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REGISTERED NUMBER: 03753449 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

THREE GABLES LTD.

THREE GABLES LTD. (REGISTERED NUMBER: 03753449)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THREE GABLES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: A C Pike
A Hull
K J Hill
T J Hill



SECRETARY: A C Pike



REGISTERED OFFICE: East Haddon Grange
West Haddon Road
East Haddon
Northamptonshire
NN6 8DR



REGISTERED NUMBER: 03753449 (England and Wales)



ACCOUNTANTS: DNG Dove Naish LLP
Chartered Accountants
Eagle House
28 Billing Road
Northampton
NN1 5AJ



SOLICITORS: Mrs C Robinson
1 Laycroft Way
Harpenden
Hertfordshire
AL5 1JW

THREE GABLES LTD. (REGISTERED NUMBER: 03753449)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,943,600 1,943,600

CURRENT ASSETS
Debtors 5 - 2,546
Cash at bank 207,410 198,738
207,410 201,284
CREDITORS
Amounts falling due within one year 6 583,787 631,861
NET CURRENT LIABILITIES (376,377 ) (430,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,567,223

1,513,023

PROVISIONS FOR LIABILITIES 57,889 57,889
NET ASSETS 1,509,334 1,455,134

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 524,085 524,085
Retained earnings 985,149 930,949
SHAREHOLDERS' FUNDS 1,509,334 1,455,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

THREE GABLES LTD. (REGISTERED NUMBER: 03753449)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





A Hull - Director


THREE GABLES LTD. (REGISTERED NUMBER: 03753449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Three Gables Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover represents the gross rentals receivable from the investment properties owned by the company.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of comprehensive income.

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

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 statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

THREE GABLES LTD. (REGISTERED NUMBER: 03753449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 1,943,600
NET BOOK VALUE
At 30 April 2023 1,943,600
At 30 April 2022 1,943,600

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2012 257,981
Valuation in 2017 323,993
Cost 1,361,626
1,943,600

The investment properties are stated at open market value on existing use basis as at 30 April 2023, as valued by the Directors. There has been no formal valuation since 2017 but the Directors do not consider there to be any significant change to the value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 28,664 15,430
Other creditors - 500
Directors' current accounts 554,683 615,520
Accrued expenses 440 411
583,787 631,861

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

THREE GABLES LTD. (REGISTERED NUMBER: 03753449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 30 April 2023 524,085

9. RELATED PARTY DISCLOSURES

Included within creditors are balances owing to the following directors:

Mrs A Hull £184,894 (2022: £205,173)
Mrs K J Hill £184,894 (2022: £205,173)
Mr A C Pike £184,894 (2022: £205,173)

There are no fixed terms of repayment for these loans, and no interest was paid.