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Company Registration No. 10836251 (England and Wales)
Jon Gauld Residential Lets Ltd Unaudited accounts for the year ended 31 March 2025
Jon Gauld Residential Lets Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Jon Gauld Residential Lets Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
13,607
2,139
Investment property
5
12,840,000
12,840,000
12,853,607
12,842,139
Current assets
Debtors
6
3,244,355
3,486,302
Investments
7
25,000
25,000
Cash at bank and in hand
171,821
130,912
3,441,176
3,642,214
Creditors: amounts falling due within one year
8
(1,035,067)
(1,232,014)
Net current assets
2,406,109
2,410,200
Total assets less current liabilities
15,259,716
15,252,339
Creditors: amounts falling due after more than one year
9
(4,839,764)
(5,105,072)
Provisions for liabilities
Deferred tax
(208,846)
(208,846)
Net assets
10,211,106
9,938,421
Capital and reserves
Called up share capital
7,749,023
7,749,023
Profit and loss account
2,462,083
2,189,398
Shareholders' funds
10,211,106
9,938,421
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by
Jonathan Gauld Director Company Registration No. 10836251
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Jon Gauld Residential Lets Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Jon Gauld Residential Lets Ltd is a private company, limited by shares, registered in England and Wales, registration number 10836251. The registered office is Unit 17 The Foundry Business Park, Seager Road, Faversham, ME13 7FD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Reducing Balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Jon Gauld Residential Lets Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
166,742
12,005
178,747
Additions
16,003
-
16,003
At 31 March 2025
182,745
12,005
194,750
Depreciation
At 1 April 2024
166,742
9,866
176,608
Charge for the year
4,001
534
4,535
At 31 March 2025
170,743
10,400
181,143
Net book value
At 31 March 2025
12,002
1,605
13,607
At 31 March 2024
-
2,139
2,139
5
Investment property
2025
£
Fair value at 1 April 2024
12,840,000
At 31 March 2025
12,840,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
13,872
16,325
Other debtors
3,230,483
3,469,977
3,244,355
3,486,302
7
Investments held as current assets
2025
2024
£
£
Unlisted investments
25,000
25,000
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,605
22,846
Taxes and social security
90,642
37,121
Other creditors
941,820
1,172,047
1,035,067
1,232,014
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
4,839,764
5,105,072
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Jon Gauld Residential Lets Ltd Notes to the Accounts for the year ended 31 March 2025
10
Average number of employees
During the year the average number of employees was 7 (2024: 7).
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