REGISTERED NUMBER: 11534044 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Stephen And Lucie Gallagher Property

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S C Gallagher

Mrs L S Gallagher

REGISTERED OFFICE:

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

REGISTERED NUMBER:

11534044 (England and Wales)

FIXED ASSETS

Investment property

5

779,360

642,457

CURRENT ASSETS

Debtors

6

3,298

3,329

CREDITORS

Amounts falling due within one year

7

544,328

539,672

NET CURRENT LIABILITIES

(541,030

)

(536,343

)

TOTAL ASSETS LESS CURRENT LIABILITIES

238,330

106,114

PROVISIONS FOR LIABILITIES

42,463

16,451

NET ASSETS

195,867

89,663

CAPITAL AND RESERVES

Called up share capital

2

2

Other reserves

181,026

70,135

Retained earnings

14,839

19,526

SHAREHOLDERS' FUNDS

195,867

89,663

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Dr S C Gallagher - Director

Mrs L S Gallagher - Director

1.	STATUTORY INFORMATION

Stephen And Lucie Gallagher Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

4.	EMPLOYEES AND DIRECTORS

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

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

642,457

Revaluations

136,903

At 31 August 2025

779,360

NET BOOK VALUE

At 31 August 2025

779,360

At 31 August 2024

642,457

Fair value at 31 August 2025 is represented by:

£

Valuation in 2024

86,587

Valuation in 2025

136,903

Cost

555,870

779,360

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

555,870

555,870

The investment properties were valued on an open market basis on 1 January 2025 by an Orange County Property Appraiser .

The directors do not consider that there has been any significant change in value between the date of the valuations and the year end.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,820

2,872

Other debtors

1,478

457

3,298

3,329

Included within other debtors disclosed above is a balance of £1,478 (2024 - £457) in relation to the refurbishment funds for the properties.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,168

2,777

Other creditors

543,160

536,895

544,328

539,672

Included within other creditors disclosed above is a balance of £2,004 (2024 - £1,860) in relation to accrued expenses and a balance of £541,156 (2024 - £535,035) in relation to the Directors' loan accounts.