GILGIT ESTATES LIMITED

GILGIT ESTATES LIMITED

GILGIT ESTATES LIMITED - Company Information

Print Friendly Version

GILGIT ESTATES LIMITED

Company Registration Number:
05326616 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2018

Period of accounts

Start date: 01 February 2017

End date: 31 January 2018

GILGIT ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2018

Balance sheet
Notes

GILGIT ESTATES LIMITED

Balance sheet

As at 31 January 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 268,983 269,292
Investments: 3 79,939 79,939
Total fixed assets: 348,922 349,231
Current assets
Debtors:   2,080 2,081
Cash at bank and in hand: 11,900 19,140
Total current assets: 13,980 21,221
Creditors: amounts falling due within one year:   (157,429) (157,416)
Net current assets (liabilities): (143,449) (136,195)
Total assets less current liabilities: 205,473 213,036
Provision for liabilities: (177) (248)
Total net assets (liabilities): 205,296 212,788
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 204,296 211,788
Shareholders funds: 205,296 212,788

The notes form part of these financial statements

GILGIT ESTATES LIMITED

Balance sheet statements

For the year ending 31 January 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 March 2018
and signed on behalf of the board by:

Name: Christine Elizabeth Jones
Status: Director

The notes form part of these financial statements

GILGIT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Fixtures & Fittings 25% Reducing Balance

GILGIT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2018

2. Tangible Assets

Total
Cost £
At 01 February 2017 272,083
At 31 January 2018 272,083
Depreciation
At 01 February 2017 2,791
Charge for year 309
At 31 January 2018 3,100
Net book value
At 31 January 2018 268,983
At 31 January 2017 269,292

GILGIT ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2018

3. Fixed investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.