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Registered number: |
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Balance Sheet | |||||||
as at |
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Notes | 2022 | 2021 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 |
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Investments | 4 |
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Current assets | |||||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 6 | ( |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 7 | ( |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital |
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Revaluation reserve | 9 |
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Profit and loss account |
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Shareholder's funds |
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Priya Kripalani | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Tangible fixed assets | ||||||||
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During the year, plant and machinery has been fully depreciated | ||||||||
Investments | ||||||||
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Debtors | ||||||||
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Creditors | ||||||||
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Taxation | ||||||||
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Provisions | ||||||||
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Going concern | ||||||||
At 31 March 2022 the company had net current liabilities of £433,833 [2021 - £155,625]. The director of the company is confident that all payments and liabilities will be met as and when they arise. The director is of the opinion that the financial statements should be drawn up on a going concern basis. | ||||||||
2 | Employees | 2022 | 2021 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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3 | Tangible fixed assets | |||||||
Plant and machinery etc | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 April 2021 |
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Additions |
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At 31 March 2022 |
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Depreciation | ||||||||
At 1 April 2021 |
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Charge for the year |
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At 31 March 2022 |
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Net book value | ||||||||
At 31 March 2022 |
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At 31 March 2021 |
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4 | Investments | |||||||
Other | ||||||||
investments | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 April 2021 |
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Additions cost |
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Revaluation in the year |
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Revalued disposals | ( |
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At 31 March 2022 |
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The director has revalued the Investment Properties at the Balance Sheet date. An independent professional valuation was not instructed during the year. | ||||||||
5 | Debtors | 2022 | 2021 | |||||
£ | £ | |||||||
Trade debtors |
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Other debtors |
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6 | Creditors: amounts falling due within one year | 2022 | 2021 | |||||
£ | £ | |||||||
Bank loans and overdrafts |
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Taxation and social security costs |
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Other creditors |
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During the year the company took out a 12 month Bridging Finance with Together Finance and has a legal charge over the following Investment Properties containing a fixed charge and with a personal gaurantee provided by the director. 4, 5, 6, 7, 8, 9 Aston House, North Street South Kirkby, Pontefract, WF9 3NL 2, 4, 6, 7, 9 Barlow House, North Street South Kirkby, Pontefract, WF9 3NL 3, 6, 7, 8 Denby House, North Street South Kirkby, Pontefract, WF9 3NL 7, 8, 15, 16 Carlton House, North Street South Kirkby, Pontefract, WF9 3NL |
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7 | Creditors: amounts falling due after one year | 2022 | 2021 | |||||
£ | £ | |||||||
Bank loans |
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8 | Loans | 2022 | 2021 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Secured bank loans | 383,954 | 416,476 | ||||||
18 Bank Street, Barnsley, S70 4JG. 111 Firth Park Crescent, Firth Park, Sheffield S5 6HD. |
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9 | Revaluation reserve | 2022 | 2021 | |||||
£ | £ | |||||||
At 1 April 2021 |
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Gain on revaluation of investments |
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Movement of revaluation profit on disposed properties | (106,652) | - | ||||||
Deferred taxation arising on the revaluation of land and buildings |
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( |
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At 31 March 2022 |
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10 | Transactions with the director | |||||||
At the year end the director owed the company £9,011 [2021 - (£677)]. | ||||||||
11 | Related party transactions | 2022 | 2021 | |||||
£ | £ | |||||||
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The company is related to Gated Developments Ltd by virtue of common control. The amount due to and from these related parties at the year end were as follows: | ||||||||
The amount due (to) / from Gated Developments Ltd. | 50,645 | 50,645 | ||||||
12 | Controlling party | |||||||
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13 | Other information | |||||||
1000 Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
46 Osterley Road, Isleworth, Middlesex, TW7 4PN |