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REGISTERED NUMBER: 11749218 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Gazelle Property Limited

Gazelle Property Limited (Registered number: 11749218)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Gazelle Property Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs C Haslam





REGISTERED OFFICE: Grove House
774-780 Wilmslow Road
Didsbury
Manchester
M20 2DR





REGISTERED NUMBER: 11749218 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Gazelle Property Limited (Registered number: 11749218)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 468,680 460,000

CURRENT ASSETS
Debtors 5 752 2,797
Cash at bank 222 4,370
974 7,167
CREDITORS
Amounts falling due within one year 6 (1,685 ) (1,795 )
NET CURRENT (LIABILITIES)/ASSETS (711 ) 5,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,969

465,372

CREDITORS
Amounts falling due after more than one
year

7

(454,702

)

(453,315

)

PROVISIONS FOR LIABILITIES (4,430 ) -
NET ASSETS 8,837 12,057

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 33,145 40,920
Retained earnings (24,408 ) (28,963 )
8,837 12,057

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Gazelle Property Limited (Registered number: 11749218)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2024 and were signed by:





Mrs C Haslam - Director


Gazelle Property Limited (Registered number: 11749218)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Gazelle Property Limited 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.

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 at 31st January 2024, the company had net current liabilities of £711 (2023: net current assets of £5,372) and net assets of £8,837 (2023: £12,057). The company relies on the loan funding provided by its investors. The director is of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its investors.

Turnover
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
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Gazelle Property Limited (Registered number: 11749218)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 460,000
Additions 8,680
At 31 January 2024 468,680
NET BOOK VALUE
At 31 January 2024 468,680
At 31 January 2023 460,000

Investment property was valued by the director at £468,680 as at 31st January 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 520 1,990
Prepayments 232 807
752 2,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 585 841
Accruals and deferred income 954 954
Accrued expenses 146 -
1,685 1,795

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 454,702 453,315

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023 40,920
Revaluation (7,775 )

At 31 January 2024 33,145

Gazelle Property Limited (Registered number: 11749218)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mrs C Haslam
Balance outstanding at start of year (453,315 ) (452,324 )
Amounts advanced 709 555
Amounts repaid (2,096 ) (1,546 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (454,702 ) (453,315 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C Haslam.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Gazelle Property Limited (Registered number: 11749218)

The following reproduces the text of the report prepared for the director in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gazelle Property Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Gazelle Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gazelle Property Limited and state those matters that we have agreed to state to the director of Gazelle Property Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gazelle Property Limited and its director for our work or for this report.

It is your duty to ensure that Gazelle Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gazelle Property Limited. You consider that Gazelle Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gazelle Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................