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
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
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
GADWEY PROPERTIES LIMITED
Statement of financial position
as at 30 September 2024
Investment property
488,000
428,000
Cash at bank and in hand
6,146
351,866
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
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
GADWEY PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
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 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 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 in shares are included at fair value.
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
At 30 September 2024
30,836
5,847
36,683
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
At 30 September 2024
-
1,046
1,046
At 30 September 2023
-
346
346
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
-
Fair value adjustments
(44,372)
Valuation at 30 September 2024
370,920
Amounts falling due within one year
Deferred tax asset
11,384
15,769
Accrued income and prepayments
483
469
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
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)
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)
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).