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GDRE Investments Limited
Notes to the financial statements
For the year ended 31 March 2025
GDRE Investments Limited is a private company limited by shares incorporated in England & Wales. The address of the registered office is 49 & 50 Windmill Street, Gravesend, Kent, DA12 1BG. The principal activity of the company is that of holding investment property for income and capital appreciation purposes.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The Company's functional currency is Pound Sterling and the financial statements are rounded to the nearest £1.
The following principal accounting policies have been applied:
Turnover of the company represents rent receivable in respect of residential properties under Assured Shorthold Tenancies (AST). Rents receivable under AST's are recognised on a straight line basis over the life of the lease.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
External valuations are performed on a periodic basis with the director's valuations performed in the intervening years.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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