Gartlove Plantation Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12015243

Gartlove Plantation Limited

Filleted Unaudited Financial Statements

31 May 2025

Gartlove Plantation Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		540,550	540,550

Current assets

Stocks		102,362	102,362
Debtors	6	847	1,839
Cash at bank and in hand		18	23
		---------	---------
		103,227	104,224

Creditors: amounts falling due within one year	7	463,193		452,715
		---------		---------
Net current liabilities			359,966	348,491
			---------	---------
Total assets less current liabilities			180,584	192,059
			---------	---------
Net assets			180,584	192,059
			---------	---------

Capital and reserves

Called up share capital		1	1
Profit and loss account	8	180,583	192,058
		---------	---------
Shareholders funds		180,584	192,059
		---------	---------

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Gartlove Plantation Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 23 February 2026 , and are signed on behalf of the board by:

Mr S A Jumani	Mr M D Curtis
Director	Director

Company registration number: 12015243

Gartlove Plantation 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 30 Woodsford Square, Off Addison Road, Holland Park, London, W14 8DP, England.

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

Revenue recognition

Revenue from the sale of timber is recognised when the significant risks and rewards of ownership of the timber have transferred to the buyer, usually on despatch of the timber, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are recorded at historic cost. Freehold land is not depreciated.

Stocks

Stock comprises of trees in the plantation, felled trees and logs, measured at fair value.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment

4. Employee numbers

The average number of persons employed by the company during the year, amounted to Nil.

5. Tangible assets

	Freehold land
	£
Cost
At 1 June 2024 and 31 May 2025	540,550
	---------
Depreciation
At 1 June 2024 and 31 May 2025	–
	---------
Carrying amount
At 31 May 2025	540,550
	---------
At 31 May 2024	540,550
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	548	300
Amounts owed by group undertakings	–	150
Other debtors	299	1,389
	----	-------
	847	1,839
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	41,667	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	502	–
Other creditors	421,024	452,715
	---------	---------
	463,193	452,715
	---------	---------

8. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses. Included in profit and loss reserve are distributable profits of £78,222 (2024 - £89,697)and non-distributable profits of £102,361 (2024 - £102,361).

9. Related party transactions

Included in creditors due within one year, is a balance of £414,523 (2024 - £446,578) owed to the director. No interest is charged in respect of this balance.