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Registered number: 00764503
Gardedge Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Xeinadin South Essex Limited
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 00764503
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 280,000 280,000
280,000 280,000
CURRENT ASSETS
Debtors 6 - 1,305
Cash at bank and in hand 26,986 31,673
26,986 32,978
Creditors: Amounts Falling Due Within One Year 7 (17,286 ) (20,039 )
NET CURRENT ASSETS (LIABILITIES) 9,700 12,939
TOTAL ASSETS LESS CURRENT LIABILITIES 289,700 292,939
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,595 ) (41,595 )
NET ASSETS 248,105 251,344
CAPITAL AND RESERVES
Called up share capital 8 60 60
Capital redemption reserve 262,419 262,419
Income Statement (14,374 ) (11,135 )
SHAREHOLDERS' FUNDS 248,105 251,344
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income Statement.
On behalf of the board
Miss Karen Martin
Director
03/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gardedge Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00764503 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
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:
Computer Equipment 33% on cost
2.4. Investment Properties
All investment properties are 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 for. Changes in fair value are recognised in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
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Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 458
As at 31 March 2025 458
Depreciation
As at 1 April 2024 458
As at 31 March 2025 458
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 280,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 1,305
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Amounts owed to participating interests 16,086 16,903
Other creditors 1,200 3,136
17,286 20,039
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 60 60
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