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Company Registration No. 07978637 (England and Wales)
Gunthorpe Estates Ltd Unaudited accounts for the year ended 30 June 2023
Gunthorpe Estates Ltd Unaudited accounts Contents
Page
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Gunthorpe Estates Ltd Company Information for the year ended 30 June 2023
Directors
Mr T C A Haywood Mrs A Haywood
Company Number
07978637 (England and Wales)
Registered Office
Gunthorpe Hall Uppingham Road Oakham Rutland LE15 8BE
Accountants
SLW Accountancy 15A Sidings Place Station Road Uppingham Rutland LE15 9TX
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Gunthorpe Estates Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,019,349 
919,221 
Investments
1,200,000 
- 
2,219,349 
919,221 
Current assets
Debtors
33,132 
50,988 
Cash at bank and in hand
4,495 
93,970 
37,627 
144,958 
Creditors: amounts falling due within one year
(37,917)
(75,637)
Net current (liabilities)/assets
(290)
69,321 
Total assets less current liabilities
2,219,059 
988,542 
Creditors: amounts falling due after more than one year
(450,000)
(843,226)
Provisions for liabilities
Deferred tax
(3,161)
(1,946)
Net assets
1,765,898 
143,370 
Capital and reserves
Called up share capital
231 
200 
Share premium
393,195 
- 
Profit and loss account
1,372,472 
143,170 
Shareholders' funds
1,765,898 
143,370 
For the year ending 30 June 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
Mr T C A Haywood Director Company Registration No. 07978637
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Gunthorpe Estates Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Gunthorpe Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07978637. The registered office is Gunthorpe Hall, Uppingham Road, Oakham, Rutland, LE15 8BE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years Straight Line
Plant & machinery
10 years Straight Line
Fixtures & fittings
4 years Straight Line
Deferred taxation
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.
Fixed Asset Investments
The company currently owns 10% of the ordinary share capital of a private company based in the UK. The shareholding was acquired several years ago at Nil cost and therefore does not feature within Investments on the Balance Sheet of the company.
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Gunthorpe Estates Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
998,273 
4,962 
13,760 
1,016,995 
Additions
106,518 
960 
14,517 
121,995 
At 30 June 2023
1,104,791 
5,922 
28,277 
1,138,990 
Depreciation
At 1 July 2022
83,043 
971 
13,760 
97,774 
Charge for the year
19,038 
575 
2,254 
21,867 
At 30 June 2023
102,081 
1,546 
16,014 
119,641 
Net book value
At 30 June 2023
1,002,710 
4,376 
12,263 
1,019,349 
At 30 June 2022
915,230 
3,991 
- 
919,221 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2022
- 
Fair value adjustments
1,200,000 
Valuation at 30 June 2023
1,200,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,525 
33,412 
Other debtors
30,607 
17,576 
33,132 
50,988 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
100 
- 
Trade creditors
11,734 
36,844 
Taxes and social security
8,657 
1,405 
Other creditors
10,326 
9,936 
Accruals
6,250 
- 
Deferred income
850 
27,452 
37,917 
75,637 
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Gunthorpe Estates Ltd Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
450,000 
450,000 
Other creditors
- 
393,226 
450,000 
843,226 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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