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Registered number: 10132430
GCGB Property Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10132430
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 285,000 285,000
Investments 5 80,000 80,000
365,000 365,000
CURRENT ASSETS
Debtors 6 234 207
Cash at bank and in hand 4,243 6,737
4,477 6,944
Creditors: Amounts Falling Due Within One Year 7 (93,523 ) (100,365 )
NET CURRENT ASSETS (LIABILITIES) (89,046 ) (93,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES 275,954 271,579
Creditors: Amounts Falling Due After More Than One Year 8 (160,845 ) (160,577 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,127 ) (17,127 )
NET ASSETS 97,982 93,875
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 108,205 108,205
Profit and Loss Account (10,225 ) (14,332 )
SHAREHOLDERS' FUNDS 97,982 93,875
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Geoffrey Challis
Director
10/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GCGB Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10132430 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties
£
Cost
As at 1 May 2024 285,000
As at 30 April 2025 285,000
Net Book Value
As at 30 April 2025 285,000
As at 1 May 2024 285,000
5. Investments
Unlisted
£
Cost or Valuation
As at 1 May 2024 80,000
As at 30 April 2025 80,000
Provision
As at 1 May 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 80,000
As at 1 May 2024 80,000
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 234 207
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors - 85
Directors' loan accounts 93,523 100,280
93,523 100,365
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 160,845 160,577
Page 4
Page 5
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
10. Reserves
Fair Value Reserve
£
As at 1 May 2024 108,205
As at 30 April 2025 108,205
11. Ultimate Controlling Party
There is no ultimate controlling party due to each shareholder owning equal proportons of the total issued share capital.
Page 5