REGISTERED NUMBER: 13819565 (England and Wales)

GUEST'SPROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

90

180

Investment property

5

2,260,167

821,227

2,260,257

821,407

CURRENT ASSETS

Debtors

6

56,457

79,140

Cash at bank

2,825

263,871

59,282

343,011

CREDITORS

Amounts falling due within one year

7

548,195

225,625

NET CURRENT (LIABILITIES)/ASSETS

(488,913

)

117,386

TOTAL ASSETS LESS CURRENT LIABILITIES

1,771,344

938,793

CREDITORS

Amounts falling due after more than one year

8

(1,346,433

)

(1,023,743

)

PROVISIONS FOR LIABILITIES

(142,557

)

-

NET ASSETS/(LIABILITIES)

282,354

(84,950

)

CAPITAL AND RESERVES

Called up share capital

101

101

Fair value reserve

10

427,604

-

Retained earnings

(145,351

)

(85,051

)

SHAREHOLDERS' FUNDS

282,354

(84,950

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr W T Guest - Director

1.	STATUTORY INFORMATION

Guest'Sproperty Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13819565

Registered office:

7-8 Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinions, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is measured at the fair value of rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

360

DEPRECIATION

At 1 January 2024

180

Charge for year

90

At 31 December 2024

270

NET BOOK VALUE

At 31 December 2024

90

At 31 December 2023

180

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

821,227

Additions

868,801

Revaluations

570,139

At 31 December 2024

2,260,167

NET BOOK VALUE

At 31 December 2024

2,260,167

At 31 December 2023

821,227

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

570,139

Cost

1,690,028

2,260,167

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

1,690,028

821,227

Investment property was valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

56,457

79,140

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

-

(3,000

)

Other creditors

548,195

228,625

548,195

225,625

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

1,346,433

1,023,743

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

719,484

604,294

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

719,484

604,294

Other loans are secured over the company's assets.

10.

RESERVES

Fair

value

reserve

£

Fair value movements

570,139

Deferred tax on revaluations

(142,535

)

At 31 December 2024

427,604

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the directors' were owed £489,249 (2023: £216,622).

M Guest Ltd

A company controlled by the same directors'.

At the balance sheet date, the company was owed £626,949 (2023: £419,449).