REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
GILBERT INVESTMENTS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
GILBERT INVESTMENTS LIMITED |
GILBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 12469571) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GILBERT INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
GILBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 12469571) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GILBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 12469571) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Computer equipment | - |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Turnover |
Turnover represents the following types of income |
- Rental income |
- Income from the sale of properties |
All income is recognised on a receivable basis. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
GILBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 12469571) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
3. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 May 2023 |
Additions |
Disposals | ( |
) |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Cost or valuation at 30 April 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2023 | 290,467 |
Cost | 34,706,091 |
34,996,558 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: The Old Casino,28 Fourth Avenue,Hove,East Sussex,BN3 2PJ |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Profit/(loss) for the year | ( |
) |
GILBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 12469571) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
Registered office: The Old Casino,28 Fourth Avenue,Hove,East Sussex,BN3 2PJ |
Nature of business: |
% |
Class of shares: | holding |
2024 |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) | ( |
) |
Registered office: The Old Casino,28 Fourth Avenue,Hove,East Sussex,BN3 2PJ |
Nature of business: |
% |
Class of shares: | holding |
2024 | 2023 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: Bank House Southwick Square, Southwick, Brighton, England, BN42 4FN |
Nature of business: |
% |
Class of shares: | holding |
2024 | 2023 |
£ | £ |
Aggregate capital and reserves |
Registered office: 22 Grenville Street, St. Helier, Je4 8px, Jersey |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Loss for the year | ( |
) | ( |
) |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Accruals |
Prepayments |
GILBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 12469571) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
Directors' current accounts | 15,361,671 | 14,027,038 |
Accruals and deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans more 5 yrs non-inst | 4,730,000 | 4,850,000 |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 May 2023 |
and 30 April 2024 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year, R Gilbert & Ms L V Gilbert increased their loan to the company. As at 30 April 2024, the company owed them £15,361,671 (2023: £14,027,038). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand. |
GILBERT INVESTMENTS LIMITED (REGISTERED NUMBER: 12469571) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
10. | RELATED PARTY DISCLOSURES |
Bellows Equestrian Limited |
During the year, Gilbert Investments Limited increased their loan to Bellows Equestrian Limited. As at the year-end, Bellows Equestrian Limited owed Gilbert Investments Limited £2,318,041 (2023: £2,086,605). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
Gilbert Investments Rentals Limited |
During the year, Gilbert Investments Limited increased their loan to Gilbert Investments Rentals Limited. As at the year-end, Gilbert Investments Rentals Limited owed Gilbert Investments Limited £2,379,491 (2023: £2,378,359). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
Sussex 256 Limited |
During the year, Gilbert Investments Limited maintained their loan to Sussex 256 Limited. As at the year-end, Sussex 256 Limited owed Gilbert Investments Limited £4,163,625 (2023: £4,163,625). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
Seaside Worthing Limited |
During the year, Gilbert Investments Limited maintained their loan to Seaside Worthing Limited. As at the year-end, Seaside Worthing Limited owed Gilbert Investments Limited £3,129,468 (2023: £3,129,468). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
Swanage Escapes Limited |
During the year, Gilbert Investments Limited decreased their loan to Swanage Escapes Limited. As at the year-end, Swanage Escapes Limited owed Gilbert Investments Limited £645,599 (2023: £670,599). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
This was by virtue of their 100% holding of the issued share capital. |