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Registered number: 00433758
H.Gilbert Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00433758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3 97
Investment Properties 5 1,750,000 1,750,000
1,750,003 1,750,097
CURRENT ASSETS
Debtors 6 16,582 16,106
Cash at bank and in hand 22,529 27,370
39,111 43,476
Creditors: Amounts Falling Due Within One Year 7 (25,590 ) (25,244 )
NET CURRENT ASSETS (LIABILITIES) 13,521 18,232
TOTAL ASSETS LESS CURRENT LIABILITIES 1,763,524 1,768,329
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (319,341 ) (319,341 )
NET ASSETS 1,444,183 1,448,988
CAPITAL AND RESERVES
Called up share capital 9 3,000 3,000
Profit and Loss Account 1,441,183 1,445,988
SHAREHOLDERS' FUNDS 1,444,183 1,448,988
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Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P H Gilbert
Director
31/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
H.Gilbert Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00433758 . The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Revenue
Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.  Revenue represents the total income received from renting property owned by the company. The following criteria must also be met before revenue is recognised:
Interest income
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if th arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.6. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.8. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9. Registrar Filing Requirements
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 17,018
Disposals (16,939 )
As at 31 December 2024 79
Depreciation
As at 1 January 2024 16,921
Provided during the period 14
Disposals (16,859 )
As at 31 December 2024 76
Net Book Value
As at 31 December 2024 3
As at 1 January 2024 97
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5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 1,750,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 57,308 57,308
There has been no recent valuation of investment properties by an independent valuer. The directors confirmed the fair value of the properties has not changed materially. No depreciation is provided for. 
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 531 542
Other debtors 16,051 15,564
16,582 16,106
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 6,184 7,889
Other taxes and social security 2,625 2,256
Other creditors 11,180 10,800
Accruals and deferred income 990 -
Directors' loan accounts 4,611 4,299
25,590 25,244
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 319,341 319,341
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,000 3,000
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr David Gilbert (3,522 ) 800 1,112 - (3,835 )
Mr Paul Gilbert 12,591 1,600 1,112 - 13,079
Mr Wendy Gilbert (776 ) - - - (776 )
Mr Sarah Gilbert 122 - - - 122
The above loan is unsecured, interest free and repayable on demand.
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