smallAccCompHo_0921.xslt
Company Registration No. 05068784 (England and Wales)
GITTO ESTATES LTD
Financial Statements
for the Period from 01 April 2024 to 31 March 2025

GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

Company Information

Company Details
Company Number 05068784
Registered Office 22 SENGHENNYDD ROAD
CARDIFF
SOUTH GLAMORGAN
CF24 4BE
Directors
Directors who held office during the period were:
Hydar Abbas Abed Ali AL-KHAFAJI   
Victoria Alexandra AL-KHAFAJI   
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GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

Statement of Financial Position

123456789
Notes 2025 2024
£ £
Fixed Assets
Tangible assets 5 33,307 37,008
Investment Properties 6 19,289,865 17,376,397
Current Assets
Debtors due 5,856,066 2,730,017
Cash at bank and in hand 1,271 87
5,857,337 2,730,104
Creditors
Amount falling due within one year (375,140) (1,627,305)
Net Current Assets 5,482,197 1,102,799
Total Assets less current liabilities 24,805,369 18,516,204
Creditors due after more than one year (15,225,588) (9,520,363)
Accruals and deferred income (989,216) (989,216)
Net Assets 8,590,565 8,006,625
Capital and Reserves
Called up Share Capital 100 100
Retained earnings at end of year 8,590,465 8,006,525
Shareholder funds 8,590,565 8,006,625
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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.
Approved by the Board on 08 June 2026
Mr Hydar Al-Khafaji
Company Registration No. 05068784
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GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

1. Statutory Information
GITTO ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 05068784.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
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GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

Current Tax
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Tangible Fixed Asset Policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery - 20% Straight LineFixtures & Fittings - 10% Reducing Balance
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GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

Deferred Tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 6
2024 6
4. Principal Activity
Property rental
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GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

5. Fixed Assets
Fixtures and Fittings Total
Cost or valuation £ £
At 01/04/2024 161,221 184,021
Additions - -
At 31/03/2025 161,221 184,021
Depreciation
At 01/04/2024 124,213 147,013
Charge for the year 3,701 3,701
At 31/03/2025 127,914 150,714
Net Book Value
At 31/03/2025 33,307 33,307
At 31/03/2024 37,008 37,008
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GITTO ESTATES LTD

Financial Statements for the period ending 31 March 2025

Notes to the Accounts

6. Investment Properties
2025 2024
£ £
Valuation at 01/04/2024 17,376,397 16,535,035
Additions 1,913,468 841,362
Disposals - -
Transfered (to)/from tangible fixed assets - -
Fair Value adjustments - -
Valuation at 31/03/2025 19,289,865 17,376,397
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