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Company Registration No. 09243938 (England and Wales)
GB Real Estate Ltd Unaudited accounts for the year ended 31 March 2025
GB Real Estate Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
GB Real Estate Ltd Company Information for the year ended 31 March 2025
Director
Aldo Desmily
Company Number
09243938 (England and Wales)
Registered Office
36 Fairlight Avenue London London E4 6PA United Kingdom
- 3 -
GB Real Estate Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,784 
1,784 
Investment property
6
344,136 
344,136 
345,920 
345,920 
Current assets
Debtors
7
28,695 
27,311 
Cash at bank and in hand
7 
53 
28,702 
27,364 
Creditors: amounts falling due within one year
8
(309,861)
(128,360)
Net current liabilities
(281,159)
(100,996)
Total assets less current liabilities
64,761 
244,924 
Creditors: amounts falling due after more than one year
9
- 
(227,588)
Provisions for liabilities
Deferred tax
(2,000)
(2,000)
Net assets
62,761 
15,336 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
62,661 
15,236 
Shareholders' funds
62,761 
15,336 
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 director acknowledges his 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 and authorised for issue on 31 December 2025 and were signed on its behalf by
Aldo Desmily Director Company Registration No. 09243938
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GB Real Estate Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
GB Real Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 09243938. The registered office is 36 Fairlight Avenue, London, London, E4 6PA, United Kingdom.
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.
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.
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
20% straight line basis
Other tangible fixed assets
Straight line basis
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2024
- 
At 31 March 2025
- 
Amortisation
At 1 April 2024
(1,784)
At 31 March 2025
(1,784)
Net book value
At 31 March 2025
1,784 
At 31 March 2024
1,784 
- 5 -
GB Real Estate Ltd Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2024
1,099 
At 31 March 2025
1,099 
Depreciation
At 1 April 2024
1,099 
At 31 March 2025
1,099 
Net book value
At 31 March 2025
- 
6
Investment property
2025 
£ 
Fair value at 1 April 2024
344,136 
At 31 March 2025
344,136 
Investment property is stated at cost less accumulated depreciation and impairment losses. Rental income is recognised on a straight-line basis over the lease term.
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,700 
600 
Other debtors
26,995 
26,711 
28,695 
27,311 
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
227,588 
- 
Trade creditors
8,361 
- 
Taxes and social security
8,912 
- 
Other creditors
- 
8,360 
Accruals
65,000 
120,000 
309,861 
128,360 
9
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
227,588 
- 6 -
GB Real Estate Ltd Notes to the Accounts for the year ended 31 March 2025
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Aldo Desmily
Temporary loan
37,655 
284 
- 
37,939 
37,655 
284 
- 
37,939 
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).
12
Reconciliations on adoption of FRS 102
In the prior year, a property held to earn rental income was incorrectly included within tangible fixed assets. The directors have reassessed the classification and determined that the property meets the definition of investment property under FRS 102 Section 16. Comparative figures have been restated accordingly. This reclassification has no impact on total net assets.
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