1 December 2024 false No description of principal activity Taxfiler 2024.6 14496489 business:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 14496489 2024-11-30 14496489 2024-12-01 2025-11-30 14496489 business:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 14496489 business:FilletedAccounts 2024-12-01 2025-11-30 14496489 2025-11-30 14496489 business:Director1 2024-12-01 2025-11-30 14496489 business:Director2 2024-12-01 2025-11-30 14496489 business:RegisteredOffice 2024-12-01 2025-11-30 14496489 2024-11-30 14496489 core:WithinOneYear 2025-11-30 14496489 core:WithinOneYear 2024-11-30 14496489 core:ShareCapital core:PreviouslyStatedAmount 2025-11-30 14496489 core:ShareCapital core:PreviouslyStatedAmount 2024-11-30 14496489 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-11-30 14496489 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-11-30 14496489 core:PreviouslyStatedAmount 2025-11-30 14496489 core:PreviouslyStatedAmount 2024-11-30 14496489 business:SmallEntities 2024-12-01 2025-11-30 14496489 countries:EnglandWales 2024-12-01 2025-11-30 14496489 core:FurnitureFittings 2024-12-01 2025-11-30 14496489 core:FurnitureFittings 2024-11-30 14496489 core:FurnitureFittings 2025-11-30 14496489 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Company Registration No. 14496489 (England and Wales)
GIBBS PROPERTY COMPANY LIMITED Unaudited accounts for the year ended 30 November 2025
GIBBS PROPERTY COMPANY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GIBBS PROPERTY COMPANY LIMITED Company Information for the year ended 30 November 2025
Directors
Benjamin John Gibbs Thomas Alexander Gibbs
Company Number
14496489 (England and Wales)
Registered Office
OLD BROOKHILL HORSHAM ROAD COWFOLD HORSHAM RH13 8AH ENGLAND
Accountants
Alison Austin FCA BFP Home Farm House St. Leonard's Forest Horsham West Sussex RH13 6PH
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GIBBS PROPERTY COMPANY LIMITED Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
226
451
Investment property
5
452,647
452,647
452,873
453,098
Current assets
Debtors
6
1,774
1,760
Cash at bank and in hand
5,390
15,467
7,164
17,227
Creditors: amounts falling due within one year
7
(476,113)
(476,947)
Net current liabilities
(468,949)
(459,720)
Total assets less current liabilities
(16,076)
(6,622)
Provisions for liabilities
Deferred tax
(42)
(85)
Net liabilities
(16,118)
(6,707)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(16,218)
(6,807)
Shareholders' funds
(16,118)
(6,707)
For the year ending 30 November 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 31 January 2026 and were signed on its behalf by
Benjamin John Gibbs Director Company Registration No. 14496489
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GIBBS PROPERTY COMPANY LIMITED Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
GIBBS PROPERTY COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14496489. The registered office is OLD BROOKHILL HORSHAM ROAD, COWFOLD, HORSHAM, RH13 8AH, ENGLAND.
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.
Turnover
The turnover shown in the profit and loss account represents rents received and receivable by the company during the period.
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:
Fixtures & fittings
25% straight line
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.
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GIBBS PROPERTY COMPANY LIMITED Notes to the Accounts for the year ended 30 November 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 December 2024
901
At 30 November 2025
901
Depreciation
At 1 December 2024
450
Charge for the year
225
At 30 November 2025
675
Net book value
At 30 November 2025
226
At 30 November 2024
451
5
Investment property
2025
£
Fair value at 1 December 2024
452,647
At 30 November 2025
452,647
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,700
1,700
Accrued income and prepayments
74
60
1,774
1,760
7
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
475,633
476,482
Accruals
480
465
476,113
476,947
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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