1.
General Information
Ghedia Properties Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04134465
. The registered office is Sovereign House, 12 Warwick Street, Coventry, CV5 6ET.
The presentation currency of the financial statements is the Pound Sterling (£).
These financial statements are rounded to the nearest £1.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover represents rental income and service charges (net of VAT) and is recognised in the income statement for the period in which it relates.
2.3.
Investment Properties
All investment properties are carried at fair value reviewed by the directors' annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
4.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 January 2025 |
|
| Additions |
|
| As at 31 December 2025 |
|
Ghedia Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
Included in investment property is property used in operating leases with a value of £7,802,655 (2024 - £7,7801,629)
Fair value at 31 December 2025 is represented by :
|
£
|
|
|
Cost
|
5,591,466
|
|
Valuation in 2003
|
265,800
|
|
Valuation in 2004
|
204,020
|
|
Valuation in 2008
|
909,735
|
|
Valuation in 2009
|
(451,076)
|
|
Valuation in 2012
|
610,000
|
|
Valuation in 2013
|
(77,000)
|
|
Valuation in 2014
|
43,000
|
|
Valuation in 2015
|
(559,197)
|
|
Valuation in 2017
|
325,000
|
|
Valuation in 2021
|
263,410
|
|
Valuation in 2023
|
373,640
|
|
Valuation in 2024
|
303,857
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
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|
|
7,802,655
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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</svg>){kind=small}
|
Each year, the value of investment properties is considered by the directors and any movement is credited to the income statement accordingly.
5.
Investments
| Listed | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at 1 January 2025 |
|
| As at 31 December 2025 |
|
| Provision | |
| As at 1 January 2025 |
|
| As at 31 December 2025 |
|
| Net Book Value | |
| As at 31 December 2025 |
|
| As at 1 January 2025 |
|
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
| Corporation tax recoverable assets |
|
|
|
| Directors' loan accounts |
|
|
|
|
|
|
||
Ghedia Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts | - |
|
|
| Corporation tax |
|
|
|
| VAT |
|
|
|
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
|
|
|
||
8.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans | - |
|
|
9.
Secured Creditors
Of the creditors the following amounts are secured.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | - | 249,999 |
11.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at 1 January 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2025 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Chandravadan Ghedia |
|
|
|
- |
|
| Mr Jayantilal Ghedia |
|
|
|
- |
|
| Mr Vijay Ghedia |
|
|
|
- |
|
| Meghji Ghedia |
|
|
|
- |
|
The above loan is unsecured, interest is charged on the loans at a rate of 2.25% from 01/01/25-05/04/25 and 3.75% thereafter (2024 - 2.25%) and repayable on demand.
Ghedia Properties Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
12.
Reserves
|
Retained Earnings
|
Non-distributable
|
Totals
|
|
|
reserves
|
|||
|
£
|
£
|
£
|
|
|
At 1 January 2025
|
5,817,090
|
2,211,189
|
8,028,279
|
|
Profit for the year
|
405,591
|
-
|
405,591
|
|
Dividends
|
(280,000)
|
-
|
(280,000)
|
|
|
|
|
|
|
At 31 December 2025
|
5,942,681
|
2,211,189
|
8,153,870
|