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REGISTERED NUMBER: 01038084 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

GATTIS DEVELOPMENTS LIMITED

GATTIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01038084)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GATTIS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Ms I C O Frost
H F Scotchbrook





SECRETARY: H F Scotchbrook





REGISTERED OFFICE: Bramble Cottage
3 Charlton Down
Andover
Hampshire
SP11 0JA





REGISTERED NUMBER: 01038084 (England and Wales)

GATTIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01038084)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 458 340
Investment property 6 936,762 1,077,690
937,220 1,078,030

CURRENT ASSETS
Cash at bank 155,348 6,884

CREDITORS
Amounts falling due within one year 7 14,925 22,685
NET CURRENT ASSETS/(LIABILITIES) 140,423 (15,801 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,077,643

1,062,229

CREDITORS
Amounts falling due after more than one
year

8

(7,374

)

(7,374

)

PROVISIONS FOR LIABILITIES (64,800 ) (41,800 )
NET ASSETS 1,005,469 1,013,055

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 478,749 478,749
Retained earnings 526,520 534,106
SHAREHOLDERS' FUNDS 1,005,469 1,013,055

GATTIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01038084)

BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 April 2025 and were signed on its behalf by:





H F Scotchbrook - Director


GATTIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01038084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Gattis Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01038084 and the registered office is Victoria House, 26 Queen Victoria Street, Reading, Berkshire RG1 1TG.

The principal activity of the company is property and management consultants, and property development.

The presentation currency of the financial statements is the the pound sterling (£).

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 represents net invoiced rental income from investment properties and other property sales exclusive of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.3% straight line

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
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GATTIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01038084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 3,271
DEPRECIATION
At 1 June 2023
and 31 May 2024 3,271
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 June 2023 340
Revaluations 118
At 31 May 2024 458
NET BOOK VALUE
At 31 May 2024 458
At 31 May 2023 340

Cost or valuation at 31 May 2024 is represented by:

Other
investment
£   
Valuation in 2021 376
Valuation in 2022 (24 )
Valuation in 2023 (12 )
Valuation in 2024 118
458

GATTIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01038084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,077,690
Disposals (140,928 )
At 31 May 2024 936,762
NET BOOK VALUE
At 31 May 2024 936,762
At 31 May 2023 1,077,690

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2012 455,897
Valuation in 2014 22,291
Cost 458,574
936,762

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 2,622
Tax 7,035 4,974
Social security and other taxes 1,355 2,113
Directors' current accounts 3,335 10,221
Accrued expenses 3,200 2,755
14,925 22,685

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 7,374 7,374

9. RESERVES
Revaluatio
reserve
£   
At 1 June 2023
and 31 May 2024 478,749