Gill & Nephew Investments Limited

Gill & Nephew Investments Limited

GILL & NEPHEW INVESTMENTS LIMITED - Company Information

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1 September 2022 false No description of principal activity Taxfiler 2024.2 10905417business:PrivateLimitedCompanyLtd2022-09-012023-08-31 109054172022-08-31 109054172022-09-012023-08-31 10905417business:AuditExempt-NoAccountantsReport2022-09-012023-08-31 10905417business:FilletedAccounts2022-09-012023-08-31 109054172023-08-31 10905417business:Director12022-09-012023-08-31 10905417business:RegisteredOffice2022-09-012023-08-31 109054172022-08-31 10905417core:WithinOneYear2023-08-31 10905417core:WithinOneYear2022-08-31 10905417core:AfterOneYear2023-08-31 10905417core:AfterOneYear2022-08-31 10905417core:SharePremiumcore:PreviouslyStatedAmount2023-08-31 10905417core:SharePremiumcore:PreviouslyStatedAmount2022-08-31 10905417core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 10905417core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 10905417core:PreviouslyStatedAmount2023-08-31 10905417core:PreviouslyStatedAmount2022-08-31 10905417business:SmallEntities2022-09-012023-08-31 10905417countries:EnglandWales2022-09-012023-08-31 10905417core:LandBuildings2022-08-31 10905417core:LandBuildings2022-09-012023-08-31 10905417core:LandBuildings2023-08-31 109054172021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 10905417 (England and Wales)
Gill & Nephew Investments Limited Unaudited accounts for the year ended 31 August 2023
Gill & Nephew Investments Limited Unaudited accounts Contents
Page
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Gill & Nephew Investments Limited Company Information for the year ended 31 August 2023
Director
Guravtar Gill
Company Number
10905417 (England and Wales)
Registered Office
369 LADY MARGARET ROAD SOUTHALL UB1 2QA UNITED KINGDOM
Accountants
Premium Accountants Ltd 143 Burns Avenue Feltham London TW14 9HZ
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Gill & Nephew Investments Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
324,280 
Investment property
5
324,280 
- 
324,280 
324,280 
Current assets
Debtors
6
2,200 
- 
Cash at bank and in hand
11,008 
3,640 
13,208 
3,640 
Creditors: amounts falling due within one year
7
- 
(98,717)
Net current assets/(liabilities)
13,208 
(95,077)
Total assets less current liabilities
337,488 
229,203 
Creditors: amounts falling due after more than one year
8
(340,335)
(218,486)
Net (liabilities)/assets
(2,847)
10,717 
Capital and reserves
Share premium
1 
1 
Profit and loss account
(2,848)
10,716 
Shareholders' funds
(2,847)
10,717 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 23 May 2024 and were signed on its behalf by
Guravtar Gill Director Company Registration No. 10905417
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Gill & Nephew Investments Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Gill & Nephew Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10905417. The registered office is 369 LADY MARGARET ROAD, SOUTHALL, UB1 2QA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2022
324,280 
Transfer to investment property
(324,280)
At 31 August 2023
- 
Depreciation
At 31 August 2023
- 
Net book value
At 31 August 2023
- 
At 31 August 2022
324,280 
5
Investment property
2023 
£ 
Transfers from tangible fixed assets
324,280 
At 31 August 2023
324,280 
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Gill & Nephew Investments Limited Notes to the Accounts for the year ended 31 August 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,200 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
871 
Loans from directors
- 
97,846 
- 
98,717 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
218,486 
Loans from directors
340,335 
- 
340,335 
218,486 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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