Company registration number 08626817 (England and Wales)
DANIEL GATH PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
DANIEL GATH PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
DANIEL GATH PROPERTIES LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
113,953
62,132
Investment property
4
5,807,047
5,727,961
5,921,000
5,790,093
Current assets
Debtors
5
18,355
33,703
Cash at bank and in hand
88,698
73,984
107,053
107,687
Creditors: amounts falling due within one year
6
(723,234)
(672,037)
Net current liabilities
(616,181)
(564,350)
Total assets less current liabilities
5,304,819
5,225,743
Creditors: amounts falling due after more than one year
7
(2,551,669)
(2,500,000)
Provisions for liabilities
(443,761)
(446,011)
Net assets
2,309,389
2,279,732
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
10
2,309,388
2,279,731
Total equity
2,309,389
2,279,732
DANIEL GATH PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 2 -

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 August 2025 and are signed on its behalf by:
D J Gath
Director
Company registration number 08626817 (England and Wales)
DANIEL GATH PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Daniel Gath Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor 4 Audax Court, Audax Close, York, YO30 4RB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the provision of services is recognised by reference to the stage of completion when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Straight line
Motor vehicles
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

DANIEL GATH PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DANIEL GATH PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases
As lessee
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Employees
3
3
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 February 2024
12,891
84,099
96,990
Additions
592
111,761
112,353
Disposals
(8,445)
(84,099)
(92,544)
At 31 January 2025
5,038
111,761
116,799
Depreciation and impairment
At 1 February 2024
7,263
27,595
34,858
Depreciation charged in the year
4,028
14,126
18,154
Eliminated in respect of disposals
(8,445)
(41,721)
(50,166)
At 31 January 2025
2,846
-
0
2,846
DANIEL GATH PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
(Continued)
- 6 -
Carrying amount
At 31 January 2025
2,192
111,761
113,953
At 31 January 2024
5,628
56,504
62,132
4
Investment property
2025
£
Fair value
At 1 February 2024
5,727,961
Additions
88,086
Revaluations
(9,000)
At 31 January 2025
5,807,047

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 January 2025 by the director, Daniel Gath. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. No depreciation is provided in respect of these properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
8,850
Corporation tax recoverable
-
0
3,787
Prepayments and accrued income
18,355
21,066
18,355
33,703
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
23,331
-
0
Trade creditors
30,399
10,987
Corporation tax
8,536
-
0
Other taxation and social security
6,814
3,596
Other creditors
633,986
630,428
Accruals and deferred income
20,168
27,026
723,234
672,037
DANIEL GATH PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
6
Creditors: amounts falling due within one year
(Continued)
- 7 -

The obligations under finance leases are secured on the relevant assets.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases
51,669
-
0
Other borrowings
1,000,000
-
0
Other creditors
1,500,000
2,500,000
2,551,669
2,500,000

The obligations under finance leases are secured on the relevant assets.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1
1
1
1
9
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
1,406,067
1,406,067
Non distributable profits in the year
(6,750)
-
At the end of the year
1,399,317
1,406,067
10
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
2,279,731
2,313,944
Adjusted balance
2,279,731
2,313,944
Profit/(loss) for the year
29,657
(34,213)
At the end of the year
2,309,388
2,279,731
DANIEL GATH PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
10
Profit and loss reserves
(Continued)
- 8 -

Included within profit and loss reserves are non-distributable profits, as set out below:

2025
2024
£
£
Non-distributable profits included above
At the beginning of the year
1,406,067
1,406,067
Non distributable profits in the year
(6,750)
-
At the end of the year
1,399,317
1,406,067
Distributable profits
910,071
873,664
11
Directors' transactions

Included in creditors: amounts falling due within one year is a loan from the D J Gath, a company director, of £633,986(2024: £630,428).

 

Included in creditors: amounts falling due after more than one year is a loan from D J Gath of £1,500,000 (2024: £2,500,000).

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