Guisepurpose Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02212423 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Guisepurpose Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Quinn

SECRETARY:

Mrs J A Quinn

REGISTERED OFFICE:

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

REGISTERED NUMBER:

02212423 (England and Wales)

ACCOUNTANTS:

Bristow Burrell

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

FIXED ASSETS

Investment property

5

880,594

880,594

CURRENT ASSETS

Debtors

6

-

250

Cash at bank

24,336

17,842

24,336

18,092

CREDITORS

Amounts falling due within one year

7

132,982

192,734

NET CURRENT LIABILITIES

(108,646

)

(174,642

)

TOTAL ASSETS LESS CURRENT LIABILITIES

771,948

705,952

CREDITORS

Amounts falling due after more than one year

8

200,000

200,000

NET ASSETS

571,948

505,952

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

571,848

505,852

SHAREHOLDERS' FUNDS

571,948

505,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 4 December 2018 and were signed by:

T Quinn - Director

1.	STATUTORY INFORMATION

Guisepurpose 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Going concern

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. Although the

current liabilities of the company exceed the current assets by £108,646 (2017:

£179,642), current liabilities include a directors loan of £115,771. The director

has given representation that he will continue to support the company.

Turnover

Turnover represents gross invoiced sales.

Tangible fixed assets

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

880,594

NET BOOK VALUE

At 31 March 2018

880,594

At 31 March 2017

880,594

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

-

250

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

16,611

17,776

Other creditors

116,371

174,958

132,982

192,734

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

200,000

200,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

At the year end the company owes the director Mr T Quinn £115,771 (2017: £174,358)

by way of a loan.

At the year end the owed £200,000 (2017: £200,000) from Design & Management

(Holdings) Limited, a company in which Mr T Quinn is a director and shareholder.

11.	ULTIMATE CONTROLLING PARTY

It is the view of the Director that there is no sole ultimate controlling party,

due to the split of the shareholdings.