G&A&L Properties Limited 13976424 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is letting and operating of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true false 13976424 2024-01-01 2024-12-31 13976424 2024-12-31 13976424 core:RetainedEarningsAccumulatedLosses 2024-12-31 13976424 core:ShareCapital 2024-12-31 13976424 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13976424 bus:SmallEntities 2024-01-01 2024-12-31 13976424 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13976424 bus:FullAccounts 2024-01-01 2024-12-31 13976424 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13976424 bus:RegisteredOffice 2024-01-01 2024-12-31 13976424 bus:Director1 2024-01-01 2024-12-31 13976424 bus:Director2 2024-01-01 2024-12-31 13976424 bus:Director3 2024-01-01 2024-12-31 13976424 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13976424 countries:EnglandWales 2024-01-01 2024-12-31 13976424 2023-12-31 13976424 2023-01-01 2023-12-31 13976424 2023-12-31 13976424 core:RetainedEarningsAccumulatedLosses 2023-12-31 13976424 core:ShareCapital 2023-12-31 13976424 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 13976424

G&A&L Properties Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

G&A&L Properties Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

G&A&L Properties Limited

(Registration number: 13976424)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

2,930,000

2,931,100

Current assets

 

Debtors

49,686

394,137

Cash at bank and in hand

 

155,163

799,256

 

204,849

1,193,393

Creditors: Amounts falling due within one year

(2,974,321)

(4,110,232)

Net current liabilities

 

(2,769,472)

(2,916,839)

Net assets

 

160,528

14,261

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

160,527

14,260

Total equity

 

160,528

14,261

 

G&A&L Properties Limited

(Registration number: 13976424)
Abridged Balance Sheet as at 31 December 2024

For the financial 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 22 April 2025 and signed on its behalf by:
 

Mr G Clarke

Director

Mr L Sobye

Director

Mr A Hunt

Director

 

G&A&L Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU
Somerset

These financial statements were authorised for issue by the Board on 22 April 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 31 December 2024, a total amount of £2,879,252 is owed to the intercompany Willett House Vets Limited and G&A&L Property Holdings Limited who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

G&A&L Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Investment properties

2024
£

At 1 January

2,931,100

Disposals

(1,100)

At 31 December

2,930,000

There has been no valuation of investment property by an independent valuer.