| Geotrio Developments Ltd |
| Registered number: |
11423004 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
335,229 |
|
|
249,951 |
|
| Current assets |
| Cash at bank and in hand |
|
|
8,070 |
|
|
21,091 |
|
| Creditors: amounts falling due within one year |
5 |
|
(216,831) |
|
|
(220,042) |
|
| Net current liabilities |
|
|
|
(208,761) |
|
|
(198,951) |
|
| Total assets less current liabilities |
|
|
|
126,468 |
|
|
51,000 |
|
|
| Provisions for liabilities |
6 |
|
|
(20,012) |
|
|
- |
|
|
| Net assets |
|
|
|
106,456 |
|
|
51,000 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Fair value reserve |
7 |
|
|
60,037 |
|
|
- |
| Profit and loss account |
|
|
|
46,418 |
|
|
50,999 |
|
| Shareholders' funds |
|
|
|
106,456 |
|
|
51,000 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr T E Fenard |
| Director |
| Approved by the board on 11 November 2025 |
|
| Geotrio Developments Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
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). |
|
|
Turnover |
|
Turnover represents the total invoice value of rents and other property income due in the year falling within the company's ordinary activities. |
|
|
Tangible fixed assets |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold buildings |
Not depreciated |
|
|
Investment property |
|
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tax on Profit |
2025 |
|
2024 |
| £ |
£ |
|
|
Current tax: |
|
UK current tax expense |
- |
|
2,458 |
|
|
Deferred tax |
|
Origination and reversal of timing difference |
20,012 |
|
- |
|
|
|
|
|
|
|
20,012 |
|
2,458 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment Properties |
| £ |
|
Cost |
|
At 1 April 2024 |
249,951 |
|
Additions |
5,229 |
|
Gain on fair value adjustment |
80,049 |
|
At 31 March 2025 |
335,229 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
335,229 |
|
At 31 March 2024 |
249,951 |
|
|
|
|
|
|
|
|
|
|
|
Investment Properties: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
255,180 |
|
- |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
255,180 |
|
- |
|
The investment property has been revalued to fair value based on the directors’ assessment of the current property market. |
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
- |
|
2,458 |
|
Other creditors |
216,831 |
|
217,584 |
|
|
|
|
|
|
216,831 |
|
220,042 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Deferred Taxation |
2025 |
|
2024 |
| £ |
£ |
|
|
Included in Provisions |
20,012 |
|
- |
|
|
|
|
|
|
|
20,012 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Fair Value Reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
Gain on revaluation of investment property |
80,049 |
|
- |
|
Deferred taxation arising on the revaluation of investment property |
(20,012) |
|
- |
|
|
At 31 March 2025 |
60,037 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Included in other creditors is Directors' loans amounting to £214,731 (2024: £215,584). The loan have been provided by all directors of the Company, mainly to finance the acquisition of land and buildings. All Directors are equal shareholders of the company. |
|
|
| 9 |
Other information |
|
|
Geotrio Developments Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
4 Eskdale Close |
|
Cardiff |
|
CF23 5LF |