Company Registration No. 10945837 (England and Wales)
Guo Properties Ltd
Unaudited accounts
for the year ended 29 March 2022
Guo Properties Ltd
Unaudited accounts
Contents
Guo Properties Ltd
Company Information
for the year ended 29 March 2022
Company Number
10945837 (England and Wales)
Registered Office
3 Adams Close
BRIGHTON
East Sussex
BN1 7HU
England
Accountants
WCK Accountancy
17 Edison Road
Eastbourne
East Sussex
BN23 6PT
Guo Properties Ltd
Statement of financial position
as at
29 March 2022
Investment property
439,600
401,500
Cash at bank and in hand
11,753
14,023
Creditors: amounts falling due within one year
(131,759)
(143,470)
Net current liabilities
(120,006)
(129,447)
Total assets less current liabilities
319,594
272,053
Creditors: amounts falling due after more than one year
(215,765)
(215,765)
Net assets
103,829
56,288
Called up share capital
100
100
Profit and loss account
103,729
56,188
Shareholders' funds
103,829
56,288
For the year ending 29 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2022 and were signed on its behalf by
Guiling Guo
Director
Company Registration No. 10945837
Guo Properties Ltd
Notes to the Accounts
for the year ended 29 March 2022
Guo Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10945837. The registered office is 3 Adams Close, , BRIGHTON, East Sussex, BN1 7HU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Investment property
2022
Fair value at 30 March 2021
401,500
Net gain from fair value adjustments
38,100
Guo Properties Ltd
Notes to the Accounts
for the year ended 29 March 2022
5
Creditors: amounts falling due within one year
2022
2021
Trade creditors
1,380
1,380
Taxes and social security
3,713
19,000
Other creditors
3,507
1,908
Loans from directors
122,709
120,492
6
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
215,765
215,765
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).