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REGISTERED NUMBER: 07944240 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

J R GABRIEL PROPERTIES LIMITED

J R GABRIEL PROPERTIES LIMITED (REGISTERED NUMBER: 07944240)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J R GABRIEL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr J R Gabriel
Mrs C E Gabriel



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Daltongate
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 07944240 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

J R GABRIEL PROPERTIES LIMITED (REGISTERED NUMBER: 07944240)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,630 3,507
Investments 5 11,907 11,931
Investment property 6 1,011,731 1,011,731
1,026,268 1,027,169

CURRENT ASSETS
Debtors 7 207,898 96,386
Investments 29,150 29,150
Cash at bank 37,674 47,594
274,722 173,130
CREDITORS
Amounts falling due within one year 258,685 203,955
NET CURRENT ASSETS/(LIABILITIES) 16,037 (30,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,305

996,344

CREDITORS
Amounts falling due after more than one
year

11,290

10,225
NET ASSETS 1,031,015 986,119

CAPITAL AND RESERVES
Called up share capital 8 101 101
Share premium 856,187 856,187
Revaluation reserve 191,863 191,863
Retained earnings (17,136 ) (62,032 )
SHAREHOLDERS' FUNDS 1,031,015 986,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

J R GABRIEL PROPERTIES LIMITED (REGISTERED NUMBER: 07944240)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





Mr J R Gabriel - Director


J R GABRIEL PROPERTIES LIMITED (REGISTERED NUMBER: 07944240)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

J R Gabriel Properties 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 and the Companies Act 2006. Depreciation if provided would not have been of a material nature

Rental income
Rents received are calculated on the accruals basis and represent net rental income excluding VAT.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 19,162
DEPRECIATION
At 1 May 2023 15,655
Charge for year 877
At 30 April 2024 16,532
NET BOOK VALUE
At 30 April 2024 2,630
At 30 April 2023 3,507

J R GABRIEL PROPERTIES LIMITED (REGISTERED NUMBER: 07944240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023 11,931
Exchange differences (24 )
At 30 April 2024 11,907
NET BOOK VALUE
At 30 April 2024 11,907
At 30 April 2023 11,931

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,011,731
NET BOOK VALUE
At 30 April 2024 1,011,731
At 30 April 2023 1,011,731

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at open market value. The surpluses or deficits on revaluation of freehold properties are transferred to the investment property revaluation reserve which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 and the Companies Act 2006. Depreciation if provided would not have been of a material nature

The investment properties were professionally valued by Peill & Co, Chartered Surveyors on 2nd April 2014. Based on this valuation the directors consider that the above value is a true representation of the market value as at 30th April 2023.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2014 151,863
Cost 859,868
1,011,731

If investment properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 473,932 473,932

Investment property was valued on an open market basis on 4 April 2014 by Peill & Co, chartered surveyors .

J R GABRIEL PROPERTIES LIMITED (REGISTERED NUMBER: 07944240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other debtors 70,916 70,916

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100
1 Dividend £1 1 1
101 101

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the financial year the director, Mr J R Gabriel received £2,068 for the provision of premises.

(Prior year £2,050)

10. RELATED PARTY DISCLOSURES

At 30th April 2024 Mr J R Gabriel, a director of the company, had on an unsecured interest free basis advanced £85,255 to the company.

(Prior year £112,341)

The company was loaned £115,894 by Futuredrop Ltd, a company of which Mr J R Gabriel is a director and shareholder.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J R Gabriel.