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Registration number: 10764843

Garonica Property Development Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025

Garonica Property Development Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 5

Garonica Property Development Ltd

Company Information

Directors | Mr Gary Mathieson Ms Monica Adina Mathieson

Registered office | 1 Market Hill Calne Wiltshire SN11 0BT

Garonica Property Development Ltd

(Registration number: 10764843)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 2 | 109 | -
Investment property | 3 | 1,247,000 | 1,224,000
|  | 1,247,109 | 1,224,000
Current assets |  |  |
Debtors | 4 | 37 | 35
Cash at bank and in hand |  | 1,505 | 3,225
|  | 1,542 | 3,260
Creditors: Amounts falling due within one year | 5 | (2,484) | (8,817)
Net current liabilities |  | (942) | (5,557)
Total assets less current liabilities |  | 1,246,167 | 1,218,443
Creditors: Amounts falling due after more than one year | 5 | (948,290) | (949,601)
Provisions for liabilities |  | (61,660) | (57,290)
Net assets |  | 236,217 | 211,552
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Revaluation reserve |  | 262,865 | 244,235
Retained earnings |  | (27,648) | (33,683)
Shareholders' funds |  | 236,217 | 211,552

For the financial year ending 30 April 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 3 October 2025 and signed on its behalf by:

Garonica Property Development Ltd

(Registration number: 10764843)
Balance Sheet as at 30 April 2025 (continued)

......................................... Mr Gary Mathieson Director

Garonica Property Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

2 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 May 2024 | 250 | 250
Additions | 145 | 145
At 30 April 2025 | 395 | 395
Depreciation
At 1 May 2024 | 250 | 250
Charge for the year | 36 | 36
At 30 April 2025 | 286 | 286
Carrying amount
At 30 April 2025 | 109 | 109

3 | Investment properties

| 2025 £
At 1 May | 1,224,000
Fair value adjustments | 23,000
At 30 April | 1,247,000

The fair value of the property has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated.

4 | Debtors

Garonica Property Development Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

4 | Debtors (continued)

| 2025 £ | 2024 £
Trade debtors | (6,500) | (6,500)
Prepayments | 37 | 35
Other debtors | 6,500 | 6,500
| 37 | 35

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 1,085 | 1,085
Other creditors | 1,399 | 7,732
| 2,484 | 8,817

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 629,634 | 630,945
Other non-current financial liabilities |  | 318,656 | 318,656
|  | 948,290 | 949,601