Registered number
02349983
GEB (Holdings) Limited
Unaudited Filleted Accounts
30 September 2023
GEB (Holdings) Limited
Registered number: 02349983
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 328,009 328,253
Current assets
Debtors 4 6,452 6,452
Cash at bank and in hand 136,449 199,532
142,901 205,984
Creditors: amounts falling due within one year 5 (29,007) (73,015)
Net current assets 113,894 132,969
Total assets less current liabilities 441,903 461,222
Provisions for liabilities (34,200) (34,200)
Net assets 407,703 427,022
Capital and reserves
Called up share capital 820 820
Profit and loss-non distributable 6 145,799 145,799
Profit and loss account-Distributable 261,084 280,403
Shareholders' funds 407,703 427,022
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
GE Bedford
Director
Approved by the board on 13 November 2023
GEB (Holdings) Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. It includes revenue earned from the sale of goods and from the rendering of services. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment property is included at fair value. Any gains and losses are recognised in the profit and loss account. Deferred Taxation is applied to the gains at the rate expected to apply when the property is sold.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment Property Plant and machinery etc Total
£ £ £
Fair value
At 1 October 2022 328,009 967 328,976
At 30 September 2023 328,009 967 328,976
Depreciation
At 1 October 2022 - 723 723
Charge for the year - 244 244
At 30 September 2023 - 967 967
Net book value
At 30 September 2023 328,009 - 328,009
At 30 September 2022 328,009 244 328,253
Investment properties were revalued by the Directors at market rates.
4 Debtors 2023 2022
£ £
Other debtors 6,452 6,452
Amounts due after more than one year included above 6,452 6,452
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 4,908 4,505
Other creditors 24,099 68,510
29,007 73,015
6 Fair value reserve 2023 2022
£ £
At 1 October 2022 145,799 145,799
At 30 September 2023 145,799 145,799
7 Other information
GEB (Holdings) Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Carrwood Avenue
Bramhall
Stockport
Cheshire Sk7 2PY
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