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Company Registration No. 00812370 (England and Wales)
GADWEY PROPERTIES LIMITED Unaudited accounts for the year ended 30 September 2024
GADWEY PROPERTIES LIMITED Unaudited accounts Contents
Page
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GADWEY PROPERTIES LIMITED Company Information for the year ended 30 September 2024
Directors
Mr D.R. Buller Mr J.D. Buller Mrs M.E. Buller
Secretary
Mrs M.E. Buller
Company Number
00812370 (England and Wales)
Registered Office
11 Pretoria Road High Wycombe Bucks HP13 6QW England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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GADWEY PROPERTIES LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,046 
346 
Investment property
488,000 
428,000 
Investments
370,920 
- 
859,966 
428,346 
Current assets
Debtors
11,868 
29,501 
Cash at bank and in hand
6,146 
351,866 
18,014 
381,367 
Creditors: amounts falling due within one year
(80,926)
(85,675)
Net current (liabilities)/assets
(62,912)
295,692 
Net assets
797,054 
724,038 
Capital and reserves
Called up share capital
589 
589 
Capital redemption reserve
843 
843 
Profit and loss account
795,622 
722,606 
Shareholders' funds
797,054 
724,038 
For the year ending 30 September 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 March 2025 and were signed on its behalf by
Mr D.R. Buller Director Company Registration No. 00812370
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GADWEY PROPERTIES LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
GADWEY PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00812370. The registered office is 11 Pretoria Road, High Wycombe, Bucks, HP13 6QW, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% Straight line basis
Computer equipment
20% Straight line basis
Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
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GADWEY PROPERTIES LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
30,836 
4,865 
35,701 
Additions
- 
982 
982 
At 30 September 2024
30,836 
5,847 
36,683 
Depreciation
At 1 October 2023
30,836 
4,519 
35,355 
Charge for the year
- 
282 
282 
At 30 September 2024
30,836 
4,801 
35,637 
Net book value
At 30 September 2024
- 
1,046 
1,046 
At 30 September 2023
- 
346 
346 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
428,000 
Net gain from fair value adjustments
60,000 
At 30 September 2024
488,000 
The investment properties are stated at fair value. The directors have undertaken appropriate revaluations to reflect the fair value position.
6
Investments
Other investments 
£ 
Valuation at 1 October 2023
- 
Additions
645,281 
Fair value adjustments
(44,372)
Disposals
(229,989)
Valuation at 30 September 2024
370,920 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
11,384 
15,769 
Accrued income and prepayments
483 
469 
Other debtors
1 
13,263 
11,868 
29,501 
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GADWEY PROPERTIES LIMITED Notes to the Accounts for the year ended 30 September 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
14,312 
- 
Loans from directors
64,307 
83,512 
Accruals
2,307 
2,163 
80,926 
85,675 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
199 
66 
Revaluation of investment property
8,576 
5,607 
Tax losses carried forward
(19,847)
(21,075)
Other deferred taxation
(312)
(367)
(11,384)
(15,769)
2024 
2023 
£ 
£ 
Provision at start of year
(15,769)
(11,086)
Charged/(credited) to the profit and loss account
4,385 
(4,683)
Provision at end of year
(11,384)
(15,769)
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
589 Ordinary shares of £1 each
589 
589 
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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