Company No:
Contents
| DIRECTORS | Gavin Downes |
| Tonia Downes |
| REGISTERED OFFICE | Gascoyne House |
| Moseleys Farm Business Centre | |
| Fornham All Saints | |
| Bury St Edmunds | |
| Suffolk | |
| IP28 6JY | |
| United Kingdom |
| COMPANY NUMBER | 15147330 (England and Wales) |
| CHARTERED ACCOUNTANTS | Gascoynes |
| Gascoyne House | |
| Moseleys Farm Business Centre | |
| Fornham All Saints | |
| Bury St Edmunds | |
| Suffolk | |
| IP28 6JY |
| Note | 2024 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 3 |
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| 3,134,788 | ||
| Current assets | ||
| Cash at bank and in hand |
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| 5,185 | ||
| Creditors: amounts falling due within one year | 4 | (
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| Net current liabilities | (9,705) | |
| Total assets less current liabilities | 3,125,083 | |
| Creditors: amounts falling due after more than one year | 5 | (
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| Net assets |
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| Capital and reserves | ||
| Called-up share capital | 6 |
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| Share premium account |
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| Profit and loss account | (
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of G&T Property Investment Limited (registered number:
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Gavin Downes
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.
G&T Property Investment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House, Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, Suffolk, IP28 6JY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
| Investment property | not depreciated |
| Office equipment |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
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.
| 2024 | |
| Number | |
| Monthly average number of persons employed by the Company during the year, including directors |
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| Investment property | Office equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 November 2023 |
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| Additions |
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| At 31 October 2024 |
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| Accumulated depreciation | |||||
| At 01 November 2023 |
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| Charge for the financial year |
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| At 31 October 2024 |
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| Net book value | |||||
| At 31 October 2024 |
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Investment properties
Investment properties, which are all freehold, were revalued to fair value at 31 October 2024, based on an estimated valuation undertaken by the director's using a reasonable basis of assessment by comparing similar property transactions in the local area.
| 2024 | |
| £ | |
| Other creditors |
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| 2024 | |
| £ | |
| Bank loans |
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| 2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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