Registered number
07253893
Gillarsdale Ltd
Unaudited Filleted Accounts
For the Year Ended
31 December 2024
Gillarsdale Ltd
Registered number: 07253893
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 500,000 500,000
Current assets
Debtors 4 70,000 70,000
Cash at bank and in hand 13,433 4,494
83,433 74,494
Creditors: amounts falling due within one year 5 (465,005) (462,340)
Net current liabilities (381,572) (387,846)
Net assets 118,428 112,154
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 117,428 111,154
Shareholders' funds 118,428 112,154
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Maurice D Cotter
Director
Approved by the board on 10 September 2025
Gillarsdale Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 500,000
At 31 December 2024 500,000
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 500,000
At 31 December 2023 500,000
4 Debtors 2024 2023
£ £
Other debtors 70,000 70,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 173 -
Other creditors 464,832 462,340
465,005 462,340
6 Other information
Gillarsdale Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Lancashire House
Howards Lane
St Helens
Merseyside
WA10 5QB
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