Registration number: 09696064

Gables Homes Property Management Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Gables Homes Property Management Limited

Company Information

Directors

E W J Barrett E M C Barrett

Registered office

Armour House Colthrop Lane Thatcham Berkshire RG19 4PD

Gables Homes Property Management Limited

(Registration number: 09696064)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	31 December 2023 £
Fixed assets
Tangible assets	4	3,051	3,051
Current assets
Debtors	5	23,912	19,144
Cash at bank and in hand		47,009	46,738
		70,921	65,882
Creditors: Amounts falling due within one year	6	(46,729)	(42,473)
Net current assets		24,192	23,409
Net assets		27,243	26,460
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		26,243	25,460
Shareholders' funds		27,243	26,460

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:
 

E W J Barrett Director

Gables Homes Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is Armour House, Colthrop Lane, Thatcham, Berkshire, RG19 4PD, United Kingdom.

2	Accounting policies

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

Going concern

The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis in therefore deemed appropriate.

Turnover

Revenue (described as Turnover) represents the fair value of the consideration received or receivable for services. Revenue is recognised on completion of services having regard to the fulfilment of contractual obligations.

Tax

Tax on profit represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

Tangible assets

Tangible fixed assets comprise freehold interests in land which are stated at cost.

Page 3

Gables Homes Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services provided.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are paid.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Gables Homes Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Freehold property £
Cost
At 1 January 2024	3,051
At 31 December 2024	3,051
Carrying amount
At 31 December 2024	3,051
At 31 December 2023	3,051

5

Debtors

Current	31 December 2024 £	31 December 2023 £
Trade debtors	424	-
Amounts owed by group undertakings	4,900	1,928
Other debtors	18,588	17,216
	23,912	19,144

6

Creditors

Creditors: amounts falling due within one year

	31 December 2024 £	31 December 2023 £
Due within one year
Trade creditors	-	3,106
Amounts owed to group undertakings	2,858	1,008
Taxation and social security	1,357	1,850
Accruals and deferred income	11,385	10,770
Other creditors	31,129	25,739
	46,729	42,473

Gables Homes Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7	Contingent liabilities

Parent company guarantee

The company has a group contingent liability in respect of a statutory guarantee given by its parent undertaking to guarantee all outstanding liabilities of audit exempt subsidiary undertakings at 31 December 2024.

8	Parent and ultimate parent undertaking

The company's immediate parent is Colthrop Holdings Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is Colthrop Holdings Limited. These financial statements are available upon request from the registered office.