REGISTERED NUMBER: 03479955 (England and Wales)

GLADHOLD PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

T H Colman

Secretary:

S K M Creed

Registered office:

Adamsfield House

School Hill

Slindon

Arundel

BN18 0RA

Registered number:

03479955 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Investment property

4

570,000

570,000

Current assets

Debtors

5

19,029

6,419

Cash at bank

317,876

267,497

336,905

273,916

Creditors

Amounts falling due within one year

6

(25,005

)

(17,152

)

Net current assets

311,900

256,764

Total assets less current liabilities

881,900

826,764

Capital and reserves

Called up share capital

2

2

Retained earnings

881,898

826,762

881,900

826,764

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

T H Colman - Director

1.	Statutory information

Gladhold Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents the gross amount receivable for rent and services less any discounts or rebates.

Rental income is recognised on a straight line basis over the term of the relevant lease.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially

recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include deposits held at banks.

3.	Employees and directors

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

4.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

570,000

Net book value

At 31 December 2024

570,000

At 31 December 2023

570,000

The investment properties are reflected in the financial statements at fair value as at 31 December 2024, which is the market value as assessed by the directors on that date.

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

14,860

-

Other debtors

4,169

6,419

19,029

6,419

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Tax

16,601

9,841

Directors' current accounts

6,154

5,211

Accruals and deferred income

2,250

2,100

25,005

17,152

7.	Director's advances, credits and guarantees

At the balance sheet date, the company owed £6,154 (2023 - £5,221) to the director of the company.