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Company Registration No. NI628945 (Northern Ireland)
The Gregory Belfast Limited Unaudited accounts for the year ended 30 June 2023
The Gregory Belfast Limited Unaudited accounts Contents
Page
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The Gregory Belfast Limited Company Information for the year ended 30 June 2023
Director
Jim Ferrin
Secretary
Alison Ferrin
Company Number
NI628945 (Northern Ireland)
Registered Office
Unit 2 Channel Wharf 21 Old Channel Road Belfast BT3 9DE Northern Ireland
Accountants
PGR Chartered Accountants Unit 2 Channel Wharf 21 Old Channel Road Belfast Antrim BT3 9DE
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The Gregory Belfast Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
33,824 
44,780 
Cash at bank and in hand
21,573 
21,573 
55,397 
66,353 
Creditors: amounts falling due within one year
(79,057)
(71,091)
Net current liabilities
(23,660)
(4,738)
Total assets less current liabilities
(23,660)
(4,738)
Creditors: amounts falling due after more than one year
(47,751)
(47,751)
Net liabilities
(71,411)
(52,489)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(71,511)
(52,589)
Shareholders' funds
(71,411)
(52,489)
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 February 2024 and were signed on its behalf by
Jim Ferrin Director Company Registration No. NI628945
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The Gregory Belfast Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
The Gregory Belfast Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI628945. The registered office is Unit 2 Channel Wharf , 21 Old Channel Road, Belfast, BT3 9DE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover from B&B stays can be measured reliably. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes and other sales taxes.
Going concern
The business was sold during the year, however, the directors believe that the company The Gregory Belfast Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost
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The Gregory Belfast Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
4,404 
Disposals
(4,404)
At 30 June 2023
- 
Depreciation
At 1 July 2022
4,404 
On disposals
(4,404)
At 30 June 2023
- 
Net book value
At 30 June 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
33,824 
44,780 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,549 
3,549 
VAT
38,988 
38,988 
Taxes and social security
32,120 
22,074 
Accruals
4,400 
6,480 
79,057 
71,091 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
47,751 
47,751 
8
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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