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Registered number: 07397190

Gladewell Property Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Gladewell Property Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
Ekiva Katz
Rachel Katz
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07397190
BANKERS
Santander
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Gladewell Property Limited

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Gladewell Property Limited

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets1,209,9911,209,991
CURRENT ASSETS
Debtors33,18311,875
Cash at bank and in hand45,78121,512
48,96433,387
CREDITORS: Amounts falling due within one year4909,045894,378
NET CURRENT LIABILITIES(860,081)(860,991)
TOTAL ASSETS LESS CURRENT LIABILITIES349,910349,000
PROVISIONS FOR LIABILITIES AND CHARGES653,00053,000
NET ASSETS296,910296,000
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account296,909295,999
SHAREHOLDERS' FUNDS296,910296,000
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/05/2025 and signed on their behalf by
.............................
Ekiva Katz
Director

Gladewell Property Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the FRS102. This departure from Companies Act requirements is necessary to show a true and fair view.
2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/11/20231,209,9911,209,991
At 31/10/20241,209,9911,209,991
3. DEBTORS 20242023
££
Amounts falling due within one year
PAYE control183-
Prepayments3,00011,875
3,18311,875

Gladewell Property Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
PAYE control-254
Other creditors907,365892,504
Accruals1,6801,620
909,045894,378
5. EMPLOYEES
20242023
No.No.
Average number of employees21
6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation53,00053,000
53,00053,000
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
8. CONTROLLING PARTY
The company is controlled by N Schneebalg, the director, by virtue of the fact that he owns 100% of the company's issued and called up voting share capital.

Gladewell Property Limited

9. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by one of the directors, E. Katz. The loan is interest free and repayable on demand. The balance owed by the company at the year end totalled £579,364 (2023: £564,503).