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Registration number: 07475532

Gilbride Shimizu Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Gilbride Shimizu Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Gilbride Shimizu Limited

Company Information

Directors

Mr S P Bliss

Miss P A E Bliss

Registered office

Unit 12
Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

Accountants

Fuller & Roper Limited Unit 12 Old Mills Industrial Estate
Paulton
Bristol
BS39 7SU

 

Gilbride Shimizu Limited

(Registration number: 07475532)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

851

1,291

Investment property

5

454,569

617,904

 

455,420

619,195

Current assets

 

Debtors

6

-

2,105

Cash at bank and in hand

 

49,681

7,628

 

49,681

9,733

Creditors: Amounts falling due within one year

7

(19,585)

(38,380)

Net current assets/(liabilities)

 

30,096

(28,647)

Total assets less current liabilities

 

485,516

590,548

Creditors: Amounts falling due after more than one year

7

(148,246)

(246,379)

Net assets

 

337,270

344,169

Capital and reserves

 

Called up share capital

8

102

102

Share premium reserve

500

500

Retained earnings

336,668

343,567

Shareholders' funds

 

337,270

344,169

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

.........................................
Mr S P Bliss
Director

 

Gilbride Shimizu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

Gilbride Shimizu Limited is a private company, limited by shares, domiciled in England and Wales. The company’s registration number is 07475532. The registered office is Unit 12 Old Mills Industrial Estate, Paulton, Bristol, BS39 7SU. The principle place of business is 9GD Units, Cofton Road, Marsh Barton, Exeter, EX2 8QW.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Items included in the financial statements are measured using Pounds sterling, the currency that represents the economic effects of the underlying transactions, events and conditions in which the entity operates (functional currency). The financial statements are presented in Pounds sterling, the company's presentational currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Gilbride Shimizu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Gilbride Shimizu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

4,448

4,448

Additions

967

967

At 31 March 2025

5,415

5,415

Depreciation

At 1 April 2024

3,157

3,157

Charge for the year

1,407

1,407

At 31 March 2025

4,564

4,564

Carrying amount

At 31 March 2025

851

851

At 31 March 2024

1,291

1,291

5

Investment properties

2025
£

At 1 April

617,904

Disposals

(163,335)

At 31 March

454,569

There has been no valuation of investment property by an independent valuer.

6

Debtors

 

Gilbride Shimizu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current

2025
£

2024
£

Trade debtors

-

1,689

Prepayments

-

416

 

-

2,105

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

11,100

18,900

Trade creditors

 

607

-

Taxation and social security

 

4,467

5,979

Accruals and deferred income

 

3,150

13,500

Other creditors

 

261

1

 

19,585

38,380

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

148,246

246,379

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

102

102

102

102

         
 

Gilbride Shimizu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

148,246

246,379

Current loans and borrowings

2025
£

2024
£

Bank borrowings

11,100

18,900

 

Gilbride Shimizu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Bank borrowings

Barclays Mortgage 1 is denominated in £ with a nominal interest rate of 3.420%, and the final instalment is due on 13 November 2044. The carrying amount at year end is £80,104 (2024 - £82,927).

The mortgage is secured against 10 St Thomas Court, Exeter.

Barclays Mortgage 2 is denominated in £ with a nominal interest rate of 3.420%, and the final instalment is due on 19 February 2045. The carrying amount at year end is £79,242 (2024 - £81,985).

The mortgage is secured against 11 St Thomas Court, Exeter.

Barclays Mortgage 3 was settled in full during the year.

Barclays hold a fixed and floating charge over the assets of the company.