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Registered number: 11448469

GSBL Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

GSBL Properties Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
DIRECTORS
Samuel Stevens
REGISTERED OFFICE
Unit 7, The Court House
72 Moorland Road
Stoke-on-Trent
ST6 1DY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11448469
BANKERS
Barclays
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

GSBL Properties Ltd

ACCOUNTS
FOR THEYEARENDED31/07/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

GSBL Properties Ltd

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Tangible assets678,469490,000
CURRENT ASSETS
Debtors41,176-
Cash at bank and in hand9,25224,112
10,42824,112
CREDITORS: Amounts falling due within one year511,8701,717
NET CURRENT (LIABILITIES) / ASSETS(1,442)22,395
TOTAL ASSETS LESS CURRENT LIABILITIES677,027512,395
CREDITORS: Amounts falling due after more than one year6540,873381,143
PROVISIONS FOR LIABILITIES AND CHARGES821,74321,743
NET ASSETS114,411109,509
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account114,311109,409
SHAREHOLDERS' FUNDS114,411109,509
For the year ending 31/07/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/04/2025 and signed on their behalf by
Samuel Stevens
Director

GSBL Properties Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Turnover
Turnover represents the gross rents received by the company.
2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/08/2023490,000490,000
Additions188,469188,469
At 31/07/2024678,469678,469
The investment properties were valued by the director at the year end based on conservative current selling prices of similar properties in the same location.

GSBL Properties Ltd

4. DEBTORS 20242023
££
Amounts falling due within one year
Prepayments1,176-
1,176-
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,150917
Directors current account200200
Accruals720600
Deferred income9,800-
11,8701,717
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr411,705275,975
Directors Loan129,168105,168
540,873381,143
7. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured411,705275,975

GSBL Properties Ltd

8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation21,74321,743
21,74321,743
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100