REGISTERED NUMBER: 04350947 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Gemstone Properties Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

468,000

546,000

Property, plant and equipment

5

1,237,146

1,250,028

1,705,146

1,796,028

CURRENT ASSETS

Debtors

6

-

4,543

Cash at bank and in hand

83,160

62,922

83,160

67,465

CREDITORS

Amounts falling due within one year

7

182,556

185,743

NET CURRENT LIABILITIES

(99,396

)

(118,278

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,605,750

1,677,750

CREDITORS

Amounts falling due after more than one year

8

634,340

976,125

NET ASSETS

971,410

701,625

CAPITAL AND RESERVES

Called up share capital

1,500

1

Retained earnings

969,910

701,624

SHAREHOLDERS' FUNDS

971,410

701,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2026 and were signed on its behalf by:

Mr Bhupinder Singh Chana - Director

1.	STATUTORY INFORMATION

Gemstone Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04350947

Registered office:

The Grange

122 Crowstone Road

Westcliff-On-Sea

Essex

SS0 8LQ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2025 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

895,000

AMORTISATION

At 1 February 2025

349,000

Charge for year

78,000

At 31 January 2026

427,000

NET BOOK VALUE

At 31 January 2026

468,000

At 31 January 2025

546,000

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2025

1,079,470

189,340

122,257

Additions

-

23,046

16,199

At 31 January 2026

1,079,470

212,386

138,456

DEPRECIATION

At 1 February 2025

-

109,462

81,808

Charge for year

-

25,731

14,161

At 31 January 2026

-

135,193

95,969

NET BOOK VALUE

At 31 January 2026

1,079,470

77,193

42,487

At 31 January 2025

1,079,470

79,878

40,449

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

99,000

5,080

1,495,147

Additions

-

431

39,676

At 31 January 2026

99,000

5,511

1,534,823

DEPRECIATION

At 1 February 2025

50,977

2,872

245,119

Charge for year

12,006

660

52,558

At 31 January 2026

62,983

3,532

297,677

NET BOOK VALUE

At 31 January 2026

36,017

1,979

1,237,146

At 31 January 2025

48,023

2,208

1,250,028

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

-

4,543

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

20,086

10,815

Taxation and social security

155,173

162,993

Other creditors

7,297

11,935

182,556

185,743

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

-

136,186

Other creditors

634,340

839,939

634,340

976,125