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REGISTERED NUMBER: 14426135 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Garland Frost Ltd

Garland Frost Ltd (Registered number: 14426135)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Garland Frost Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs S J Horwood
Mrs L A Rice





REGISTERED OFFICE: Warren Farm Holiday Park
Brean Sands
Burnham On Sea
Somerset
TA8 2RP





REGISTERED NUMBER: 14426135 (England and Wales)





ACCOUNTANTS: GSS Accountants Limited
The Cleve
Mantle Street
Wellington
Somerset
TA21 8SN

Garland Frost Ltd (Registered number: 14426135)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,381,421 2,381,421

CURRENT ASSETS
Debtors 5 324,000 404,000
Cash at bank 111,995 -
435,995 404,000
CREDITORS
Amounts falling due within one year 6 115,321 121,463
NET CURRENT ASSETS 320,674 282,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,702,095

2,663,958

CAPITAL AND RESERVES
Called up share capital 2,602,020 2,602,020
Retained earnings 100,075 61,938
2,702,095 2,663,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:



Mrs L A Rice - Director



Mrs S J Horwood - Director


Garland Frost Ltd (Registered number: 14426135)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Garland Frost Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 2,381,421
NET BOOK VALUE
At 31 December 2024 2,381,421
At 31 December 2023 2,381,421

Garland Frost Ltd (Registered number: 14426135)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INVESTMENT PROPERTY - continued

Investment property was purchased during the previous year. The directors consider the value of the property at 31 December 2024 to be the same as cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 324,000 324,000
Prepayments and accrued income - 80,000
324,000 404,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 11,200 17,378
Other creditors 103,401 103,401
Accruals and deferred income 720 684
115,321 121,463

7. RELATED PARTY DISCLOSURES

A loan of £324,000 (2023: £324,000) has been paid to Stanley Moss Ltd, a company with common control. The loan is repayable on demand and interest free.

A loan of £103,401 (2023: £103,401) has been received from Warren Farm Ltd, a company managed by the father of the directors and shareholders of the company.The loan is repayable on demand and interest free.