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Company Registration No. 04825821 (England and Wales)
Gillnell Limited Unaudited accounts for the year ended 31 December 2025
Gillnell Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gillnell Limited Company Information for the year ended 31 December 2025
Directors
Blake Laurence Weltman Petronella Johanna Catharina Adriana Weltman
Secretary
Blake Laurence Weltman
Company Number
04825821 (England and Wales)
Registered Office
25 DOLLIS PARK FINCHLEY LONDON N3 1HJ
Accountants
Blake Weltman & Co Sovereign House 1 Albert Place Finchley London N3 1QB
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Gillnell Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
40,000
40,000
Current assets
Debtors
5
95
13,394
Cash at bank and in hand
39,229
137,515
39,324
150,909
Creditors: amounts falling due within one year
6
(18,000)
(18,366)
Net current assets
21,324
132,543
Total assets less current liabilities
61,324
172,543
Provisions for liabilities
Deferred tax
-
(33,805)
Net assets
61,324
138,738
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
61,224
138,638
Shareholders' funds
61,324
138,738
For the year ending 31 December 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 12 March 2026 and were signed on its behalf by
Blake Laurence Weltman Director Company Registration No. 04825821
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Gillnell Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Gillnell Limited is a private company, limited by shares, registered in England and Wales, registration number 04825821. The registered office is 25 DOLLIS PARK, FINCHLEY, LONDON, N3 1HJ.
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 represents gross rental income received during the year on investment properties.
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.
4
Investment property
2025
£
Fair value at 1 January 2025
40,000
At 31 December 2025
40,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
95
-
Other debtors
-
13,394
95
13,394
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Gillnell Limited Notes to the Accounts for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
366
Other creditors
18,000
18,000
18,000
18,366
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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