Company Registration No. 11422836 (England and Wales)
GELLAW NEWCO 202 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2020
PAGES FOR FILING WITH REGISTRAR
GELLAW NEWCO 202 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GELLAW NEWCO 202 LIMITED
BALANCE SHEET
AS AT
30 JUNE 2020
30 June 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Investment properties
3
81,109,332
81,109,332
Current assets
-
-
Creditors: amounts falling due within one year
4
(81,112,031)
(81,112,031)
Net current liabilities
(81,112,031)
(81,112,031)
Total assets less current liabilities
(2,699)
(2,699)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(2,700)
(2,700)
Total equity
(2,699)
(2,699)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 26 March 2021
Mr M Morris
Director
Company Registration No. 11422836
GELLAW NEWCO 202 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2020
- 2 -
1
Accounting policies
Company information
Gellaw Newco 202 Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Number One Pride Place, Pride Park, Derby, Derbyshire, DE24 8QR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure
. Subsequently it is measured
at fair value a
t
the reporting end date.
Changes in fair value are recognised in profit or loss.
1.3
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
Basic financial assets
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
Basic financial liabilities
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest method. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1
(2019 - 1).
GELLAW NEWCO 202 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2020
- 3 -
3
Investment property
2020
£
Fair value
At 1 July 2019 and 30 June 2020
81,109,332
Investment property comprises Pride Park Stadium. The fair value of the investment property has been entered at cost in this the year of acquisition.
4
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
15,900
-
Amounts owed to group undertakings
73,386,799
73,399,999
Other creditors
7,709,332
7,712,032
81,112,031
81,112,031
5
Called up share capital
2020
2019
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1