Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investments | 4 | ||||||
Current assets | |||||||
Debtors | 5 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current liabilities | ( |
( |
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Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 7 | ( |
( |
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Provisions for liabilities | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Revaluation reserve | 9 | ||||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
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 | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
During the year, plant and machinery has been fully depreciated | ||||||||
Investments | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Going concern | ||||||||
At 31 March 2023 the company had net current liabilities of £397,199 [2022 - £433,833]. 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 | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Plant and machinery etc | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 April 2022 | ||||||||
At 31 March 2023 | ||||||||
Depreciation | ||||||||
At 1 April 2022 | ||||||||
Charge for the year | ||||||||
At 31 March 2023 | ||||||||
Net book value | ||||||||
At 31 March 2023 | ||||||||
At 31 March 2022 | ||||||||
4 | Investments | |||||||
Other | ||||||||
investments | ||||||||
£ | ||||||||
Cost including revaluation | ||||||||
At 1 April 2022 | ||||||||
Additions cost | ||||||||
Disposals - revaluation | ( |
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Disposals - cost | ( |
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At 31 March 2023 | ||||||||
The director has revalued the Investment Properties at the Balance Sheet date. An independent professional valuation was not instructed during the year. | ||||||||
5 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Other debtors | ||||||||
6 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
During the year the company renewed 12 months' Bridging Finance with Together Finance with a legal charge over the following Investment Properties. The legal charge contains a fixed charge and with a personal gaurantee provided by the director. |
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7 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans | ||||||||
8 | Loans | 2023 | 2022 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Secured bank loans | 322,784 | 383,954 | ||||||
18 Bank Street, Barnsley, S70 4JG. Together Commercial Finance Limited has a legal charge company's Investment Properties. The legal charge is a fixed charge with a personal gaurantee provided by the director. North Street, South Kirby, Pontefract, WF9 3NL |
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9 | Revaluation reserve | 2023 | 2022 | |||||
£ | £ | |||||||
At 1 April 2022 | ||||||||
Gain / (Loss) on revaluation of investment properties | - | |||||||
Movement of revaluation profit on disposed properties | (21,999) | (106,652) | ||||||
Deferred taxation arising on the revaluation of land and buildings | ||||||||
At 31 March 2023 | ||||||||
10 | Transactions with the director | |||||||
At the year end the company owed the director £3,310 [2022 - (£9,011) ]. | ||||||||
11 | Related party transactions | 2023 | 2022 | |||||
£ | £ | |||||||
The company is related to Gated Developments Limited 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 Limited. | 39,645 | 50,645 | ||||||
12 | Controlling party | |||||||
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 |