Garvey Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02246266 (England and Wales)

GARVEY INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Garvey

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

02246266 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

390

487

Investment property

5

840,000

840,390

840,487

CURRENT ASSETS

Debtors

6

99,280

33,725

Cash at bank

147,956

213,092

247,236

246,817

CREDITORS

Amounts falling due within one year

7

5,970

2,677

NET CURRENT ASSETS

241,266

244,140

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,081,656

1,084,627

PROVISIONS FOR LIABILITIES

8

104,300

NET ASSETS

977,356

980,327

CAPITAL AND RESERVES

Called up share capital

9

4,000

Fair value reserve

10

631,173

Retained earnings

10

342,183

345,154

SHAREHOLDERS' FUNDS

977,356

980,327

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 29 December 2025 and were signed by:

Mr P J Garvey - Director

1.	STATUTORY INFORMATION

Garvey Investments 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.

Turnover

Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

609

DEPRECIATION

At 1 April 2024

122

Charge for year

97

At 31 March 2025

219

NET BOOK VALUE

At 31 March 2025

390

At 31 March 2024

487

The freehold property was valued by the directors at market value as at 31 March 2016.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

840,000

NET BOOK VALUE

At 31 March 2025

840,000

At 31 March 2024

840,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

638,331

Valuation in 2018

90,000

Cost

111,669

840,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

1,135

1,520

Accrued income

2,300

Loan to Ian Fellows

13,288

Loan to M Garvey

15,000

Directors' current accounts

65,709

-

Prepayments

1,848

1,617

99,280

33,725

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Tax

3,025

-

Social security and other taxes

425

310

Directors' current accounts

-

57

Accruals and deferred income

2,520

2,310

5,970

2,677

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

104,300

Deferred

tax

£

Balance at 1 April 2024

104,300

Balance at 31 March 2025

104,300

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,000

Ordinary

£1

1,000

3,000

'B'

Ordinary

£1

3,000

4,000

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

345,154

631,173

976,327

Profit for the year

22,029

Dividends

(25,000

)

(25,000

)

At 31 March 2025

342,183

631,173

973,356

11.	CONTROLLING PARTY

The controlling party is Mr P J Garvey.