G & M Property Development Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05653726

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		748,948		767,611

			748,948		767,611
CURRENT ASSETS
Debtors	5	902		302
Cash at bank and in hand		4,628		1,930

		5,530		2,232
Creditors: Amounts Falling Due Within One Year	6	(921,314 )		(913,552 )

NET CURRENT ASSETS (LIABILITIES)			(915,784 )		(911,320 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(166,836 )		(143,709 )

NET LIABILITIES			(166,836 )		(143,709 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Revaluation reserve	8		94,441		94,441
Profit and Loss Account			(261,279 )		(238,152 )

SHAREHOLDERS' FUNDS			(166,836)		(143,709)

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G & M Property Development Ltd.

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Garry Martin

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

G & M Property Development Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 05653726 . The registered office is 10 Cavalry Fields, Weedon, Northampton, Northants, NN7 4TG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The Directors have invested in a number of strategies which will yield a profit in 2026, once set up is completed.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Plant & Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	1	1
Manufacturing	1	1

	2	2

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G & M Property Development Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 January 2024	743,696	101,004	7,702	20,949
Additions	10,167	2,281	-	2,069
Disposals	-	-	-	(325 )
Revaluation	(25,000 )	-	-	-

As at 31 December 2024	728,863	103,285	7,702	22,693

Depreciation
As at 1 January 2024	-	77,089	7,702	20,949
Provided during the period	-	8,065	-	115
Disposals	-	-	-	(325 )

As at 31 December 2024	-	85,154	7,702	20,739

Net Book Value
As at 31 December 2024	728,863	18,131	-	1,954

As at 1 January 2024	743,696	23,915	-	-


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 January 2024	405	873,756
Additions	325	14,842
Disposals	-	(325 )
Revaluation	-	(25,000 )

As at 31 December 2024	730	863,273

Depreciation
As at 1 January 2024	405	106,145
Provided during the period	325	8,505
Disposals	-	(325 )

As at 31 December 2024	730	114,325

Net Book Value
As at 31 December 2024	-	748,948

As at 1 January 2024	-	767,611

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G & M Property Development Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	600	-
Prepayments and accrued income	300	300
Other taxes and social security	2	2

	902	302

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	198	1,502
Net wages	-	2
Other creditors	272	891
Accruals and deferred income	3,138	1,875
Directors' loan accounts	917,706	909,282

	921,314	913,552

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

8. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	94,441

As at 31 December 2024	94,441

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