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Registered number: 01447065
Geneen Investments (1979) Limited
Unaudited Financial Statements
For the Period 1 July 2023 to 31 March 2024
Kalculus
Chartered Accountants & Business Advisers
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01447065
31 March 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,800,000
- 1,800,000
CURRENT ASSETS
Debtors 5 204,571 347,871
Cash at bank and in hand 3,034,060 28,102
3,238,631 375,973
Creditors: Amounts Falling Due Within One Year 6 (640,241 ) (253,762 )
NET CURRENT ASSETS (LIABILITIES) 2,598,390 122,211
TOTAL ASSETS LESS CURRENT LIABILITIES 2,598,390 1,922,211
NET ASSETS 2,598,390 1,922,211
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium account 123,108 123,108
Revaluation reserve - 1,641,344
Profit and Loss Account 2,475,182 157,659
SHAREHOLDERS' FUNDS 2,598,390 1,922,211
Page 1
Page 2
For the period ending 31 March 2024 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs M Singer
Director
8 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Geneen Investments (1979) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01447065 . The registered office is 2nd Floor Gadd House, Arcadia Avenue, London, N3 2JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 July 2023 1,800,000
Disposals (1,800,000 )
Net Book Value
As at 31 March 2024 -
As at 1 July 2023 1,800,000
5. Debtors
31 March 2024 30 June 2023
£ £
Due within one year
Trade debtors - 222,379
Other debtors 204,571 125,492
204,571 347,871
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 June 2023
£ £
Corporation tax 640,241 13,954
Other creditors - 225,233
Accruals and deferred income - 14,575
640,241 253,762
7. Share Capital
31 March 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4