Registration number:
GSD Property Holdings Ltd
for the Year Ended 31 March 2025
GSD Property Holdings Ltd
Contents
|
Company Information |
|
|
Directors' Report |
|
|
Accountants' Report |
|
|
Profit and Loss Account |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
|
|
Detailed Profit and Loss Account |
GSD Property Holdings Ltd
Company Information
|
Directors |
Mr G Dabbs Mrs S Dabbs |
|
Registered office |
|
|
Accountants |
|
GSD Property Holdings Ltd
Directors' Report for the Year Ended 31 March 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is rental of property
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
|
......................................... |
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
GSD Property Holdings Ltd
for the Year Ended 31 March 2025
It is your duty to ensure that GSD Property Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GSD Property Holdings Ltd. You consider that GSD Property Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GSD Property Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
37 High Street
Tewkesbury
Gloucestershire
GL20 5BB
GSD Property Holdings Ltd
Profit and Loss Account for the Year Ended 31 March 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating profit |
10,530 |
5,625 |
|
|
Interest payable and similar expenses |
( |
( |
|
|
Profit before tax |
|
|
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
GSD Property Holdings Ltd
(Registration number: 12521945)
Balance Sheet as at 31 March 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Debtors |
|
- |
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
2 |
2 |
|
|
Retained earnings |
(1,323) |
(4,243) |
|
|
Shareholders' deficit |
(1,321) |
(4,241) |
For the financial 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.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
GSD Property Holdings Ltd
(Registration number: 12521945)
Balance Sheet as at 31 March 2025
|
......................................... |
|
......................................... |
GSD Property Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
GSD Property Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Freehold property |
NIL |
|
Fixtures and fittings |
15% Reducing balance |
|
Computer equipment |
33.33% Reducing balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
GSD Property Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Total |
|
|
Cost or valuation |
|||
|
At 1 April 2024 |
|
|
|
|
At 31 March 2025 |
|
|
|
|
Depreciation |
|||
|
At 1 April 2024 |
- |
|
|
|
Charge for the year |
- |
|
|
|
At 31 March 2025 |
- |
|
|
|
Carrying amount |
|||
|
At 31 March 2025 |
|
|
|
|
At 31 March 2024 |
|
|
|
Included within the net book value of land and buildings above is £231,276 (2024 - £231,276) in respect of freehold land and buildings.
|
Debtors |
|
Current |
2025 |
2024 |
|
Other debtors |
|
- |
|
|
- |
GSD Property Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
|
Creditors |
Creditors: amounts falling due within one year
|
2025 |
2024 |
|
|
Due within one year |
||
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
Note |
2025 |
2024 |
|
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
2 |
|
2 |
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Bank borrowings |
|
|
GSD Property Holdings Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2025
|
2025 |
2024 |
|
|
turnover (analysed below) |
16,820 |
13,440 |
|
Cost of sales (analysed below) |
(3,632) |
(4,462) |
|
Gross profit |
13,188 |
8,978 |
|
Gross profit (%) |
78.41% |
66.8% |
|
Administrative expenses |
||
|
Establishment costs (analysed below) |
(1,842) |
(2,149) |
|
General administrative expenses (analysed below) |
(554) |
(882) |
|
Finance charges (analysed below) |
(93) |
(84) |
|
Depreciation costs (analysed below) |
(169) |
(238) |
|
(2,658) |
(3,353) |
|
|
Operating profit |
10,530 |
5,625 |
|
Interest payable and similar charges (analysed below) |
(7,610) |
(4,190) |
|
Profit before tax |
2,920 |
1,435 |
GSD Property Holdings Ltd
Detailed Profit and Loss Account for the Year Ended 31 March 2025
|
2025 |
2024 |
|
Turnover |
||
|
Rental income from investment property |
16,820 |
13,440 |
|
Cost of sales |
||
|
Direct costs |
(3,632) |
(4,462) |
|
Establishment costs |
||
|
Insurance |
(295) |
(250) |
|
Repairs and maintenance |
(1,547) |
(1,899) |
|
(1,842) |
(2,149) |
|
General administrative expenses |
||
|
Sundry expenses |
(44) |
(23) |
|
Accountancy fees |
(510) |
(480) |
|
Legal and professional fees |
- |
(379) |
|
(554) |
(882) |
|
Finance charges |
||
|
Bank charges |
(93) |
(84) |
|
Depreciation costs |
||
|
Depreciation of fixtures and fittings (owned) |
(45) |
(53) |
|
Depreciation of office equipment (owned) |
(124) |
(185) |
|
(169) |
(238) |
|
Interest payable and similar expenses |
||
|
Bank loan interest payable |
(7,610) |
(4,190) |