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REGISTERED NUMBER: 01498536 (England and Wales)















G.L.D. (Properties) Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






G.L.D. (Properties) Limited (Registered number: 01498536)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G.L.D. (Properties) Limited

Company Information
for the Year Ended 30 June 2024







Directors: Daniel James Gregory
Suzanne McNally
Stephen John Gregory





Registered office: 187 Stopes Road
Little Lever
Bolton
BL3 1NW





Registered number: 01498536 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

G.L.D. (Properties) Limited (Registered number: 01498536)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 40,480 53,973
Investment property 5 3,200,000 3,285,000
3,240,480 3,338,973

Current assets
Stocks 6,200 6,200
Debtors 6 9,527 7,327
Cash at bank - 19,362
15,727 32,889
Creditors
Amounts falling due within one year 7 144,523 146,062
Net current liabilities (128,796 ) (113,173 )
Total assets less current liabilities 3,111,684 3,225,800

Creditors
Amounts falling due after more than
one year

8

(942,201

)

(1,082,998

)

Provisions for liabilities 9 (222,804 ) (227,883 )
Net assets 1,946,679 1,914,919

G.L.D. (Properties) Limited (Registered number: 01498536)

Statement of Financial Position - continued
30 June 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 10 100 100
Other reserves 1,549,003 1,601,973
Retained earnings 397,576 312,846
Shareholders' funds 1,946,679 1,914,919

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Suzanne McNally - Director


G.L.D. (Properties) Limited (Registered number: 01498536)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

G.L.D. (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.

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 modified to include revaluation of freehold properties.

Turnover
Turnover represents the total invoice value of rents receivable by the company during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


G.L.D. (Properties) Limited (Registered number: 01498536)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1 July 2023
and 30 June 2024 90,950
Depreciation
At 1 July 2023 36,977
Charge for year 13,493
At 30 June 2024 50,470
Net book value
At 30 June 2024 40,480
At 30 June 2023 53,973

5. Investment property
Total
£   
Fair value
At 1 July 2023 3,285,000
Disposals (85,000 )
At 30 June 2024 3,200,000
Net book value
At 30 June 2024 3,200,000
At 30 June 2023 3,285,000

G.L.D. (Properties) Limited (Registered number: 01498536)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 9,527 7,327

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdraft 18,415 20,200
Hire purchase contracts 9,203 9,203
Trade creditors 713 5,333
Taxation and social security 12,068 9,372
Other creditors 104,124 101,954
144,523 146,062

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 414,926 426,129
Hire purchase contracts 16,104 25,306
Other creditors 511,171 631,563
942,201 1,082,998

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 335,926 345,328

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 222,804 227,883

Deferred
tax
£   
Balance at 1 July 2023 227,883
Credit to Statement of Income and Retained Earnings during year (4,049 )
Utilised during year (1,030 )
Balance at 30 June 2024 222,804

G.L.D. (Properties) Limited (Registered number: 01498536)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100