Gibson Hill limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07994372

Gibson Hill limited

Filleted Unaudited Financial Statements

31 May 2025

Gibson Hill limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	6		12,047	12,047

Current assets

Stocks		567,833	652,830
Debtors	7	705,006	292,419
Cash at bank and in hand		201,715	387,790
		------------	------------
		1,474,554	1,333,039

Creditors: amounts falling due within one year	8	877,241		781,048
		------------		------------
Net current assets			597,313	551,991
			---------	---------
Total assets less current liabilities			609,360	564,038

Creditors: amounts falling due after more than one year	9	–	10,000
		---------	---------
Net assets		609,360	554,038
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	609,260	553,938
	---------	---------
Shareholders funds	609,360	554,038
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Gibson Hill limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 21 April 2026 , and are signed on behalf of the board by:

Mr N Ewen
Director

Company registration number: 07994372

Gibson Hill limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Bell Street, 2nd Floor, London, NW1 5BY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents sale of properties during the year.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixture and Fittings	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 June 2024 and 31 May 2025	954	954
	----	----
Depreciation
At 1 June 2024 and 31 May 2025	954	954
	----	----
Carrying amount
At 31 May 2025	–	–
	----	----
At 31 May 2024	–	–
	----	----

6. Investments

	Other investments other than loans
	£
Cost
At 1 June 2024 and 31 May 2025	12,047
	--------
Impairment
At 1 June 2024 and 31 May 2025	–
	--------

Carrying amount
At 31 May 2025	12,047
	--------
At 31 May 2024	12,047
	--------

7. Debtors

	2025	2024
	£	£
Other debtors	705,006	292,419
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	20,000	29,960
Accruals and deferred income	7,380	7,380
Director loan accounts	12,014	8,069
Other Creditors	837,847	735,639
	---------	---------
	877,241	781,048
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	10,000
	----	--------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr N Ewen	( 8,069)	( 3,945)	( 12,014)
	-------	-------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr N Ewen	( 16,457)	8,388	( 8,069)
	--------	-------	-------

11. Related party transactions

The company was under the control of Mr Ewen and Mrs Ewen throughout the current and previous year. Mr Ewen is the managing director and 25% shareholder with Mrs Ewen who owns the remaining 75%. During the year the company paid a dividend of £4,000 (2024: £4,000).