Company No: 15228397 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mark Andrew Gelsthorpe
	Russell Andrew Gelsthorpe

REGISTERED OFFICE	40 Chestnut Drive Holme-On-Spalding-Moor
	York
	YO43 4HW
	United Kingdom

COMPANY NUMBER

15228397 (England and Wales)

ACCOUNTANT	Ian Walker & Co
	Wellington House
	York
	YO30 4UZ
	United Kingdom

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	42,856		0
		42,856		0
Current assets
Stocks	4	300		0
Debtors	5	1,995		100
Cash at bank and in hand	6	18,510		0
		20,805		100
Creditors: amounts falling due within one year	7	( 67,918)		0
Net current (liabilities)/assets		(47,113)		100
Total assets less current liabilities		(4,257)		100
Net (liabilities)/assets		( 4,257)		100
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		( 4,357 )		0
Total shareholders' (deficit)/funds		( 4,257)		100

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 financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Gelsthorpe Development Limited (registered number: 15228397) were approved and authorised for issue by the Board of Directors on 18 July 2025. They were signed on its behalf by:

Russell Andrew Gelsthorpe Director

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 period, unless otherwise stated.

General information and basis of accounting

Gelsthorpe Development 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 40 Chestnut Drive Holme-On-Spalding-Moor, York, YO43 4HW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	Year ended 31.03.2025		Period from 23.10.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		2

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 April 2024	0		0		0
Additions	11,280		42,040		53,320
At 31 March 2025	11,280		42,040		53,320
Accumulated depreciation
At 01 April 2024	0		0		0
Charge for the financial year	2,771		7,693		10,464
At 31 March 2025	2,771		7,693		10,464
Net book value
At 31 March 2025	8,509		34,347		42,856
At 31 March 2024	0		0		0

4. Stocks

	31.03.2025		31.03.2024
	£		£
Stocks	300		0

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

	31.03.2025		31.03.2024
	£		£
Other debtors	1,995		100

6. Cash and cash equivalents

	31.03.2025		31.03.2024
	£		£
Cash at bank and in hand	18,510		0

7. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Trade creditors	16,912		0
Other taxation and social security	1,698		0
Other creditors	49,308		0
	67,918		0

8. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100