Registration number: 10764843

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