Company registration number: 01687157
Unaudited financial statements
for the year ended 31 March 2025
for
Gibbs Holdings Ltd.
Pages for filing with the Registrar
Company registration number: 01687157
Gibbs Holdings Ltd.
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 1,706,063 730,660
Investments 5 239,222 239,222
Investment property 6 295,000 295,000
2,240,285 1,264,882
Current assets
Debtors 40,290 241,714
Cash at bank and in hand 20,049 28,343
60,339 270,057
Creditors: amounts falling due within one
year 		(837,989) (21,690)
Net current (liabilities)/assets (777,650) 248,367
Total assets less current liabilities 1,462,635 1,513,249
Provisions for liabilities (108,894) (104,548)
NET ASSETS 1,353,741 1,408,701
Capital and reserves
Called up share capital 101,513 101,513
Share premium account 554,297 554,297
Revaluation reserve 354,900 359,246
Profit and loss account 343,031 393,645
TOTAL EQUITY 1,353,741 1,408,701
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 01687157
Gibbs Holdings Ltd.
Balance sheet - continued
as at 31 March 2025
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 and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 14 August 2025 and signed on its behalf by:
J Nottage, Director
14 August 2025
2
Gibbs Holdings Ltd.
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Gibbs Holdings Ltd. is a private company registered in England and Wales. Its registered number is 01687157. The company is limited by shares. Its registered office is Suite 1, Risborough Road, Stoke Mandeville, Aylesbury, Buckinghamshire, HP22 5XL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Gibbs Holdings Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - Freehold Buildings valued at £728150 (2024: £401461)
are depreciated at 2% per annum on a straight
line basis.
Freehold Land valued at £1064737 (2024: £401460) is
not depreciated.
Long leasehold property - Long Leasehold Properties were disposed of during the
year as the related freehold was acquired by the
company. They were previously depreciated at 10% per
annum.
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
3
Gibbs Holdings Ltd.
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 2).
4 Tangible fixed assets
Land and
buildings
£
Cost
At 1 April 2024 883,274
Additions 989,966
Disposals (80,353)
At 31 March 2025 1,792,887
4
Gibbs Holdings Ltd.
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets - continued
Depreciation
At 1 April 2024 152,614
Charge for year 14,563
Eliminated on disposal (80,353)
At 31 March 2025 86,824
Net book value
At 31 March 2025 1,706,063
At 31 March 2024 730,660
Cost or valuation at 31 March 2025 is represented by:
Land and
buildings
£
Valuation in 2011 241,711
Valuation in 2014 100,000
Cost 1,451,176
1,792,887
If Freehold Property had not been revalued, Land and Buildings would have been included at the following historical cost:
2025 2024
£ £
Cost 1,451,176 541,563
Accumulated depreciation 52,655 121,861
5 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 April 2024 239,222
At 31 March 2025 239,222
5
Gibbs Holdings Ltd.
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Fixed asset investments - continued
Investments other than loans - continued
Net book value
At 31 March 2025 239,222
At 31 March 2024 239,222
6 Investment property
£
Valuation
At 1 April 2024 295,000
Disposals -
At 31 March 2025 295,000
7 Share capital
Allotted, issued and fully paid:
2 Ordinary shares of £1 each £2 (2024: £2)
101507 Ordinary A shares of £1 each £101507 (2024: £101507)
1 Ordinary B share of £1 each £1 (2024: £1)
1 Ordinary C share of £1 each £1 (2024: £1)
1 Ordinary D share of £1 each £1 (2024: £1)
1 Ordinary D share of £1 each £1 (2024: £1)
1 Ordinary E share of £1 each £1 (2024: £1)
________
101513
________




8 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK', not to disclose related party transactions with wholly owned subsidiaries or associated companies within the group.
9 Contingent liabilities
A charge has been given to a supplier, Harvest Energy (Dealerships) Limited, in respect of one of the company's petrol stations to guarantee the trade accounts in
respect of the supply of motor fuels.
6
Gibbs Holdings Ltd.
Notes to the financial statements - continued
for the year ended 31 March 2025
10 Principal Activity
The principal activity of the companyin the year under review was that of the holding of investments in subsidiaries and the holding of land and buildings.
11 Taxation
The taxation charge on the results for the year was, 2025 £NIL (2024: £7303).
UK corporation tax was charged in 2024 at a marginal rate between 19% and 25%.
12 Dividends
Dividends paid in the year were as follows:
Ordinary B shares of £1 each £52000 (2024: £86000)
Ordinary C shares of £1 each £109000 (2024: £NIL)
Ordinary E shares of £1 each £25000 (2024: £34000)
13 Share in group undertakings
The company hollds a 100% interest in the ordinary share
capital of Henry Gibbs (Oxon.) Limited.
The nature of its business is the operation of petrol filling
stations.
The agregate capital and reserves were £1411255 (2024:
£1187622).
Profit for the year was £409633 (2024: £338182).
14 Deferred Taxation
The potential liability to deferred taxation should the
following assets be sold at their valuation has been provided as follows:
Freehold Property revaluation £341711 at 25% £85428
(2024 at 24% £82011)
Investment Property revaluation £93908 at 25% £23477
(2024 at 24% £22538).
15 Controlling party
The ultimate controlling party is the director J B Nottage, by
virtue of his majority shareholding.
7