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Company Registration No. 14089376 (England and Wales)
Gaston Properties Ltd Unaudited accounts for the year ended 31 May 2024
Gaston Properties Ltd Unaudited accounts Contents
Page
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Gaston Properties Ltd Company Information for the year ended 31 May 2024
Directors
Luci Kay Allen Caroline Lesley Wyatt
Company Number
14089376 (England and Wales)
Registered Office
1 GASTON VILLAS FIRS END BURGHFIELD COMMON READING RG7 3ER ENGLAND
Accountants
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW
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Gaston Properties Ltd Accountants' report
Accountants' report to the board of directors of Gaston Properties Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 May 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MC Accountancy Limited 4 Catterick Road Bicester Oxfordshire OX26 1AW 27 February 2025
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Gaston Properties Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
181,650 
181,650 
Current assets
Cash at bank and in hand
7,185 
5,022 
Creditors: amounts falling due within one year
(348)
(300)
Net current assets
6,837 
4,722 
Total assets less current liabilities
188,487 
186,372 
Creditors: amounts falling due after more than one year
(188,243)
(186,429)
Net assets/(liabilities)
244 
(57)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
242 
(59)
Shareholders' funds
244 
(57)
For the year ending 31 May 2024 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 27 February 2025 and were signed on its behalf by
Luci Kay Allen Director Company Registration No. 14089376
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Gaston Properties Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Gaston Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14089376. The registered office is 1 GASTON VILLAS FIRS END, BURGHFIELD COMMON, READING, RG7 3ER, ENGLAND.
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.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
181,650 
At 31 May 2024
181,650 
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly associated expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in faIr value are recognised in the profit or loss.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
48 
- 
Accruals
300 
300 
348 
300 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
136,000 
136,000 
Loans from directors
52,243 
50,429 
188,243 
186,429 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Gaston Properties Ltd Notes to the Accounts for the year ended 31 May 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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