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Company Registration No. 09360209 (England and Wales)
GYLFE PROPERTIES LTD Unaudited accounts for the year ended 31 December 2024
GYLFE PROPERTIES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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GYLFE PROPERTIES LTD Company Information for the year ended 31 December 2024
Directors
Mr B Gylfe Mrs S Gylfe
Company Number
09360209 (England and Wales)
Registered Office
BEECH HOUSE 23 LADIES LANE HINDLEY WIGAN LANCASHIRE WN2 2QA ENGLAND
Accountants
P A Hull & Co Beech House 23 Ladies Lane Hindley, Wigan Lancashire WN2 2QA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GYLFE PROPERTIES LTD for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GYLFE PROPERTIES LTD for the year ended 31 December 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of GYLFE PROPERTIES LTD, as a body, in accordance with the terms of our engagement letter dated 16 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of GYLFE PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of GYLFE PROPERTIES LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GYLFE PROPERTIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GYLFE PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of GYLFE PROPERTIES LTD. You consider that GYLFE PROPERTIES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GYLFE PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
P A Hull & Co Chartered Accountants Beech House 23 Ladies Lane Hindley, Wigan Lancashire WN2 2QA 16 September 2025
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GYLFE PROPERTIES LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
390,252 
396,919 
Current assets
Debtors
5
- 
100 
Cash at bank and in hand
1,942 
925 
1,942 
1,025 
Creditors: amounts falling due within one year
6
(85,238)
(86,199)
Net current liabilities
(83,296)
(85,174)
Total assets less current liabilities
306,956 
311,745 
Creditors: amounts falling due after more than one year
7
(177,318)
(82,771)
Provisions for liabilities
Deferred tax
(15,862)
- 
Net assets
113,776 
228,974 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
113,676 
228,874 
Shareholders' funds
113,776 
228,974 
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 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 of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Mr B Gylfe Director Company Registration No. 09360209
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GYLFE PROPERTIES LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
GYLFE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 09360209. The registered office is BEECH HOUSE 23 LADIES LANE, HINDLEY, WIGAN, LANCASHIRE, WN2 2QA, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
33% WDV
Fixtures & fittings
2% straight line
Going concern
The accounts have been prepared on the going concern basis. The directors have confirmed that they will not require repayment of monies owed to them until the company is in a position comfortably to afford these.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
346,313 
1,840 
100,671 
448,824 
Additions
- 
198 
- 
198 
At 31 December 2024
346,313 
2,038 
100,671 
449,022 
Depreciation
At 1 January 2024
34,931 
1,324 
15,650 
51,905 
Charge for the year
4,613 
238 
2,014 
6,865 
At 31 December 2024
39,544 
1,562 
17,664 
58,770 
Net book value
At 31 December 2024
306,769 
476 
83,007 
390,252 
At 31 December 2023
311,382 
516 
85,021 
396,919 
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GYLFE PROPERTIES LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,428 
6,698 
Taxes and social security
- 
(142)
Other creditors
- 
(1,182)
Loans from directors
77,470 
77,400 
Accruals
3,340 
3,260 
Deferred income
- 
165 
85,238 
86,199 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
177,318 
82,771 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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