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COMPANY REGISTRATION NUMBER: 12710258
GILBERT & SON REAL ESTATE LTD
Filleted Unaudited Financial Statements
31 July 2024
GILBERT & SON REAL ESTATE LTD
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
2,451,662
2,420,011
Current assets
Cash at bank and in hand
5,920
23,450
Creditors: amounts falling due within one year
5
6,618
13,917
-------
--------
Net current (liabilities)/assets
( 698)
9,533
------------
------------
Total assets less current liabilities
2,450,964
2,429,544
Creditors: amounts falling due after more than one year
6
1,769,942
1,782,682
------------
------------
Net assets
681,022
646,862
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
680,922
646,762
---------
---------
Shareholders funds
681,022
646,862
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GILBERT & SON REAL ESTATE LTD
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
Mr.Paul Gilbert
Director
Company registration number: 12710258
GILBERT & SON REAL ESTATE LTD
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Wolsey Mansions, Main Avenue, Northwood, Middlesex, HA6 2HL, UK.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
3. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
4. Tangible assets
Long leasehold property
Fixtures and fittings
Total
£
£
£
Cost or valuation
At 1 August 2023
2,421,983
11,421
2,433,404
Revaluations
25,000
25,000
------------
--------
------------
At 31 July 2024
2,446,983
11,421
2,458,404
------------
--------
------------
Depreciation
At 1 August 2023
5,573
5,573
Charge for the year
1,169
1,169
------------
--------
------------
At 31 July 2024
6,742
6,742
------------
--------
------------
Carrying amount
At 31 July 2024
2,446,983
4,679
2,451,662
------------
--------
------------
At 31 July 2023
2,421,983
5,848
2,427,831
------------
--------
------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,609
Other creditors
3,009
13,917
-------
--------
6,618
13,917
-------
--------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,347,446
1,347,446
Directors Loans
422,496
435,236
------------
------------
1,769,942
1,782,682
------------
------------