Company Registration No. 3351580 (England and Wales)
Gripec Properties Limited
Unaudited accounts
for the year ended 31 March 2023
Gripec Properties Limited
Unaudited accounts
Contents
Gripec Properties Limited
Company Information
for the year ended 31 March 2023
Directors
Helena Edmonson
Guy Edmondson
Company Number
3351580 (England and Wales)
Registered Office
Tangley Place Farm House
Tangley Lane
Worplesdon
GU3 3JZ
United Kingdom
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Gripec Properties Limited
Statement of financial position
as at 31 March 2023
Tangible assets
689,183
698,133
Cash at bank and in hand
744,538
549,712
Creditors: amounts falling due within one year
(75,132)
(76,522)
Net current assets
757,333
783,769
Net assets
1,446,516
1,481,902
Called up share capital
24
24
Profit and loss account
1,446,492
1,481,878
Shareholders' funds
1,446,516
1,481,902
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by
Guy Edmondson
Director
Company Registration No. 3351580
Gripec Properties Limited
Notes to the Accounts
for the year ended 31 March 2023
Gripec Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 3351580. The registered office is Tangley Place Farm House, Tangley Lane , Worplesdon, GU3 3JZ, United Kingdom.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% Straight Line
Fixtures & fittings
25% Reducing Balance
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Gripec Properties Limited
Notes to the Accounts
for the year ended 31 March 2023
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
895,041
500
895,541
At 31 March 2023
895,041
500
895,541
At 1 April 2022
196,908
500
197,408
Charge for the year
8,950
-
8,950
At 31 March 2023
205,858
500
206,358
At 31 March 2023
689,183
-
689,183
At 31 March 2022
698,133
-
698,133
Amounts falling due within one year
Trade debtors
22,800
22,800
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
26,628
28,221
Allotted, called up and fully paid:
24 Ordinary shares of £1 each
24
24
7
Transactions with related parties
During the year £46,954 (2022 - £46,954) of rent was received from Dega Broadcast Systems Ltd a company owned by Mr G Edmondson.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
