REGISTERED NUMBER: 03824484 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GT ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Tuckey

P Tuckey

G Tuckey

A Tuckey

SECRETARY:

G Tuckey

REGISTERED OFFICE:

8 James Close

Driffield

East Yorkshire

YO25 5AD

REGISTERED NUMBER:

03824484 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

13,856

49,349

Investments

5

188,497

188,497

Investment property

6

831,000

1,181,000

1,033,353

1,418,846

CURRENT ASSETS

Debtors

7

2,408

1,737

Cash at bank and in hand

459,163

214,049

461,571

215,786

CREDITORS

Amounts falling due within one year

8

36,551

169,306

NET CURRENT ASSETS

425,020

46,480

TOTAL ASSETS LESS CURRENT LIABILITIES

1,458,373

1,465,326

PROVISIONS FOR LIABILITIES

106,991

112,578

NET ASSETS

1,351,382

1,352,748

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,351,282

1,352,648

SHAREHOLDERS' FUNDS

1,351,382

1,352,748

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

G Tuckey - Director

1.	STATUTORY INFORMATION

GT Estates Limited is a private company limited by shares, incorporated and domiciled in England. It has its registered office and principal place of business at York House, 6 Main Street, Kilnwick, Driffield, YO25 9JD.

The principal activity of the company is property management.

The presentational currency of the financial statements is 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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accountancy is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

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

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

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 etc

-

25% on a reducing balance basis and 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments

Listed investments are measured at fair value, with changes in the fair value recognised in the profit and loss. Where fair value of other investments cannot be estimated reliably, investments are held at cost less any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

35,636

48,078

83,714

Additions

1,899

-

1,899

Disposals

-

(45,578

)

(45,578

)

At 31 March 2025

37,535

2,500

40,035

DEPRECIATION

At 1 April 2024

21,130

13,235

34,365

Charge for year

3,043

165

3,208

Eliminated on disposal

-

(11,394

)

(11,394

)

At 31 March 2025

24,173

2,006

26,179

NET BOOK VALUE

At 31 March 2025

13,362

494

13,856

At 31 March 2024

14,506

34,843

49,349

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

188,497

NET BOOK VALUE

At 31 March 2025

188,497

At 31 March 2024

188,497

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2024

1,181,000

Disposals

(350,000

)

At 31 March 2025

831,000

NET BOOK VALUE

At 31 March 2025

831,000

At 31 March 2024

1,181,000

Cost or valuation at 31 March 2025 is represented by:

£

Valuation in 2018

399,503

Valuation in 2024

781,497

Valuation in 2025

(350,000

)

831,000

The directors review investment properties annually and consider the valuation to be fairly stated.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

500

500

VAT

111

1,237

Prepayments

1,797

-

2,408

1,737

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

10,822

16,319

Directors' current accounts

18,888

149,401

Accrued expenses

6,841

3,586

36,551

169,306

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £18,888 (2024: £145,401). The loan is interest free and repayable on demand.