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Company No: 15147330 (England and Wales)

G&T PROPERTY INVESTMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

G&T PROPERTY INVESTMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

G&T PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
G&T PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
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
G&T PROPERTY INVESTMENT LIMITED

BALANCE SHEET

As at 31 October 2024
G&T PROPERTY INVESTMENT LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024
£
Fixed assets
Tangible assets 3 3,134,788
3,134,788
Current assets
Cash at bank and in hand 5,185
5,185
Creditors: amounts falling due within one year 4 ( 14,890)
Net current liabilities (9,705)
Total assets less current liabilities 3,125,083
Creditors: amounts falling due after more than one year 5 ( 2,232,912)
Net assets 892,171
Capital and reserves
Called-up share capital 6 1,000
Share premium account 891,448
Profit and loss account ( 277 )
Total shareholders' funds 892,171

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of G&T Property Investment Limited (registered number: 15147330) were approved and authorised for issue by the Board of Directors on 03 June 2025. They were signed on its behalf by:

Gavin Downes
Director
G&T PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
G&T PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

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 £.

Going concern

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property not depreciated
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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. Employees

2024
Number
Monthly average number of persons employed by the Company during the year, including directors 2

3. Tangible assets

Investment property Office equipment Total
£ £ £
Cost
At 01 November 2023 0 0 0
Additions 3,133,490 1,469 3,134,959
At 31 October 2024 3,133,490 1,469 3,134,959
Accumulated depreciation
At 01 November 2023 0 0 0
Charge for the financial year 0 171 171
At 31 October 2024 0 171 171
Net book value
At 31 October 2024 3,133,490 1,298 3,134,788

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.

4. Creditors: amounts falling due within one year

2024
£
Other creditors 14,890

5. Creditors: amounts falling due after more than one year

2024
£
Bank loans 2,232,912

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024
£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000