| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| FOR |
| GAIL 1 LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| FOR |
| GAIL 1 LIMITED |
| GAIL 1 LIMITED (REGISTERED NUMBER: 08450575) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31ST MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GAIL 1 LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31ST MARCH 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 13 Hursley Road |
| Chandlers Ford |
| Eastleigh |
| Hampshire |
| SO53 2FW |
| GAIL 1 LIMITED (REGISTERED NUMBER: 08450575) |
| BALANCE SHEET |
| 31ST MARCH 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| GAIL 1 LIMITED (REGISTERED NUMBER: 08450575) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31ST MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Gail 1 Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents income derived from the company's principal activity and is stated net of value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st April 2024 |
| and 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| and 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2024 |
| Revaluations | (5,000 | ) |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| GAIL 1 LIMITED (REGISTERED NUMBER: 08450575) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31ST MARCH 2025 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 31st March 2025 is represented by: |
| £ |
| Valuation in 2015 | 140,583 |
| Valuation in 2016 | 75,000 |
| Valuation in 2018 | 47,174 |
| Valuation in 2020 | 95,000 |
| Valuation in 2021 | 5,000 |
| Valuation in 2022 | 150,000 |
| Valuation in 2023 | 10,000 |
| Valuation in 2024 | (195,000 | ) |
| Valuation in 2025 | (5,000 | ) |
| Cost | 667,243 |
| 990,000 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Cost | 667,243 | 667,243 |
| Aggregate depreciation | (134,168 | ) | (120,824 | ) |
| The investment properties were valued on an open market basis basis on 31st March 2024 by the director of the company . |
| 6. | DEBTORS |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by associates |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to associates | 21,737 | 21,737 |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans |
| Amounts owed to associates | 205,670 | 524,957 |
| Other creditors |
| GAIL 1 LIMITED (REGISTERED NUMBER: 08450575) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31ST MARCH 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 513,000 | - |
| Other loans more 5yrs instal | 522 | 3,654 |
| 513,522 | 3,654 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans |
| The Bank of Cyprus holds a charge over two of the companies investment properties. |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st April 2024 |
| Property valuation | (3,750 | ) |
| At 31st March 2025 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is S L Evans. |