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Company Registration No. SC707134 (Scotland)
Gulmi Properties Ltd Unaudited accounts for the year ended 31 August 2025
Gulmi Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gulmi Properties Ltd Company Information for the year ended 31 August 2025
Director
Gaurav Kharel
Company Number
SC707134 (Scotland)
Registered Office
2a Dovecothall Street Barrhead Glasgow Lanarkshire G78 1BS Scotland
Accountants
UNAAS Consultants (UK) Limited 1st Floor, Wellesley House 102 Cranbrook Road Ilford Essex IG1 4NH
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Gulmi Properties Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
23,400
-
Cash at bank and in hand
74,145
14,349
97,545
14,349
Creditors: amounts falling due within one year
5
(85,109)
(6,489)
Net current assets
12,436
7,860
Net assets
12,436
7,860
Capital and reserves
Called up share capital
3
3
Profit and loss account
12,433
7,857
Shareholders' funds
12,436
7,860
For the year ending 31 August 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 9 March 2026 and were signed on its behalf by
Gaurav Kharel Director Company Registration No. SC707134
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Gulmi Properties Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Gulmi Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC707134. The registered office is 2a Dovecothall Street, Barrhead, Glasgow, Lanarkshire, G78 1BS, Scotland.
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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
23,400
-
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Gulmi Properties Ltd Notes to the Accounts for the year ended 31 August 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,073
1,843
Other creditors
80,000
-
Loans from directors
3,686
4,346
Accruals
350
300
85,109
6,489
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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