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REGISTERED NUMBER: 08627534 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

G & E PARTNERS HOLDINGS LIMITED

G & E PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 08627534)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & E PARTNERS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: R D Goodall
T P Ellis
T W Harris
D A Williams





REGISTERED OFFICE: C/O Ground Floor
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND





REGISTERED NUMBER: 08627534 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

G & E PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 08627534)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,375 -
Tangible assets 5 24,657 40,949
Investments 6 398 270
29,430 41,219

CURRENT ASSETS
Debtors 7 2,253,525 994,719
Cash at bank 139,888 37,459
2,393,413 1,032,178
CREDITORS
Amounts falling due within one year 8 2,078,717 602,404
NET CURRENT ASSETS 314,696 429,774
TOTAL ASSETS LESS CURRENT LIABILITIES 344,126 470,993

CREDITORS
Amounts falling due after more than one year 9 (71,640 ) (139,528 )

PROVISIONS FOR LIABILITIES (6,164 ) (5,205 )
NET ASSETS 266,322 326,260

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 266,222 326,160
SHAREHOLDERS' FUNDS 266,322 326,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

G & E PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 08627534)

BALANCE SHEET - continued
31 DECEMBER 2022


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 29 September 2023 and were signed on its behalf by:





R D Goodall - Director


G & E PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 08627534)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

G & E Partners Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of a recruitment agency.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

Going Concern
At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

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

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the life of the lease
Computer equipment - 33% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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 balance sheet date.

G & E PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 08627534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 12 (2021 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 5,000
At 31 December 2022 5,000
AMORTISATION
Charge for year 625
At 31 December 2022 625
NET BOOK VALUE
At 31 December 2022 4,375

G & E PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 08627534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 January 2022 19,095 49,502 68,597
Additions - 3,317 3,317
At 31 December 2022 19,095 52,819 71,914
DEPRECIATION
At 1 January 2022 6,593 21,055 27,648
Charge for year 4,774 14,835 19,609
At 31 December 2022 11,367 35,890 47,257
NET BOOK VALUE
At 31 December 2022 7,728 16,929 24,657
At 31 December 2021 12,502 28,447 40,949

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 January 2022 270 - 270
Additions 85 43 128
At 31 December 2022 355 43 398
NET BOOK VALUE
At 31 December 2022 355 43 398
At 31 December 2021 270 - 270

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 400,561 132,558
Other debtors 1,852,964 862,161
2,253,525 994,719

G & E PARTNERS HOLDINGS LIMITED (REGISTERED NUMBER: 08627534)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 25,000 12,500
Trade creditors 203,801 146,368
Amounts owed to group undertakings 968,282 240,962
Taxation and social security 233,161 15,941
Other creditors 648,473 186,633
2,078,717 602,404

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 37,500 75,000
Other creditors 34,140 64,528
71,640 139,528

10. RELATED PARTY DISCLOSURES

At the balance sheet date, included within other debtors are loans due from the directors:
R D Goodall £765,972 (2021: £433,968)
T P E Ellis of £645,093 (2021: £330,359)
T W Harris of £8,500 (2021: £Nil)
D A Williams of £46,549 (2021: £29,397)
Director loans are interest bearing at 2%

At the balance sheet date, the company owed the following to subsidiary undertakings:
Imperium Global Search Limited £42,930 (2021: £16,194)
G&E Partners London Limited £805,669 (2021: £189,572)
Harris & Co Executive Search Limited £71,838 (2021: £35,196)
AGS Executive Search Limited £47,845 (2021: £Nil)

At the balance sheet date, included within other creditors is £385,643 (2021: £33,568) owed to JGT Executive Search Limited, a company under common control.

At the balance sheet date, included within other creditors is £2,410 (2021: £Nil) owed to Baybridge Executive Search Partners Limited, an associated company.