Company No: 04513499 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Lord Charles Cecil
	Viscount Cranborne
	M L V Esiri
	D H Horton-Fawkes
	W B Kendall
	The Most Hon The Marquess of Salisbury
	J E Mendonça

REGISTERED OFFICE	22 Charing Cross Road
	London
	WC2H 0HS
	United Kingdom

COMPANY NUMBER

04513499 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Old Library Chambers
	21 Chipper Lane
	Salisbury
	Wiltshire
	SP1 1BG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	71,015		94,765
		71,015		94,765
Current assets
Stocks		53,755		53,755
Debtors	4	724,952		780,441
Cash at bank and in hand		1,356,996		39,353
		2,135,703		873,549
Creditors: amounts falling due within one year	5	( 1,564,809)		( 920,368)
Net current assets/(liabilities)		570,894		(46,819)
Total assets less current liabilities		641,909		47,946
Provision for liabilities		( 5,810)		( 28,343)
Net assets		636,099		19,603
Capital and reserves
Called-up share capital		1		1
Profit and loss account		636,098		19,602
Total shareholder's funds		636,099		19,603

For the financial year ending 05 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Gascoyne Estates Limited (registered number: 04513499) were approved and authorised for issue by the Board of Directors on 12 December 2025. They were signed on its behalf by:

J E Mendonça Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gascoyne Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and registered in England and Wales. The address of the Company's registered office is 22 Charing Cross Road, London, WC2H 0HS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Gascoyne Estates Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Management and associated fees are recognised at the point the services are provided. Development fee income on projects is recognised based on the stage of completion at the year end.

Taxation

Current tax
The tax expense represents the sum of the tax currently payable and any deferred tax.

The current tax charge is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the statement of income and retained earnings because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates 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 where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occured at the balance sheet date.

Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities are not recognised if the timing difference arises from the intial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited to the statement of income and retained earnings.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	10 - 20 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	10 - 20 % reducing balance
Computer equipment	33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Stocks

Stock is valued at the lower of cost and net realisable value under the cost model. Cost is determined using the first in, first out (FIFO) method.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	41		40

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 06 April 2024	53,904		50,881		409,626		40,878		555,289
Additions	0		1,000		0		0		1,000
At 05 April 2025	53,904		51,881		409,626		40,878		556,289
Accumulated depreciation
At 06 April 2024	50,522		46,701		323,096		40,205		460,524
Charge for the financial year	1,633		1,180		21,567		370		24,750
At 05 April 2025	52,155		47,881		344,663		40,575		485,274
Net book value
At 05 April 2025	1,749		4,000		64,963		303		71,015
At 05 April 2024	3,382		4,180		86,530		673		94,765

4. Debtors

	2025		2024
	£		£
Trade debtors	33,619		138,090
Prepayments	165,982		87,684
Other debtors	525,351		554,667
	724,952		780,441

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	113,843		435,927
Accruals	80,578		295,876
Corporation tax	219,049		1,754
Other taxation and social security	884,175		116,105
Other creditors	267,164		70,706
	1,564,809		920,368