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COMPANY REGISTRATION NUMBER: 03975759
GELMODE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2025
GELMODE LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
CURRENT ASSETS
Debtors
4
1,023,025
1,132,234
CREDITORS: amounts falling due within one year
5
580
109,643
--------------
--------------
NET CURRENT ASSETS
1,022,445
1,022,591
--------------
--------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,022,445
1,022,591
--------------
--------------
NET ASSETS
1,022,445
1,022,591
--------------
--------------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
1,022,443
1,022,589
--------------
--------------
SHAREHOLDERS FUNDS
1,022,445
1,022,591
--------------
--------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:
B R Long
Director
Company registration number: 03975759
GELMODE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 70 Buckingham Road, Morecambe, LA4 1BD.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents gross rental income receivable during the year.
4. DEBTORS
2025
2024
£
£
Inter company loan
1,023,025
1,131,454
Other debtors
780
--------------
--------------
1,023,025
1,132,234
--------------
--------------
5. CREDITORS: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
580
1,288
Corporation tax
108,355
-----
-----------
580
109,643
-----
-----------
6. RELATED PARTY TRANSACTIONS
During the year the company had transactions with Bay Properties Letting Company Limited, a company which Mr B R Long is sole director. At the year end the company was owed £1,023,025 by Bay Properties Letting Company Limited which is included in debtors.