Company Registration No. 11843807 (England and Wales)
Geothel Properties Ltd
Unaudited accounts
for the year ended 31 March 2025
Geothel Properties Ltd
Unaudited accounts
Contents
Geothel Properties Ltd
Company Information
for the year ended 31 March 2025
Company Number
11843807 (England and Wales)
Registered Office
75 BURCOT AVENUE
WOLVERHAMPTON
WV1 2SB
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Geothel Properties Ltd
Statement of financial position
as at 31 March 2025
Investment property
800,000
766,517
Cash at bank and in hand
897
4,460
Creditors: amounts falling due within one year
(132,542)
(156,622)
Net current liabilities
(131,645)
(152,162)
Total assets less current liabilities
668,355
614,355
Creditors: amounts falling due after more than one year
(563,550)
(538,814)
Provisions for liabilities
Deferred tax
(15,022)
(10,692)
Called up share capital
100
100
Revaluation reserve
53,774
53,774
Profit and loss account
35,909
10,975
Shareholders' funds
89,783
64,849
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2025 and were signed on its behalf by
Peter Cadogan
Director
Company Registration No. 11843807
Geothel Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
Geothel Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11843807. The registered office is 75 BURCOT AVENUE, WOLVERHAMPTON, WV1 2SB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
766,517
Net gain from fair value adjustments
33,483
Geothel Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,000
5,476
Other creditors
14,818
23,797
Loans from directors
113,185
126,810
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
563,550
538,814
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).