IRIS Accounts Production v25.1.3.33 00622926 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006229262024-03-31006229262025-03-31006229262024-04-012025-03-31006229262023-03-31006229262023-04-012024-03-31006229262024-03-3100622926ns15:EnglandWales2024-04-012025-03-3100622926ns14:PoundSterling2024-04-012025-03-3100622926ns10:Director12024-04-012025-03-3100622926ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3100622926ns10:SmallEntities2024-04-012025-03-3100622926ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3100622926ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3100622926ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3100622926ns10:FullAccounts2024-04-012025-03-3100622926ns10:CompanySecretary12024-04-012025-03-3100622926ns10:RegisteredOffice2024-04-012025-03-3100622926ns5:CurrentFinancialInstruments2025-03-3100622926ns5:CurrentFinancialInstruments2024-03-3100622926ns5:ShareCapital2025-03-3100622926ns5:ShareCapital2024-03-3100622926ns5:RevaluationReserve2025-03-3100622926ns5:RevaluationReserve2024-03-3100622926ns5:FurtherSpecificReserve2ComponentTotalEquity2025-03-3100622926ns5:FurtherSpecificReserve2ComponentTotalEquity2024-03-3100622926ns5:RetainedEarningsAccumulatedLosses2025-03-3100622926ns5:RetainedEarningsAccumulatedLosses2024-03-3100622926ns5:CostValuation2024-03-3100622926ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3100622926ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3100622926ns5:RevaluationReserve2024-03-31
REGISTERED NUMBER: 00622926 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GIBSON NORMAN LIMITED

GIBSON NORMAN LIMITED (REGISTERED NUMBER: 00622926)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIBSON NORMAN LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTOR: S A Gibson





SECRETARY:





REGISTERED OFFICE: 24 Goodmanham Way
Cottingham
East Riding of Yorks
HU16 5LJ





REGISTERED NUMBER: 00622926 (England and Wales)





ACCOUNTANTS: Stephen R Allen & Co
Unit 11
Priory Tec Park
Saxon Way
Hessle
East Yorkshire
HU13 9PB

GIBSON NORMAN LIMITED (REGISTERED NUMBER: 00622926)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investments 4 210,000 210,000

CURRENT ASSETS
Debtors 5 190 169
Cash at bank 9 1,907
199 2,076
CREDITORS
Amounts falling due within one year 6 17,627 24,252
NET CURRENT LIABILITIES (17,428 ) (22,176 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,572

187,824

PROVISIONS FOR LIABILITIES 10,891 10,891
NET ASSETS 181,681 176,933

CAPITAL AND RESERVES
Called up share capital 500 500
Revaluation reserve 7 155,500 155,500
Other reserves 500 500
Retained earnings 25,181 20,433
SHAREHOLDERS' FUNDS 181,681 176,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GIBSON NORMAN LIMITED (REGISTERED NUMBER: 00622926)

BALANCE SHEET - continued
31 March 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2025 and were signed by:





S A Gibson - Director


GIBSON NORMAN LIMITED (REGISTERED NUMBER: 00622926)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Gibson Norman Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is the amounts received from renting out the property owned.


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property
The investment property is included in the accounts at its current market valuation.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

GIBSON NORMAN LIMITED (REGISTERED NUMBER: 00622926)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 210,000
NET BOOK VALUE
At 31 March 2025 210,000
At 31 March 2024 210,000

Cost or valuation at 31 March 2025 is represented by:

Other
investments
£   
Valuation in 2009 166,391
Cost 43,609
210,000

If the property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 43,609 43,609

The property was valued on an open market basis on 31 August 2020 by the directors with advice from an agent .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 190 169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 74 -
Other creditors 17,553 24,252
17,627 24,252

GIBSON NORMAN LIMITED (REGISTERED NUMBER: 00622926)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

7. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 155,500