Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312025-05-21The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22024-01-01falseNo description of principal activity2truetruefalse 10266207 2024-01-01 2024-12-31 10266207 2023-01-01 2023-12-31 10266207 2024-12-31 10266207 2023-12-31 10266207 c:Director1 2024-01-01 2024-12-31 10266207 c:Director2 2024-01-01 2024-12-31 10266207 d:CurrentFinancialInstruments 2024-12-31 10266207 d:CurrentFinancialInstruments 2023-12-31 10266207 d:Non-currentFinancialInstruments 2024-12-31 10266207 d:Non-currentFinancialInstruments 2023-12-31 10266207 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10266207 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10266207 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 10266207 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10266207 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 10266207 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 10266207 d:ShareCapital 2024-12-31 10266207 d:ShareCapital 2023-12-31 10266207 d:RetainedEarningsAccumulatedLosses 2024-12-31 10266207 d:RetainedEarningsAccumulatedLosses 2023-12-31 10266207 c:FRS102 2024-01-01 2024-12-31 10266207 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10266207 c:FullAccounts 2024-01-01 2024-12-31 10266207 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10266207 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 10266207










GDL PROPERTIES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
GDL PROPERTIES LTD
REGISTERED NUMBER: 10266207

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2024
2023
2023
£
£
£
£

  

Current assets
  

Stocks
 4 
1,727,180
1,776,378

Cash at bank and in hand
 5 
31,280
53,912

  
1,758,460
1,830,290

Creditors: amounts falling due within one year
 6 
(335,429)
(358,084)

Net current assets
  
 
 
1,423,031
 
 
1,472,206

Total assets less current liabilities
  
1,423,031
1,472,206

Creditors: amounts falling due after more than one year
 7 
(1,422,458)
(1,470,276)

  

Net assets
  
573
1,930


Capital and reserves
  

Called up share capital 
  
20
20

Profit and loss account
  
553
1,910

  
573
1,930


Page 1

 
GDL PROPERTIES LTD
REGISTERED NUMBER: 10266207
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
L K Taub
................................................
G I Kaye
Director
Director


Date: 21 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GDL PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

GDL Properties Ltd is a private company limited by shares and registered in England and Wales. Its registered office address is Aston House, Cornwall Avenue, London, N3 1LF. Its company registered number is 10266207.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
GDL PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

2024
2023
£
£

Wages and salaries
32,090
31,010

32,090
31,010


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2

Page 4

 
GDL PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Stocks

2024
2023
£
£

Stock of properties
1,727,180
1,776,378

1,727,180
1,776,378



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
31,280
53,912

31,280
53,912



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
17,643
20,629

Corporation tax
5,293
4,667

Other creditors
307,675
312,824

Accruals and deferred income
4,818
19,964

335,429
358,084



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
1,422,458
1,470,276

1,422,458
1,470,276


Page 5

 
GDL PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
17,643
20,629


17,643
20,629

Amounts falling due 1-2 years

Other loans
1,422,458
1,470,276


1,422,458
1,470,276



1,440,101
1,490,905


Page 6