Gables Holdings Limited - Period Ending 2021-12-31
Gables Holdings Limited - Period Ending 2021-12-31
Registration number:
Gables Holdings Limited
for the Year Ended 31 December 2021
Gables Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Gables Holdings Limited
Company Information
Director |
Mr RW Wilkinson |
Registered office |
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Accountants |
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Gables Holdings Limited
(Registration number: 11116723)
Balance Sheet as at 31 December 2021
Note |
2021 |
2020 |
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Fixed assets |
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Investment property |
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Other financial assets |
1,106,604 |
691,453 |
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Current assets |
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Debtors |
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Other financial assets |
117,921 |
101,388 |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
42,811 |
20,590 |
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Shareholders' funds |
42,911 |
20,690 |
For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Gables Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office and principal place of business is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Government grants
Government grants are accounted for using either the performance model or the accruals model, depending on
the class of the grant.
Income from grants classed under the performance model is recognised when any performance conditions are
met, which may be immediately if there are no performance conditions.
Income from grants classed under the accruals model is recognised systematically over the period in which
related costs are recognised or, if related to an asset, over the useful life of that asset
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Gables Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors with contracts of employment) during the year was
Gables Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Investment properties |
£ |
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At 1 January 2021 |
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At 31 December 2021 |
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There has been no valuation of investment property by an independent valuer.
Gables Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Other financial assets (current and non-current) |
Financial assets at amortised cost |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 January 2021 |
691,453 |
691,453 |
Additions |
657,911 |
657,911 |
Disposals |
(119,411) |
(119,411) |
Transfers |
(123,349) |
(123,349) |
At 31 December 2021 |
1,106,604 |
1,106,604 |
Carrying amount |
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At 31 December 2021 |
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1,106,604 |
At 31 December 2020 |
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691,453 |
Financial assets at fair value through profit and loss |
Total |
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Current financial assets |
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Cost or valuation |
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At 1 January 2021 |
101,388 |
101,388 |
Fair value adjustments |
13,226 |
13,226 |
Additions |
3,307 |
3,307 |
At 31 December 2021 |
117,921 |
117,921 |
Carrying amount |
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At 31 December 2021 |
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117,921 |
At 31 December 2020 |
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101,388 |
Debtors |
2021 |
2020 |
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Prepayments |
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Other debtors |
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- |
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Gables Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
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Due within one year |
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Taxation and social security |
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Other creditors |
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