GLADSTONE ROAD PROPERTIES LTD


Director	ADAMS, Susan


Company Secretary	MORGAN, Hugh Joseph


Registered Address	74 Candlemas Lane
	Beaconsfield
	Buckinghamshire
	HP9 1AE


Registered Number	04651544 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		926,022		926,363
			926,022		926,363
Current assets
Debtors		-		1,050
Cash at bank and on hand		3,944		3,349
		3,944		4,399
Creditors amounts falling due within one year	5	(244,991)		(269,520)
Net current assets (liabilities)			(241,047)		(265,121)
Total assets less current liabilities			684,975		661,242
Provisions for liabilities	6		(63,754)		(48,454)
Net assets			621,221		612,788
Capital and reserves
Called up share capital			2		100
Other reserves			336,379		336,379
Profit and loss account			284,840		276,309
Shareholders' funds			621,221		612,788

The company was entitled to exemption from audit for this reporting period 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 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 13 November 2025, and are signed on its behalf by:

ADAMS, Susan
Director
Registered Company No. 04651544

GLADSTONE ROAD PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents rental income and service charges receivable.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax has been calculated in relation to the investment properties held using the tax rate applicable to the sale of the assets.

	Tangible fixed assets and depreciation
	Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at the fair value at the reporting date. The gain or loss on valuation is recognised in the profit and loss and is subsequently transferred within equity to the 'investment property reserve' together with the deferred taxes. Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of the assets less their residual values over their useful lives on the following basis: Fixtures, Fittings & Equipment: 25% Reducing Balance

Tangible fixed assets and depreciation

Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at the fair value at the reporting date. The gain or loss on valuation is recognised in the profit and loss and is subsequently transferred within equity to the 'investment property reserve' together with the deferred taxes.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of the assets less their residual values over their useful lives on the following basis:

Fixtures, Fittings & Equipment:           25% Reducing Balance

	Investments
	The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the director of the company. The valuation was made on an open market basis by reference to the market value for similar properties.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	925,000	69,220	997	995,217
At 31 March 25	925,000	69,220	997	995,217
Depreciation and impairment
At 01 April 24	-	67,857	997	68,854
Charge for year	-	341	-	341
At 31 March 25	-	68,198	997	69,195
Net book value
At 31 March 25	925,000	1,022	-	926,022
At 31 March 24	925,000	1,363	-	926,363

4.	Revaluation of property, plant and equipment
	Property, plant and equipment includes an investment property purchased in 2003 for £433,365. The property has been revalued to the fair value as shown below as required by FRS102.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	5,716	6,015
Other creditors	238,975	263,205
Accrued liabilities and deferred income	300	300
Total	244,991	269,520


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	63,754	48,454
Total	63,754	48,454