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REGISTERED NUMBER: 01545808 (England and Wales)






Geeling Investments Limited

Financial Statements

for the Year Ended 31 March 2023






Geeling Investments Limited (Registered number: 01545808)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Geeling Investments Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: Mrs L E Parkin





SECRETARY: Mrs L E Parkin





REGISTERED OFFICE: 26 Chevet Lane
Sandal
Wakefield
West Yorkshire
WF2 6HR





REGISTERED NUMBER: 01545808 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Geeling Investments Limited (Registered number: 01545808)

Statement of Financial Position
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment property 4 180,767 415,767

CURRENT ASSETS
Debtors 5 93 86
Cash at bank 305,876 102,921
305,969 103,007
CREDITORS
Amounts falling due within one year 6 10,857 3,533
NET CURRENT ASSETS 295,112 99,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,879

515,241

PROVISIONS FOR LIABILITIES - 3,176
NET ASSETS 475,879 512,065

Geeling Investments Limited (Registered number: 01545808)

Statement of Financial Position - continued
31 March 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 475,679 511,865
SHAREHOLDERS' FUNDS 475,879 512,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 31 October 2023 and were signed by:





Mrs L E Parkin - Director


Geeling Investments Limited (Registered number: 01545808)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Geeling Investments 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

2. ACCOUNTING POLICIES

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

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Fair value has been determined by the directors having taken the appropriate professional advice and based on similar properties in the local area.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Geeling Investments Limited (Registered number: 01545808)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2022 415,767
Disposals (235,000 )
At 31 March 2023 180,767
NET BOOK VALUE
At 31 March 2023 180,767
At 31 March 2022 415,767

The investment properties have been valued by the director during the year at their fair value.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Prepayments and accrued income 93 86

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Corporation tax - 2,013
Directors' current accounts 9,351 351
Accruals and deferred income 1,506 1,169
10,857 3,533

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
200 Ordinary £1 200 200

8. RESERVES

Included within retained earnings at 31 March 2023 is an amount of £nil (2022: £105,574) which is non-distributable. This relates to the accumulated fair value adjustments, less the associated deferred tax, on the investment properties held by the Company.