G & L PROPERTIES (CUMBRIA) LIMITED

Registered Number
06031950
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Company Information
for the year from 1 January 2024 to 31 December 2024


Directors	FLEET, Lee
	MCPHEE, Greg


Company Secretary	FLEET, Lee


Registered Address	Black How Farm
	Black How
	Seascale
	CA20 1LQ


Registered Number	06031950 (England and Wales)

G & L PROPERTIES (CUMBRIA) LIMITED

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	3		71,000		71,000
			71,000		71,000
Current assets
Cash at bank and on hand		74		14
		74		14
Creditors amounts falling due within one year	4	(26,491)		(24,461)
Net current assets (liabilities)			(26,417)		(24,447)
Total assets less current liabilities			44,583		46,553
Creditors amounts falling due after one year	5		(26,509)		(29,293)
Net assets			18,074		17,260
Capital and reserves
Called up share capital			100		100
Profit and loss account			17,974		17,160
Shareholders' funds			18,074		17,260

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 14 August 2025, and are signed on its behalf by:

FLEET, Lee
Director
Registered Company No. 06031950

G & L PROPERTIES (CUMBRIA) LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Investment property


		£
	Fair value at 01 January 24	71,000
	At 31 December 24	71,000

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Bank borrowings and overdrafts	2,900	2,900
Taxation and social security	191	154
Other creditors	23,015	20,971
Accrued liabilities and deferred income	385	436
Total	26,491	24,461

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	26,509	29,293
Total	26,509	29,293