Company Registration No. 11796098 (England and Wales)
GDL Properties NE Limited
Unaudited accounts
for the year ended 31 March 2026
GDL Properties NE Limited
Unaudited accounts
Contents
GDL Properties NE Limited
Company Information
for the year ended 31 March 2026
Company Number
11796098 (England and Wales)
Registered Office
Whitefield House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
Accountants
Accountants For The Trade (Durham) Ltd
Whitfield House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
GDL Properties NE Limited
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
3,328
742
Creditors: amounts falling due within one year
(48,124)
(154,002)
Net current (liabilities)/assets
(44,796)
21,786
Called up share capital
100
100
Profit and loss account
72,097
21,686
Shareholders' funds
72,197
21,786
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2026 and were signed on its behalf by
Mr B Lormor
Director
Company Registration No. 11796098
GDL Properties NE Limited
Notes to the Accounts
for the year ended 31 March 2026
GDL Properties NE Limited is a private company, limited by shares, registered in England and Wales, registration number 11796098. The registered office is Whitefield House , St Johns Road , Meadowfield Industrial Estate , Durham , DH7 8XL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
GDL Properties NE Limited
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
3,319
-
Loans from directors
44,085
153,246
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Average number of employees
During the year the average number of employees was 1 (2025: 1).