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REGISTERED NUMBER: 04134465 (England and Wales)















GHEDIA PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GHEDIA PROPERTIES LIMITED (REGISTERED NUMBER: 04134465)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GHEDIA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: V B Ghedia
M B Ghedia
J B Ghedia
D B Ghedia
D B Ghedia
C B Ghedia
B B Ghedia





REGISTERED OFFICE: 12-14 Warwick Street
Earlsdon
Coventry
CV5 6ET





REGISTERED NUMBER: 04134465 (England and Wales)





ACCOUNTANTS: Burrows Scarborough
Chartered Accountants
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET

GHEDIA PROPERTIES LIMITED (REGISTERED NUMBER: 04134465)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2
Investment property 5 7,801,629 7,497,046
7,801,631 7,497,048

CURRENT ASSETS
Debtors 6 291,800 300,819
Prepayments and accrued income 4,287 4,062
Cash at bank 596,839 550,356
892,926 855,237
CREDITORS
Amounts falling due within one year 7 206,574 195,609
NET CURRENT ASSETS 686,352 659,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,487,983

8,156,676

CREDITORS
Amounts falling due after more than one
year

8

(216,666

)

(250,000

)

PROVISIONS FOR LIABILITIES (4,903 ) (3,600 )

ACCRUALS AND DEFERRED INCOME (93,934 ) (94,116 )
NET ASSETS 8,172,480 7,808,960

CAPITAL AND RESERVES
Called up share capital 10 144,201 144,201
Non-distributable reserves 11 2,211,189 1,907,332
Retained earnings 11 5,817,090 5,757,427
SHAREHOLDERS' FUNDS 8,172,480 7,808,960

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.

GHEDIA PROPERTIES LIMITED (REGISTERED NUMBER: 04134465)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:




J B Ghedia - Director



C B Ghedia - Director


GHEDIA PROPERTIES LIMITED (REGISTERED NUMBER: 04134465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Ghedia Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents rental income and service charges (net of VAT) and is recognised in the income statement for the period in which it relates.

Investment property
Investment properties are measured at fair value at each reporting date by the directors, with changes in fair value recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

GHEDIA PROPERTIES LIMITED (REGISTERED NUMBER: 04134465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 7,497,046
Additions 726
Revaluations 303,857
At 31 December 2024 7,801,629
NET BOOK VALUE
At 31 December 2024 7,801,629
At 31 December 2023 7,497,046

Included in investment property is property used in operating leases with a value of £7,801,629 (2023 - £7,497,046
Fair value at 31 December 2024 is represented by :
£
Valuation in 2003265,800
Valuation in 2004204,020
Valuation in 2008909,735
Valuation in 2009(451,076 )
Valuation in 2012610,000
Valuation in 2013(77,000 )
Valuation in 201443,000
Valuation in 2015(559,197 )
Valuation in 2017325,000
Valuation in 2021263,410
Valuation in 2023373,640
Valuation in 2024303,857
Cost5,915,115
7,801,629

Each year, the value of investment properties is considered by the directors and any movement is credited to the income statement accordingly.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,152 53,171
Other debtors 247,648 247,648
291,800 300,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,333 33,333
Trade creditors 946 4,896
Taxation and social security 136,620 117,231
Other creditors 35,675 40,149
206,574 195,609

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 216,666 250,000

GHEDIA PROPERTIES LIMITED (REGISTERED NUMBER: 04134465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 249,999 283,333

The bank loan is secured by way of a fixed charge over the property to which the loan relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
72,101 Ordinary 1 72,101 72,101
72,100 'A' Ordinary 1 72,100 72,100
144,201 144,201

11. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 January 2024 5,757,427 1,907,332 7,664,759
Profit for the year 643,520 643,520
Dividends (280,000 ) (280,000 )
Revaluation transfer (303,857 ) - (303,857 )
Non-distributable reserves - 303,857 303,857
At 31 December 2024 5,817,090 2,211,189 8,028,279

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
C B Ghedia
Balance outstanding at start of year 63,729 63,729
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,729 63,729

V B Ghedia
Balance outstanding at start of year 22,926 22,926
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,926 22,926

M B Ghedia
Balance outstanding at start of year 94,510 94,510
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,510 94,510

GHEDIA PROPERTIES LIMITED (REGISTERED NUMBER: 04134465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J B Ghedia
Balance outstanding at start of year 9,375 9,375
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,375 9,375

Interest is charged on directors loans at a rate of 2.25% (2023: 2.25%), Loans are repayable on demand.