Company Registration No. 06052466 (England and Wales)
GLD Projects Limited
Unaudited accounts
for the year ended 30 November 2025
GLD Projects Limited
Unaudited accounts
Contents
GLD Projects Limited
Statement of financial position
as at 30 November 2025
Tangible assets
4,226,293
4,222,137
Cash at bank and in hand
(6,891)
(14,398)
Creditors: amounts falling due within one year
(4,349,236)
(4,148,411)
Net current liabilities
(4,031,891)
(3,845,904)
Total assets less current liabilities
194,502
376,333
Creditors: amounts falling due after more than one year
(47,541)
(47,541)
Net assets
146,961
328,792
Called up share capital
100
100
Revaluation reserve
1,034,051
1,034,051
Profit and loss account
(887,190)
(705,359)
Shareholders' funds
146,961
328,792
For the year ending 30 November 2025 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 26 August 2026 and were signed on its behalf by
T H Sarfraz
Director
Company Registration No. 06052466
GLD Projects Limited
Notes to the Accounts
for the year ended 30 November 2025
GLD Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 06052466. The registered office is Apt. 9, 204 Regents Park Road, London, NW1 8AE.
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.
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:
Motor vehicles
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2024
4,075,000
2,102
389,283
4,466,385
Additions
-
-
70,000
70,000
At 30 November 2025
4,075,000
2,102
459,283
4,536,385
At 1 December 2024
-
-
244,248
244,248
Charge for the year
-
-
65,844
65,844
At 30 November 2025
-
-
310,092
310,092
At 30 November 2025
4,075,000
2,102
149,191
4,226,293
At 30 November 2024
4,075,000
2,102
145,035
4,222,137
Valuation reports were commissioned from two firms of independent valuers in March and May/June 2017 and the gross valuation of the company properties was £4,075,000.
The director is of the opinion that this valuation was a fair valuation at 30th November 2025.
GLD Projects Limited
Notes to the Accounts
for the year ended 30 November 2025
5
Investments
Other investments
Valuation at 1 December 2024
100
Valuation at 30 November 2025
100
Amounts falling due within one year
Other debtors
311,091
299,428
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,157,607
2,020,390
Trade creditors
1,773,577
1,498,555
Taxes and social security
44,340
44,340
Other creditors
6,522
6,489
Loans from directors
367,190
578,387
8
Creditors: amounts falling due after more than one year
2025
2024
The bank loans are secured by a fixed and floating charge over all of the company properties and undertakings.
9
Average number of employees
During the year the average number of employees was 1 (2024: 2).