REGISTERED NUMBER: 04360643 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GILLBE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I S Gillbe

SECRETARY:

J B M Smith

REGISTERED OFFICE:

178-180 Hotwell Road

Bristol

BS8 4RP

REGISTERED NUMBER:

04360643 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

93,226

93,226

93,226

93,226

CURRENT ASSETS

Debtors

6

3,600

2,730

Cash at bank

4,432

7,206

8,032

9,936

CREDITORS

Amounts falling due within one year

7

29,664

29,664

NET CURRENT LIABILITIES

(21,632

)

(19,728

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,594

73,498

PROVISIONS FOR LIABILITIES

8

9,805

9,783

NET ASSETS

61,789

63,715

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

61,788

63,714

SHAREHOLDERS' FUNDS

61,789

63,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

I S Gillbe - Director

1.	STATUTORY INFORMATION

Gillbe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

at varying rates on cost

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

19,731

DEPRECIATION

At 1 April 2024

and 31 March 2025

19,731

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

93,226

NET BOOK VALUE

At 31 March 2025

93,226

At 31 March 2024

93,226

Fair value at 31 March 2025 is represented by:

£

Valuation in 2015

41,088

Valuation in 2016

61,242

Valuation in 2017

11,370

Valuation in 2018

(3,411

)

Valuation in 2019

(4,189

)

Valuation in 2020

(12,874

)

93,226

A professional valuation of the land held by the company has not been carried out. However, the director has valued the land at the year end based on the average price per acre of farmland in the area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

3,600

2,730

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

29,664

29,664

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Other timing differences

9,805

9,783

Deferred

tax

£

Balance at 1 April 2024

9,783

Accelerated capital allowances

22

Other timing differences

Balance at 31 March 2025

9,805

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

10.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £3,230 (2024: £2,730) from Clifton (1), an associated company by nature of the director being a majority shareholder.

The director maintains an interest free loan account with the company. At the balance sheet date, the company owed the director £28,314 (2024: £28,314).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be I S Gillbe, the director and shareholder of the company.