Company Registration No. 05932998 (England and Wales)
Gadd Properties Limited
Unaudited accounts
for the year ended 30 September 2024
Gadd Properties Limited
Unaudited accounts
Contents
Gadd Properties Limited
Statement of financial position
as at 30 September 2024
Tangible assets
21,553
30,799
Inventories
337,348
236,997
Cash at bank and in hand
135,203
41,892
Creditors: amounts falling due within one year
(98,086)
(176,173)
Net current assets
454,366
195,886
Total assets less current liabilities
475,919
226,685
Creditors: amounts falling due after more than one year
(336,915)
(100,285)
Provisions for liabilities
Other provisions
(13,711)
(1,711)
Net assets
125,293
124,689
Called up share capital
100
100
Profit and loss account
125,193
124,589
Shareholders' funds
125,293
124,689
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by
Bradley Ford
Director
Company Registration No. 05932998
Gadd Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
Gadd Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05932998. The registered office is ASH LODGE, BINDON ROAD, TAUNTON, TA2 6BJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
112,504
34,644
6,883
7,420
161,451
At 30 September 2024
112,504
34,644
6,883
8,419
162,450
At 1 October 2023
85,903
34,644
6,638
3,467
130,652
Charge for the year
8,007
-
245
1,993
10,245
At 30 September 2024
93,910
34,644
6,883
5,460
140,897
At 30 September 2024
18,594
-
-
2,959
21,553
At 30 September 2023
26,601
-
245
3,953
30,799
Gadd Properties Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Deferred tax asset
47,933
61,940
Accrued income and prepayments
4,272
4,127
Other debtors
4,606
12,581
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,000
20,000
Trade creditors
14,140
43,056
Amounts owed to group undertakings and other participating interests
19,356
69,718
Taxes and social security
-
4,539
Other creditors
16,259
22,539
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
(27,672)
364
Other creditors
36,254
36,588
Loans from directors
315,000
30,000
Gadd Properties Ltd is a wholly owned subsidiary of Landford Enterprises Ltd a company registered in England and Wales with company registration number 14082376.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).