GLADSTONE SOMMERS LIMITED


Directors	B H Gladstone
	C K Sommers


Registered Address	12a Marlborough Place
	Brighton
	BN1 1WN


Registered Number	09975243 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		6,259		3,852
Investment property	4		1,451,738		1,451,738
			1,457,997		1,455,590
Current assets
Debtors	5	671		583
Cash at bank and on hand		16,112		17,992
		16,783		18,575
Creditors amounts falling due within one year	6	(691,129)		(713,445)
Net current assets (liabilities)			(674,346)		(694,870)
Total assets less current liabilities			783,651		760,720
Creditors amounts falling due after one year	7		(628,336)		(628,336)
Net assets			155,315		132,384
Capital and reserves
Called up share capital			10		10
Profit and loss account			155,305		132,374
Shareholders' funds			155,315		132,384

The company was entitled to exemption from audit for this reporting period 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 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2025, and are signed on its behalf by:

C K Sommers
Director
Registered Company No. 09975243

GLADSTONE SOMMERS LIMITED

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	15
	Office Equipment	15

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 February 24	13,139	4,485	17,624
Additions	2,956	-	2,956
At 31 January 25	16,095	4,485	20,580
Depreciation and impairment
At 01 February 24	9,396	4,376	13,772
Charge for year	736	(187)	549
At 31 January 25	10,132	4,189	14,321
Net book value
At 31 January 25	5,963	296	6,259
At 31 January 24	3,743	109	3,852

4.	Investment property


		£
	Fair value at 01 February 24	1,451,738
	At 31 January 25	1,451,738

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	671	583
Total	671	583

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	858	858
Taxation and social security	4,593	6,399
Other creditors	685,678	706,188
Total	691,129	713,445

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	628,336	628,336
Total	628,336	628,336

8.	Directors advances, credits and guarantees
	At the year end the company owed the directors £685,678 (2024 : £706,187).