GAT DEVELOPMENTS (MIDLANDS) LIMITED


Directors	TOMALIN, Michael Herbert
	TOMALIN, Susan Frances


Company Secretary	TOMALIN, Susan Frances


Registered Address	35-37 St. Leonards Road
	Northampton
	NN4 8DL


Registered Number	05518445 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		-		1,812
Investments	4		18,444		32,444
			18,444		34,256
Current assets
Debtors	6	301		30,569
Cash at bank and on hand		955,387		938,654
		955,688		969,223
Creditors amounts falling due within one year	7	(14,293)		(909)
Net current assets (liabilities)			941,395		968,314
Total assets less current liabilities			959,839		1,002,570
Creditors amounts falling due after one year	8		-		(25,034)
Provisions for liabilities	9		-		(304)
Net assets			959,839		977,232
Capital and reserves
Called up share capital			100		100
Profit and loss account			959,739		977,132
Shareholders' funds			959,839		977,232

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2025, and are signed on its behalf by:

TOMALIN, Michael Herbert
Director
Registered Company No. 05518445

GAT DEVELOPMENTS (MIDLANDS) LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	33
	Fixtures and fittings	33
	Vehicles	25
	Office Equipment	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	54,575	20,067	5,222	3,272	83,136
At 31 March 25	54,575	20,067	5,222	3,272	83,136
Depreciation and impairment
At 01 April 24	54,230	19,068	5,011	3,015	81,324
Charge for year	345	999	211	257	1,812
At 31 March 25	54,575	20,067	5,222	3,272	83,136
Net book value
At 31 March 25	-	-	-	-	-
At 31 March 24	345	999	211	257	1,812

4.	Fixed asset investments

	Loans to groups¹	Total
	£	£
Cost or valuation
At 01 April 24	32,444	32,444
Disposals	(14,000)	(14,000)
At 31 March 25	18,444	18,444
Net book value
At 31 March 25	18,444	18,444
At 31 March 24	32,444	32,444

	Notes
	¹Loans to group undertakings and participating interests

5.	Stocks

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	-	30,276
Prepayments and accrued income	301	293
Total	301	30,569

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	9
Other creditors	13,873	-
Accrued liabilities and deferred income	420	900
Total	14,293	909


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	25,034
Total	-	25,034

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	-	304
Total	-	304