Gaston Residential Ltd iXBRL

Gaston Residential Ltd

Unaudited Financial Statements

for the financial year ended 31 August 2025

Gaston Residential Ltd

Company Registration Number: 13551985

STATEMENT OF FINANCIAL POSITION

as at 31 August 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

478,602

492,269

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Current Assets

Receivables

180

Cash and cash equivalents

11,893

7,232

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12,073

7,232

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Payables: amounts falling due within one year

(1,819)

(1,460)

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Net Current Assets

10,254

5,772

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Total Assets less Current Liabilities

488,856

498,041

Payables:

amounts falling due after more than one year

(570,020)

(570,020)

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Net Liabilities

(81,164)

(71,979)

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Capital and Reserves

Called up share capital

Retained earnings

(81,166)

(71,981)

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Equity attributable to owners of the company

(81,164)

(71,979)

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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 26 May 2026



________________________________
Mr Gregory Peet
Director

Gaston Residential Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

Gaston Residential Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 13551985. The registered office of the company is The Oast, EMR Centre, New Road, East Malling, Kent, ME19 6BJ which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes relating to furnished holiday lettings.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

2% Straight line

Fixtures, fittings and equipment

25-50% Straight line

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

Average number of persons employed

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4.	Property, plant and equipment
		Land and	Fixtures,	Total
		buildings	fittings and
		freehold	equipment
		£	£	£
	Cost
	At 1 September 2024	509,151	14,185	523,336
		─────────	─────────	─────────

	At 31 August 2025	509,151	14,185	523,336
		─────────	─────────	─────────
	Depreciation
	At 1 September 2024	20,366	10,701	31,067
	Charge for the financial year	10,183	3,484	13,667
		─────────	─────────	─────────
	At 31 August 2025	30,549	14,185	44,734
		─────────	─────────	─────────
	Net book value
	At 31 August 2025	478,602	-	478,602
		═════════	═════════	═════════
	At 31 August 2024	488,785	3,484	492,269
		═════════	═════════	═════════


5.	Receivables	2025	2024
		£	£

	Prepayments and accrued income	180	-
		═════════	═════════


6.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Other creditors	919	560
	Accruals	900	900
		─────────	─────────
		1,819	1,460
		═════════	═════════


7.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	354,520	354,520
	Amounts owed to related parties (Note 8)	215,500	215,500
		─────────	─────────
		570,020	570,020
		═════════	═════════

	Loans
	Repayable between two and five years	354,520	354,520
		═════════	═════════


8.	Related party transactions

	Net balances with related parties:
		2025	2024
		£	£

	Amounts falling due after more than one year	215,500	215,500
		═════════	═════════

Related party transactions

At 31 August 2025 the company owed GP Rope Access Ltd £210,500 (2024 £210,500) and Dyno Residential Ltd £5,000 (2024 £5,000), both being companies controlled and owned by the Director G Peet. These are included within other creditors at 31 August 2025