Registered number
03860256
GATESVILLA PROPERTIES LIMITED
Filleted Accounts
31 October 2025

GATESVILLA PROPERTIES LIMITED
Registered number: | 03860256
Balance Sheet
as at 31 October 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 265,000 |  |  | 240,000
Current assets
Debtors | 4 |  | 1,016 |  |  | 13,319
Cash at bank and in hand |  |  | 9,508 |  |  | 16,007
|  |  | 10,524 |  |  | 29,326
Creditors: amounts falling due within one year | 5 |  | (1,056) |  |  | (1,618)
Net current assets |  |  |  | 9,468 |  |  | 27,708
Total assets less current liabilities |  |  |  | 274,468 |  |  | 267,708
Provisions for liabilities |  |  |  | (41,321) |  |  | (34,675)
Net assets |  |  |  | 233,147 |  |  | 233,033
Capital and reserves
Called up share capital |  |  |  | 5 |  |  | 5
Non-distributable reserve | 6 |  |  | 162,053 |  |  | 143,699
Profit and loss account |  |  |  | 71,089 |  |  | 89,329
Shareholders' funds |  |  |  | 233,147 |  |  | 233,033
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J.L. Royle
Director
Approved by the board on 3 March 2026

GATESVILLA PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 October 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover represents the rent receivable from tenants.
| Investment properties
| Investment properties are revalued annually and any surplus or deficit is dealt with through the non-distributable reserve. No depreciation is provided in respect of investment properties.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 3
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 November 2024 | 240,000
| Surplus on revaluation | 25,000
| At 31 October 2025 | 265,000
| Depreciation
| At 31 October 2025 | -
| Net book value
| At 31 October 2025 | 265,000
| At 31 October 2024 | 240,000
| Freehold land and buildings: | 2025 |  | 2024
£ | £
| Historical cost | 61,626 |  | 61,626
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 61,626 |  | 61,626
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 1,016 |  | 13,319
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Taxation and social security costs | 40 |  | 601
| Other creditors | 1,016 |  | 1,017
|  |  |  |  |  | 1,056 |  | 1,618
6 | Non-distributable reserve | 2025 |  | 2024
£ | £
| At 1 November 2024 | 143,699 |  | 128,303
| Gain on revaluation of land and buildings | 25,000 |  | 20,000
| Deferred taxation arising on the revaluation of land and buildings | (6,646) |  | (4,604)
| At 31 October 2025 | 162,053 |  | 143,699
7 | Controlling party
| The company is controlled by the directors.
8 | Other information
| GATESVILLA PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| Dale House
| Tewitfield
| Carnforth
| Lancashire
| LA6 1JH

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