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Company No: 10108523 (England and Wales)

GANDESHA ESTATES LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

GANDESHA ESTATES LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

GANDESHA ESTATES LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2024
GANDESHA ESTATES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTORS H Gandesha
N H Gandesha
REGISTERED OFFICE United Kingdom
COMPANY NUMBER 10108523 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
GANDESHA ESTATES LIMITED

BALANCE SHEET

As at 31 August 2024
GANDESHA ESTATES LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,645 6,643
Investment property 4 2,400,000 2,400,000
2,406,645 2,406,643
Current assets
Debtors 5 450,359 247,659
Cash at bank and in hand 12,656 20,315
463,015 267,974
Creditors: amounts falling due within one year 6 ( 1,011,444) ( 1,269,088)
Net current liabilities (548,429) (1,001,114)
Total assets less current liabilities 1,858,216 1,405,529
Creditors: amounts falling due after more than one year 78 ( 1,177,005) ( 1,267,290)
Provision for liabilities ( 56,074) ( 56,074)
Net assets 625,137 82,165
Capital and reserves
Called-up share capital 300 300
Fair value reserve 9 168,222 168,222
Profit and loss account 456,615 ( 86,357 )
Total shareholders' funds 625,137 82,165

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Gandesha Estates Limited (registered number: 10108523) were approved and authorised for issue by the Board of Directors on 27 August 2025. They were signed on its behalf by:

H Gandesha
Director
GANDESHA ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
GANDESHA ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gandesha Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The balance sheet at the year end recorded net current liabilities.However, the directors believe that sufficient financial resources are available to the company to enable it to continue trading for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents total rental income receivable for the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc. 25 % reducing balance
Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 September 2023 18,379 18,379
Additions 1,900 1,900
At 31 August 2024 20,279 20,279
Accumulated depreciation
At 01 September 2023 11,736 11,736
Charge for the financial year 1,898 1,898
At 31 August 2024 13,634 13,634
Net book value
At 31 August 2024 6,645 6,645
At 31 August 2023 6,643 6,643

4. Investment property

Investment property
£
Valuation
As at 01 September 2023 2,400,000
As at 31 August 2024 2,400,000

Valuation

Investment properties were valued on fair value basis in September 2023 by independent surveyors and the directors believe the valuation remain the same as at 31 August 2024.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 2,175,705 2,175,705

5. Debtors

2024 2023
£ £
Trade debtors 0 6,280
Amounts owed by Group undertakings 449,841 240,594
Other debtors 518 785
450,359 247,659

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 92,740 28,877
Trade creditors 7,118 1,439
Amounts owed to Group undertakings 129,901 956,059
Other creditors 781,685 282,713
1,011,444 1,269,088

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 1,177,005 1,267,290

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured / repayable by instalments) 769,796 1,140,803

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 1,269,745 1,296,167

The loans are secured on the investment properties held by the company. The directors have also provided personal guarantee for a sum of £156,000

9. Reserves

2024 2023
£ £
At 1st September 168,222 190,369
Property revaluation 0 (29,529)
Transfer 0 7,382
168,222 168,222