Company Registration No. 07978637 (England and Wales)
Gunthorpe Estates Ltd
Unaudited accounts
for the year ended 30 June 2024
Gunthorpe Estates Ltd
Unaudited accounts
Contents
Gunthorpe Estates Ltd
Company Information
for the year ended 30 June 2024
Directors
Mr T C A Haywood
Mrs A Haywood
Company Number
07978637 (England and Wales)
Registered Office
Gunthorpe Hall
Uppingham Road
Oakham
Rutland
LE15 8BE
Accountants
SLW Accountancy Limited
15A Sidings Place
Station Road
Uppingham
Rutland
LE15 9TX
Gunthorpe Estates Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
1,023,173
1,019,349
Investments
1,200,000
1,200,000
Cash at bank and in hand
18,211
4,495
Creditors: amounts falling due within one year
(51,573)
(37,917)
Net current assets/(liabilities)
5,434
(290)
Total assets less current liabilities
2,228,607
2,219,059
Creditors: amounts falling due after more than one year
(500,000)
(450,000)
Provisions for liabilities
Deferred tax
(2,620)
(3,161)
Net assets
1,725,987
1,765,898
Called up share capital
231
231
Share premium
393,195
393,195
Profit and loss account
1,332,561
1,372,472
Shareholders' funds
1,725,987
1,765,898
For the year ending 30 June 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 14 March 2025 and were signed on its behalf by
Mr T C A Haywood
Director
Company Registration No. 07978637
Gunthorpe Estates Ltd
Notes to the Accounts
for the year ended 30 June 2024
Gunthorpe Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07978637. The registered office is Gunthorpe Hall, Uppingham Road, Oakham, Rutland, LE15 8BE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years Straight Line
Plant & machinery
10 years Straight Line
Fixtures & fittings
4 years Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
The company currently owns 10% of the ordinary share capital of a private company based in the UK. The shareholding was acquired several years ago at Nil cost and therefore does not feature within Investments on the Balance Sheet of the company.
Gunthorpe Estates Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
1,104,791
5,922
28,277
1,138,990
Additions
25,707
-
-
25,707
At 30 June 2024
1,130,498
5,922
28,277
1,164,697
At 1 July 2023
102,081
1,546
16,014
119,641
Charge for the year
19,038
591
2,254
21,883
At 30 June 2024
121,119
2,137
18,268
141,524
At 30 June 2024
1,009,379
3,785
10,009
1,023,173
At 30 June 2023
1,002,710
4,376
12,263
1,019,349
5
Investments
Subsidiary undertakings
Valuation at 1 July 2023
1,200,000
Valuation at 30 June 2024
1,200,000
Amounts falling due within one year
Accrued income and prepayments
1,703
2,525
Other debtors
37,093
30,607
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
100
Trade creditors
18,436
11,734
Taxes and social security
-
8,657
Other creditors
13,535
10,326
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
500,000
450,000
Gunthorpe Estates Ltd
Notes to the Accounts
for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).