IRIS Accounts Production v25.1.4.42 09343806 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093438062023-12-31093438062024-12-31093438062024-01-012024-12-31093438062022-12-31093438062023-01-012023-12-31093438062023-12-3109343806ns15:EnglandWales2024-01-012024-12-3109343806ns14:PoundSterling2024-01-012024-12-3109343806ns10:Director12024-01-012024-12-3109343806ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109343806ns10:SmallEntities2024-01-012024-12-3109343806ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109343806ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109343806ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109343806ns10:FullAccounts2024-01-012024-12-3109343806ns10:Director22024-01-012024-12-3109343806ns10:RegisteredOffice2024-01-012024-12-3109343806ns5:CurrentFinancialInstruments2024-12-3109343806ns5:CurrentFinancialInstruments2023-12-3109343806ns5:Non-currentFinancialInstruments2024-12-3109343806ns5:Non-currentFinancialInstruments2023-12-3109343806ns5:ShareCapital2024-12-3109343806ns5:ShareCapital2023-12-3109343806ns5:FurtherSpecificReserve3ComponentTotalEquity2024-12-3109343806ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3109343806ns5:RetainedEarningsAccumulatedLosses2024-12-3109343806ns5:RetainedEarningsAccumulatedLosses2023-12-3109343806ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109343806ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109343806ns5:Secured2024-12-3109343806ns5:Secured2023-12-3109343806ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-31
REGISTERED NUMBER: 09343806 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

G A MARTINDALE PROPERTIES LIMITED
G A MARTINDALE PROPERTIES LIMITED (REGISTERED NUMBER: 09343806)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G A MARTINDALE PROPERTIES LIMITED

Company Information
for the year ended 31 December 2024







Directors: P Martindale
G Martindale





Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN





Registered number: 09343806 (England and Wales)





Accountants: S&W Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN
Page 1
G A MARTINDALE PROPERTIES LIMITED (REGISTERED NUMBER: 09343806)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment property 5 1,500,000 1,500,000

Current assets
Debtors 6 4,251 1
Cash at bank 272,807 259,870
277,058 259,871
Creditors
Amounts falling due within one year 7 630,188 627,008
Net current liabilities (353,130 ) (367,137 )
Total assets less current liabilities 1,146,870 1,132,863

Creditors
Amounts falling due after more than one
year
8
(254,986
)
(307,057
)

Provisions for liabilities (63,000 ) (63,000 )
Net assets 828,884 762,806

Capital and reserves
Called up share capital 2 2
Fair value reserve 10 208,869 208,869
Retained earnings 620,013 553,935
Shareholders' funds 828,884 762,806

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 30 September 2025 and were signed on its behalf by:




P Martindale - Director


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

Page 2
G A MARTINDALE PROPERTIES LIMITED (REGISTERED NUMBER: 09343806)

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


1. Statutory information

G A Martindale 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
The company made a net profit for the period ended 31 December 2024 but at that date had net current liabilities of £353,130. The company is dependent, in the absence of other funding, on the continued financial support of Martindales Limited, a company controlled by director P Martindale. Martindales Limited has confirmed its commitment to provide the necessary support.

On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if Martindales Limited was not to provide further support.

Turnover
Turnover represents rents receivable for the period, net of value added tax. Rent receivable income is recognised equally over the term of the lease.

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.

Although this accounting policy is in accordance with FRS102 it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including other creditors and bank loans that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Page 3
G A MARTINDALE PROPERTIES LIMITED (REGISTERED NUMBER: 09343806)

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


3. Accounting policies - continued
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.

4. Employees and directors

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

5. Investment property
Total
£
Fair value
At 1 January 2024
and 31 December 2024 1,500,000
Net book value
At 31 December 2024 1,500,000
At 31 December 2023 1,500,000

Fair value at 31 December 2024 is represented by:
£
Valuation in 2023 271,869
Cost 1,228,131
1,500,000

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

2024 2023
£ £
Cost 1,228,131 1,228,131

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

Page 4
G A MARTINDALE PROPERTIES LIMITED (REGISTERED NUMBER: 09343806)

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


6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 4,250 -
Other debtors 1 1
4,251 1

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 52,072 49,764
Trade creditors 282 240
Taxation and social security 27,393 26,563
Other creditors 550,441 550,441
630,188 627,008

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 254,986 307,057

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 21,442 143,492

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 307,058 356,821

The company's bankers hold a fixed charge over all the assets of the company dated 20 January 2015 and a legal mortgage over the property owned by the company dated 20 April 2015.

10. Reserves
Fair value
reserve
£
At 1 January 2024
and 31 December 2024 208,869

Page 5