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REGISTERED NUMBER: 04212070 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Gloucestershire Properties (Uk) Ltd.

Gloucestershire Properties (Uk) Ltd. (Registered number: 04212070)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gloucestershire Properties (Uk) Ltd.

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr P D R Yandell





SECRETARY: Mrs B H Yandell





REGISTERED OFFICE: Hine House
25 Regent Street
Nottingham
NG1 5BS





REGISTERED NUMBER: 04212070 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS

Gloucestershire Properties (Uk) Ltd. (Registered number: 04212070)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,900 6,924
Investment property 5 5,318,378 5,695,000
5,325,278 5,701,924

CURRENT ASSETS
Debtors 6 32,535 114,189
Cash at bank 54,263 132,622
86,798 246,811
CREDITORS
Amounts falling due within one year 7 44,834 30,224
NET CURRENT ASSETS 41,964 216,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,367,242

5,918,511

CREDITORS
Amounts falling due after more than
one year

8

(2,183,027

)

(2,422,902

)

PROVISIONS FOR LIABILITIES 10 (417,178 ) (511,333 )
NET ASSETS 2,767,037 2,984,276

Gloucestershire Properties (Uk) Ltd. (Registered number: 04212070)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Property revaluation reserve 11 1,870,769 1,964,924
Retained earnings 11 896,266 1,019,350
2,767,037 2,984,276

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

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

The director acknowledges his 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.

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 4 February 2025 and were signed by:





Mr P D R Yandell - Director


Gloucestershire Properties (Uk) Ltd. (Registered number: 04212070)

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

1. STATUTORY INFORMATION

Gloucestershire Properties (Uk) 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.

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 represents rents receivable.

Tangible fixed assets
Artwork (paintings) included in fixtures and fittings are included at cost.

Depreciation is charged on computer equipment at 33% on a reducing balance basis.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss. The fair value of the investment properties was determined by the directors reference to reports from their managing agents who use current market prices for comparable property, adjusted for any differences in nature, location and condition.

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.


Gloucestershire Properties (Uk) Ltd. (Registered number: 04212070)

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

2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 6,853 1,809 8,662
DEPRECIATION
At 1 June 2023 - 1,738 1,738
Charge for year - 24 24
At 31 May 2024 - 1,762 1,762
NET BOOK VALUE
At 31 May 2024 6,853 47 6,900
At 31 May 2023 6,853 71 6,924

Gloucestershire Properties (Uk) Ltd. (Registered number: 04212070)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 5,695,000
Revaluations (376,622 )
At 31 May 2024 5,318,378
NET BOOK VALUE
At 31 May 2024 5,318,378
At 31 May 2023 5,695,000

75 Regents Park Road, London has been valued in these accounts at £3,418,378 to reflect the sale proceeds in the subsequent year. (2023 £3,795,000) with an historic cost of £1,236,514.
Flat 38, Burton Court, London has been valued by the director with an open market value at
cost; the company has a 50% interest in the property amounting to £1,900,000 (2023 £1,900,000) with an historic cost of £1,982,232.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 32,535 114,189

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,830 14
Taxation and social security (403 ) 16,818
Other creditors 43,407 13,392
44,834 30,224

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 935,000
Other creditors 2,183,027 1,487,902
2,183,027 2,422,902

Gloucestershire Properties (Uk) Ltd. (Registered number: 04212070)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
- 935,000
Shareholder loan 2,183,027 1,487,902
2,183,027 2,422,902

The shareholder loan is secured as an interest bearing debenture over the assets, rights
and property of the company. The shareholder reserves the right to charge interest at 1%
above base rate with no fixed redemption date.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 417,178 511,333

Deferred
tax
£   
Balance at 1 June 2023 511,333
Provided during year (94,155 )
Balance at 31 May 2024 417,178

11. RESERVES
Property
Retained revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 1,019,350 1,964,924 2,984,274
Deficit for the year (216,239 ) (216,239 )
Dividends (1,000 ) (1,000 )
Reserve transfer 94,155 (94,155 ) -
At 31 May 2024 896,266 1,870,769 2,767,035

Gloucestershire Properties (Uk) Ltd. (Registered number: 04212070)

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

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr P D R Yandell
Balance outstanding at start of year 89,472 59,077
Amounts advanced 29,591 30,395
Amounts repaid (106,579 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,484 89,472

Interest at a rate of 2.25% (2023 2.25%) has been accrued on the amounts loaned to the
director.