Company registration number 05607283 (England and Wales)
GAIGER PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
GAIGER PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GAIGER PROPERTIES LIMITED
BALANCE SHEET
AS AT 31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
2,676,265
2,838,297
Current assets
Debtors
4
662,151
332,840
Cash at bank and in hand
2,133,131
2,600,642
2,795,282
2,933,482
Creditors: amounts falling due within one year
5
(69,974)
(67,820)
Net current assets
2,725,308
2,865,662
Net assets
5,401,573
5,703,959
Capital and reserves
Called up share capital
1,000,500
1,000,500
Profit and loss reserves
4,401,073
4,703,459
Total equity
5,401,573
5,703,959

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 February 2026 and are signed on its behalf by:
Mr G M Gaiger
Mr J H Gaiger
Director
Director
Company registration number 05607283 (England and Wales)
GAIGER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Gaiger Properties Limited is a private company limited by shares incorporated in England and Wales, company registration number 05607283. The registered office is Kennet House, Northgate Street, Devizes, Wiltshire, SN10 1JT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and rental income provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from developments represents the fair value received and receivable in respect of the sale of residential housing and land and commercial land and developments net of value added tax. This is recognised on legal completion.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

GAIGER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Investment property
2025
£
Fair value
At 1 June 2024
2,838,297
Additions
206,664
Disposals
(10,000)
Revaluations
(358,696)
At 31 May 2025
2,676,265

The investment property comprises of commercial retail units and residential flats. The investment property is shown at its fair value, this being the Directors' assessment of the fair value of the property based upon rent yields and a professional valuation carried out at November 2022 by professional valuers, who were not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

GAIGER PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
3
Investment property
(Continued)
- 4 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
2,865,094
3,288,634
Accumulated depreciation
(472,759)
(519,439)
Carrying amount
2,392,335
2,769,195

Freehold Investment properties with a carrying amount of £560,000 (2024 - £560,000) have been pledged to secure any future borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
23,281
70,572
Other debtors
638,870
262,268
662,151
332,840
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
26,594
48,342
Taxation and social security
20,095
2,839
Other creditors
23,285
16,639
69,974
67,820

Any future bank loans are secured by legal charges over the company's freehold investment property.

6
Financial commitments, guarantees and contingent liabilities
The company has provided Lloyds Bank plc with an unlimited guarantee for the liabilities of Gaiger Brothers Limited.
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