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G.H.T. PROPERTIES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 SEPTEMBER 2025
G.H.T Properties Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The company is principally engaged in management and maintenance of the freehold property owned at 183 Goldhurst Terrace, London NW6 3ER. It acts on a mutual basis as a non-profit making company for the property on behalf of the resident leaseholders.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
Turnover represents amounts receivable for service charges from leaseholders. Surplus service
charges are not refundable to the leaseholders but carried forward for future expenditure.
Investment property is carried at fair value determined annually by the directors 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. However, in the opinion of the directors, there has been no subsequent change in the value of the property from its original cost and the cost of obtaining an external current market valuation cannot be justified at this time.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.
Short term creditors are measured at the transaction price.
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