Giant Property Limited,Ltd - AccountsLtd - Accounts

Giant Property Limited,Ltd - AccountsLtd - Accounts


2022-04-01 NI611505 2023-03-31 NI611505 2022-04-01 2023-03-31 NI611505 2022-03-31 NI611505 2021-04-01 2022-03-31 NI611505 uk-core:WithinOneYear 2022-03-31 NI611505 uk-core:WithinOneYear 2023-03-31 NI611505 uk-core:AfterOneYear 2022-03-31 NI611505 uk-core:AfterOneYear 2023-03-31 NI611505 uk-core:ShareCapital 2023-03-31 NI611505 uk-core:ShareCapital 2022-03-31 NI611505 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI611505 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI611505 uk-bus:Director1 2022-04-01 2023-03-31 NI611505 uk-core:NetGoodwill 2022-04-01 2023-03-31 NI611505 uk-core:PlantMachinery 2022-04-01 2023-03-31 NI611505 uk-core:ComputerEquipment 2022-04-01 2023-03-31 NI611505 uk-core:Goodwill 2022-03-31 NI611505 uk-core:Goodwill 2023-03-31 NI611505 uk-core:ComputerEquipment 2022-03-31 NI611505 uk-core:PlantMachinery 2022-03-31 NI611505 uk-core:PlantMachinery 2023-03-31 NI611505 uk-core:ComputerEquipment 2023-03-31 NI611505 uk-core:WithinOneYear 2023-03-31 NI611505 uk-core:WithinOneYear 2022-03-31 NI611505 uk-core:AfterOneYear uk-core:Secured 2023-03-31 NI611505 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure NI611505 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 NI611505 uk-bus:FRS102 2022-04-01 2023-03-31 NI611505 uk-bus:FullAccounts 2022-04-01 2023-03-31 NI611505 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Giant Property Limited
Registered Number:NI611505
For the year ended 31 March 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 March 2023
Giant Property Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI611505
As at 31 March 2023
Giant Property Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
20,000
20,000
2
Property, plant and equipment
18,933
20,075
3
38,933
40,075
Current assets
Trade and other receivables
83,987
78,848
4
87,864
Cash and cash equivalents
53,941
132,789
171,851
Trade and other payables: amounts falling due within one
year
(155,191)
(111,303)
5
16,660
21,486
Net current assets
Total assets less current liabilities
60,419
56,735
Trade and other payables: amounts falling due after more
than one year
(32,954)
(23,298)
6
37,121
Net assets
23,781
Capital and reserves
Called up share capital
120
120
Retained earnings
37,001
23,661
37,121
23,781
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Christopher Dolan Director
These financial statements were approved and authorised for issue by the Board on 14 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Giant Property Limited
Notes to the Financial Statements
Statutory Information
Giant Property Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI611505.
Registered address:
100 Lisburn Road
Belfast
BT9 6AG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
10% Reducing balance
20% Reducing balance
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 March 2023
Giant Property Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
20,000
At 31 March 2023
20,000
Net book value
At 31 March 2023
20,000
At 31 March 2022
20,000
3. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2022
24,015
8,555
15,460
1,852
1,852
-
Additions
At 31 March 2023
15,460
10,407
25,867
Provision for depreciation and impairment
At 01 April 2022
3,940
2,394
1,546
Charge for year
2,994
1,603
1,391
At 31 March 2023
6,934
3,997
2,937
At 31 March 2023
Net book value
12,523
6,410
18,933
At 31 March 2022
13,914
6,161
20,075
4. Trade and other receivables
2022
2023
£
£
Other debtors
78,848
83,987
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,648
10,644
Taxation and social security
9,069
154
Other creditors
91,586
144,393
111,303
155,191
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6
For the year ended 31 March 2023
Giant Property Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
23,298
32,954
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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