G & K Wood Property Ltd Filleted accounts for Companies House (small and micro)

G & K WOOD PROPERTY LTD - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 143,355 143,355 143,355 xbrli:pure xbrli:shares iso4217:GBP SC639242 2022-09-01 2023-08-31 SC639242 2023-08-31 SC639242 2022-08-31 SC639242 bus:Director2 2022-09-01 2023-08-31 SC639242 core:WithinOneYear 2023-08-31 SC639242 core:WithinOneYear 2022-08-31 SC639242 core:AfterOneYear 2023-08-31 SC639242 core:AfterOneYear 2022-08-31 SC639242 core:ShareCapital 2023-08-31 SC639242 core:ShareCapital 2022-08-31 SC639242 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC639242 core:RetainedEarningsAccumulatedLosses 2022-08-31 SC639242 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 SC639242 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-31 SC639242 bus:SmallEntities 2022-09-01 2023-08-31 SC639242 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 SC639242 bus:FullAccounts 2022-09-01 2023-08-31 SC639242 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SC639242 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31

COMPANY REGISTRATION NUMBER: SC639242

G & K Wood Property Ltd

Filleted Unaudited Financial Statements

31 August 2023

G & K Wood Property Ltd

Statement of Financial Position

31 August 2023

	2023	2022
Note	£	£

Fixed assets

Tangible assets	4	143,355	143,355

Current assets

Cash at bank and in hand	169	615

Creditors: amounts falling due within one year	5	12,669	12,298
		--------	--------
Net current liabilities		12,500	11,683
		---------	---------
Total assets less current liabilities		130,855	131,672

Creditors: amounts falling due after more than one year	6	115,620	122,075
		---------	---------
Net assets		15,235	9,597
		---------	---------

Capital and reserves

Called up share capital	20	20
Profit and loss account	15,215	9,577
	--------	-------
Shareholders funds	15,235	9,597
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

G & K Wood Property Ltd

Statement of Financial Position (continued)

31 August 2023

These financial statements were approved by the board of directors and authorised for issue on 29 February 2024 , and are signed on behalf of the board by:

Mrs K Wood

Director

Company registration number: SC639242

G & K Wood Property Ltd

Notes to the Financial Statements

Year ended 31 August 2023

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 73 Sunnyside Avenue, Drumoak, AB31 5EF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents rents receivable in the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax

4. Tangible assets

	Freehold property
	£
Cost
At 1 September 2022 and 31 August 2023	143,355
	---------
Depreciation
At 1 September 2022 and 31 August 2023	–
	---------
Carrying amount
At 31 August 2023	143,355
	---------
At 31 August 2022	143,355
	---------

5. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	6,468	6,843
Corporation tax	1,322	1,598
Other creditors	4,879	3,857
	--------	--------
	12,669	12,298
	--------	--------

6. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	115,620	122,075
	---------	---------