GIDAR R INVESTMENTS LTD |
Notes to the Accounts |
for the period from 1 August 2020 to 31 March 2021 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Going concern |
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The director and shareholder has the ability to and will continue to provide financial support so that the company will be able to meet its financial obligations as and when they fall due for at least 12 months from the date of signing these accounts. On this basis, the director believes that the adoption of the going concern basis is appropriate. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Investments |
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Other |
investments |
£ |
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Cost |
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At 1 August 2020 |
209,932 |
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At 31 March 2021 |
209,932 |
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4 |
Debtors |
2021 |
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2020 |
£ |
£ |
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Other debtors |
1,796,067 |
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1,796,067 |
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5 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
£ |
£ |
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Other creditors |
4,895 |
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3,495 |
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Directors loan account |
2,013,400 |
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2,013,400 |
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2,018,295 |
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2,016,895 |
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6 |
Related party transactions |
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As at period end, an amount of £1,796,067 (2020: £ 1,796,067) was due from companies under common control. The amount is interest free and repayable on demand. As at period end, an amount of £2,013,400 (2020: £2,013,400) was due to the director , which is interest free and payable on demand. |
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7 |
Controlling party |
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The company is under the control of its director by virture of his share holding in the issued share cpaital of the company. |
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8 |
Other information |
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GIDAR R INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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Gold Care Homes 1st Floor |
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2 Vine Street |
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Uxbridge |
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Middlesex |
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UB8 1QE |