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Unaudited Financial Statements |
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for the Year Ended 30th April 2020 |
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for |
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Geosib Properties Limited |
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Unaudited Financial Statements |
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for the Year Ended 30th April 2020 |
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for |
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Geosib Properties Limited |
Geosib Properties Limited (Registered number: 09997056) |
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Contents of the Financial Statements |
for the Year Ended 30th April 2020 |
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Page |
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Company information | 1 |
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Abridged balance sheet | 2 |
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Notes to the financial statements | 4 |
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Geosib Properties Limited |
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Company Information |
for the Year Ended 30th April 2020 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Beren Court |
Newney Green |
Chelmsford |
Essex |
CM1 3SQ |
Geosib Properties Limited (Registered number: 09997056) |
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Abridged Balance Sheet |
30th April 2020 |
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2020 | 2019 |
Notes | £ | £ |
Fixed assets |
Investment property | 4 |
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Current assets |
Cash at bank |
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Creditors |
Amounts falling due within one year | ( |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital |
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Retained earnings |
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Shareholders' funds |
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Geosib Properties Limited (Registered number: 09997056) |
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Abridged Balance Sheet - continued |
30th April 2020 |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
and were signed on its behalf by: |
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Geosib Properties Limited (Registered number: 09997056) |
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Notes to the Financial Statements |
for the Year Ended 30th April 2020 |
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1. | Statutory information |
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Geosib Properties Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the rent received or receivable, excluding discounts, rebates, |
value added tax and any other sales taxes. |
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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. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, except to the extent that it relates to items recognised in other |
comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable |
profits. |
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3. | Employees and directors |
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The average number of employees during the year was
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Geosib Properties Limited (Registered number: 09997056) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th April 2020 |
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4. | Investment property |
Total |
£ |
Fair value |
At 1st May 2019 |
and 30th April 2020 |
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Net book value |
At 30th April 2020 |
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At 30th April 2019 |
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5. | Directors' advances, credits and guarantees |
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Mr S R George made an interest free loan to the company which at 30 April 2020 amounted to |
£108,250 (30 April 2019 £120,250). |