Gateford Properties Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03033697 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2017

for

Gateford Properties Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

I Goldsby-West

Mrs C Fallon

SECRETARY:

I Goldsby-West

REGISTERED OFFICE:

31 The Avenue

Harlington

Doncaster

South Yorkshire

DN5 7HX

REGISTERED NUMBER:

03033697 (England and Wales)

ACCOUNTANTS:

Hewson & Howson

8 Shepcote Office Village

Shepcote Lane

Sheffield

South Yorkshire

S9 1TG

FIXED ASSETS

Tangible assets

3

-

-

Investments

4

30

30

Investment property

5

523,818

523,818

523,848

523,848

CURRENT ASSETS

Debtors

6

100,000

100,000

Cash at bank

16,233

22,934

116,233

122,934

CREDITORS

Amounts falling due within one year

7

38,567

63,030

NET CURRENT ASSETS

77,666

59,904

TOTAL ASSETS LESS CURRENT LIABILITIES

601,514

583,752

CREDITORS

Amounts falling due after more than one year

8

(38,538

)

(44,546

)

PROVISIONS FOR LIABILITIES

(32,890

)

(36,112

)

NET ASSETS

530,086

503,094

CAPITAL AND RESERVES

Called up share capital

20

20

Capital redemption reserve

10

10

Fair value reserve

10

239,867

239,867

Retained earnings

290,189

263,197

SHAREHOLDERS' FUNDS

530,086

503,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14th November 2017 and were signed on its behalf by:

I Goldsby-West - Director

1.	STATUTORY INFORMATION

Gateford Properties Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2016

and 31st March 2017

1,892

DEPRECIATION

At 1st April 2016

and 31st March 2017

1,892

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2016

and 31st March 2017

30

NET BOOK VALUE

At 31st March 2017

30

At 31st March 2016

30

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2016

and 31st March 2017

523,818

NET BOOK VALUE

At 31st March 2017

523,818

At 31st March 2016

523,818

The directors consider the current valuation of investment property to be an accurate reflection of its fair value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

100,000

100,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

5,799

5,592

Taxation and social security

5,919

6,470

Other creditors

26,849

50,968

38,567

63,030

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

38,538

44,546

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after 5 years

15,336

22,175

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank loans

44,337

50,138

10.

RESERVES

Fair

value

reserve

£

At 1st April 2016

and 31st March 2017

239,867

11.	RELATED PARTY DISCLOSURES

The director I G West Esq. operates a loan account with the company. At the year end the company owed the

director I G West Esq £24,091 (2016: £40,211). The loan account was not overdrawn at any point during the

year.

12.	CONTROLLING PARTY

No individual is in outright control of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31st March 2017 set out on pages three to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hewson & Howson

8 Shepcote Office Village

Shepcote Lane

Sheffield

South Yorkshire

S9 1TG

14th November 2017