GANDESHA ESTATES INVESTMENTS LIMITED

Company Registration Number:
15224295 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 20 October 2023

End date: 31 October 2024

GANDESHA ESTATES INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

GANDESHA ESTATES INVESTMENTS LIMITED

Balance sheet

As at 31 October 2024


Notes
2024


£
Fixed assets
Tangible assets: 3 8,072
Investments: 4 3,370,000
Total fixed assets: 3,378,072
Current assets
Debtors:   202,956
Total current assets: 202,956
Creditors: amounts falling due within one year:   (3,106,275)
Net current assets (liabilities): (2,903,319)
Total assets less current liabilities: 474,753
Creditors: amounts falling due after more than one year:   (218,322)
Total net assets (liabilities): 256,431
Capital and reserves
Called up share capital: 100
Revaluation reserve:5654,964
Profit and loss account: (398,633)
Shareholders funds: 256,431

The notes form part of these financial statements

GANDESHA ESTATES INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: Hitesh Kumar Gandesha
Status: Director

The notes form part of these financial statements

GANDESHA ESTATES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents total rental income receivable for the year

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. Fixtures and fittings: 25% on reducing balance Improvements to property: Over period of 5 years

Other accounting policies

Investment property Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. 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 exGoing cpected 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. Going Concern The balance sheet at the year end recorded net current liabilities. However, the directors believe that sufficient financial resources are available to the company to enable it to continue trading for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

GANDESHA ESTATES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024
Average number of employees during the period 0

GANDESHA ESTATES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
Additions 8,455
At 31 October 2024 8,455
Depreciation
Charge for year 383
At 31 October 2024 383
Net book value
At 31 October 2024 8,072

GANDESHA ESTATES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Fixed investments

If investment property had not been revalued it would have been included at the following historical cost: Cost 2,496,714

GANDESHA ESTATES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Revaluation reserve

2024
£
Surplus or deficit after revaluation 654,964
Balance at 31 October 2024 654,964

GANDESHA ESTATES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Related party transactions

Name of the related party:
Relationship:
Group undertakings
Description of the Transaction: Cash injected by related companies and family members to help buy investment properties.
£
Balance at 31 October 2024 1,547,380
Name of the related party:
Relationship:
Group undertakings
Description of the Transaction: Related companies transactions
£
Balance at 31 October 2024 181,006