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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
Page
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Gadd Properties Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,553 
30,799 
Current assets
Inventories
337,348 
236,997 
Debtors
79,901 
93,170 
Cash at bank and in hand
135,203 
41,892 
552,452 
372,059 
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 
Capital and reserves
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
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Gadd Properties Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
- 
- 
999 
999 
At 30 September 2024
112,504 
34,644 
6,883 
8,419 
162,450 
Depreciation
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 
Net book value
At 30 September 2024
18,594 
- 
- 
2,959 
21,553 
At 30 September 2023
26,601 
- 
245 
3,953 
30,799 
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Gadd Properties Limited Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
16,067 
14,522 
Trade debtors
7,023 
- 
Deferred tax asset
47,933 
61,940 
Accrued income and prepayments
4,272 
4,127 
Other debtors
4,606 
12,581 
79,901 
93,170 
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 
Accruals
28,331 
16,321 
98,086 
176,173 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
33,333 
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 
336,915 
100,285 
8
Controlling party
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).
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