REGISTERED NUMBER: 04350947 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Gemstone Properties Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

546,000

624,000

Property, plant and equipment

5

1,250,028

1,303,618

1,796,028

1,927,618

CURRENT ASSETS

Debtors

6

4,543

-

Cash at bank and in hand

62,922

63,114

67,465

63,114

CREDITORS

Amounts falling due within one year

7

185,743

108,862

NET CURRENT LIABILITIES

(118,278

)

(45,748

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,677,750

1,881,870

CREDITORS

Amounts falling due after more than one year

8

976,125

1,400,133

NET ASSETS

701,625

481,737

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

701,624

481,736

SHAREHOLDERS' FUNDS

701,625

481,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

Mr Bhupinder Singh Chana - Director

1.	STATUTORY INFORMATION

Gemstone Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04350947

Registered office:

The Grange

122 Crowstone Road

Westcliff-On-Sea

Essex

SS0 8LQ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 expected 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

895,000

AMORTISATION

At 1 February 2024

271,000

Charge for year

78,000

At 31 January 2025

349,000

NET BOOK VALUE

At 31 January 2025

546,000

At 31 January 2024

624,000

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

1,079,470

189,340

119,417

Additions

-

-

2,840

At 31 January 2025

1,079,470

189,340

122,257

DEPRECIATION

At 1 February 2024

-

82,836

68,325

Charge for year

-

26,626

13,483

At 31 January 2025

-

109,462

81,808

NET BOOK VALUE

At 31 January 2025

1,079,470

79,878

40,449

At 31 January 2024

1,079,470

106,504

51,092

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

99,000

4,657

1,491,884

Additions

-

423

3,263

At 31 January 2025

99,000

5,080

1,495,147

DEPRECIATION

At 1 February 2024

34,969

2,136

188,266

Charge for year

16,008

736

56,853

At 31 January 2025

50,977

2,872

245,119

NET BOOK VALUE

At 31 January 2025

48,023

2,208

1,250,028

At 31 January 2024

64,031

2,521

1,303,618

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

4,543

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

-

46

Trade creditors

10,815

11,246

Taxation and social security

162,993

91,675

Other creditors

11,935

5,895

185,743

108,862

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

136,186

427,362

Other creditors

839,939

972,771

976,125

1,400,133