Company Registration No. 04825821 (England and Wales)
Gillnell Limited
Unaudited accounts
for the year ended 31 December 2024
Gillnell Limited
Unaudited accounts
Contents
Gillnell Limited
Company Information
for the year ended 31 December 2024
Directors
Blake Laurence Weltman
Petronella Johanna Catharina Adriana Weltman
Secretary
Blake Laurence Weltman
Company Number
04825821 (England and Wales)
Registered Office
25 DOLLIS PARK
FINCHLEY
LONDON
N3 1HJ
Accountants
Blake Weltman & Co
Sovereign House
1 Albert Place
Finchley
London
N3 1QB
Gillnell Limited
Statement of financial position
as at 31 December 2024
Investment property
40,000
289,552
Cash at bank and in hand
137,515
27,630
Creditors: amounts falling due within one year
(18,366)
(32,526)
Net current assets
132,543
4,437
Total assets less current liabilities
172,543
293,989
Creditors: amounts falling due after more than one year
-
(38,561)
Provisions for liabilities
Deferred tax
(33,805)
(33,805)
Net assets
138,738
221,623
Called up share capital
100
100
Profit and loss account
138,638
221,523
Shareholders' funds
138,738
221,623
For the year ending 31 December 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 28 April 2025 and were signed on its behalf by
Blake Laurence Weltman
Director
Company Registration No. 04825821
Gillnell Limited
Notes to the Accounts
for the year ended 31 December 2024
Gillnell Limited is a private company, limited by shares, registered in England and Wales, registration number 04825821. The registered office is 25 DOLLIS PARK, FINCHLEY, LONDON, N3 1HJ.
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 represents gross rental income received during the year on investment properties.
Investment property is included at market 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.
Fair value at 1 January 2024
289,552
At 31 December 2024
40,000
The company's investment properties, on which no depreciation is provided have a historic cost of £368,585. The nine properties are included at a valuation of £641,552 taken at the discretion of the directors, based on fair value at the reporting date.
Amounts falling due within one year
Other debtors
13,394
9,333
Gillnell Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
15,598
Other creditors
18,000
16,500
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).