Other debtors
55,348
-

Prepayments and accrued income
2,987
-

58,335
-


Page 4
 
D B & A GILLARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021

6.


Creditors: Amounts falling due within one year

31 March
30 April
2021
2020
£
£

Trade creditors
186,906
-

Other creditors
1,296,103
-

Accruals and deferred income
1,850
-

1,484,859
-



7.


Related party transactions

During the year, assets comprising land and ground works valued at £470,000 were transferred to the company by a partnership under common control.
During the year, expenses totaling £826,103 were settled on behalf of the company by a partnership under common control.
Included in other creditors falling due within one year is an amount of £1,296,103 (2020 - £Nil) payable to a partnership under common control. This amount is interest free and repayable on demand.

 
Page 5