IRIS Accounts Production v25.1.0.734 07851549 director 1.12.23 30.11.24 30.11.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078515492023-11-30078515492024-11-30078515492023-12-012024-11-30078515492022-11-30078515492022-12-012023-11-30078515492023-11-3007851549ns15:EnglandWales2023-12-012024-11-3007851549ns14:PoundSterling2023-12-012024-11-3007851549ns10:Director12023-12-012024-11-3007851549ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3007851549ns10:SmallEntities2023-12-012024-11-3007851549ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3007851549ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3007851549ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3007851549ns10:FullAccounts2023-12-012024-11-3007851549ns10:RegisteredOffice2023-12-012024-11-3007851549ns5:CurrentFinancialInstruments2024-11-3007851549ns5:CurrentFinancialInstruments2023-11-3007851549ns5:Non-currentFinancialInstruments2024-11-3007851549ns5:Non-currentFinancialInstruments2023-11-3007851549ns5:ShareCapital2024-11-3007851549ns5:ShareCapital2023-11-3007851549ns5:FurtherSpecificReserve1ComponentTotalEquity2024-11-3007851549ns5:FurtherSpecificReserve1ComponentTotalEquity2023-11-3007851549ns5:RetainedEarningsAccumulatedLosses2024-11-3007851549ns5:RetainedEarningsAccumulatedLosses2023-11-3007851549ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3007851549ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 07851549 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2024

FOR

GELT CONSTRUCTION LIMITED

GELT CONSTRUCTION LIMITED (REGISTERED NUMBER: 07851549)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GELT CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: A Grosskopf





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 07851549 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

GELT CONSTRUCTION LIMITED (REGISTERED NUMBER: 07851549)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 742,000 742,000

CURRENT ASSETS
Debtors 5 395,336 538,066
Cash at bank and in hand 13,031 25,880
408,367 563,946
CREDITORS
Amounts falling due within one year 6 790,417 944,744
NET CURRENT LIABILITIES (382,050 ) (380,798 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,950

361,202

CREDITORS
Amounts falling due after more than one year 7 (6,875 ) (8,403 )

PROVISIONS FOR LIABILITIES (69,668 ) (69,668 )
NET ASSETS 283,407 283,131

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 225,723 225,723
Profit and loss account 57,584 57,308
SHAREHOLDERS' FUNDS 283,407 283,131

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GELT CONSTRUCTION LIMITED (REGISTERED NUMBER: 07851549)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





A Grosskopf - Director


GELT CONSTRUCTION LIMITED (REGISTERED NUMBER: 07851549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Gelt Construction 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GELT CONSTRUCTION LIMITED (REGISTERED NUMBER: 07851549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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 balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The balance sheet at the end of the year recorded net current liabilities. However, the director believes sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 742,000
NET BOOK VALUE
At 30 November 2024 742,000
At 30 November 2023 742,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 278,670
Cost 463,330
742,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 446,330 446,330

Investment properties were valued on an open market basis on 30 November 2024 by the director .

GELT CONSTRUCTION LIMITED (REGISTERED NUMBER: 07851549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 236 2,981
Other debtors 395,100 535,085
395,336 538,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,528 1,528
Taxation and social security 4,353 311
Other creditors 784,536 942,905
790,417 944,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,875 8,403