Registered number
08317118
The GE Club (London) Limited
Filleted Accounts
31 August 2023
The GE Club (London) Limited
Registered number: 08317118
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3 3
Investments 4 150 143,736
153 143,739
Current assets
Debtors 5 10,000 10,000
Creditors: amounts falling due within one year 6 (9,907) (9,907)
Net current assets 93 93
Net assets 246 143,832
Capital and reserves
Called up share capital 1,329 1,329
Share premium 181,231 181,231
Revaluation reserve 7 - 143,586
Profit and loss account (182,314) (182,314)
Shareholders' funds 246 143,832
The director is 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 director acknowledges his 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. A profit and loss account has not been delivered to the Registrar of Companies.
R Holgate
Director
Approved by the board on 11 April 2024
The GE Club (London) Limited
Notes to the Accounts
for the year ended 31 August 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 778
At 31 August 2023 778
Depreciation
At 1 September 2022 775
At 31 August 2023 775
Net book value
At 31 August 2023 3
At 31 August 2022 3
4 Investments
Other
investments
£
Fair Value
At 1 September 2022 143,736
Revaluation (143,586)
At 31 August 2023 150
The shares in Locosoco Group plc were revalued by the Director in 2019.
5 Debtors 2023 2022
£ £
Other debtors 10,000 10,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 9,907 9,907
Other creditors includes a loan of £3,040 (2022: £3,040) from Gilbert Eliott Holdings Limited, a company in which Robert Holgate is a director and shareholder and a loan of £818 (2022: £818) from Gilbert Eliott Consultancy Limited a wholly owned subsidiary of Gilbert Eliott Holdings Limited (see Note 9 below).

It also includes a loan of £6,049 (2022: £6,049) from Robert Holgate (see Note 8 below).
7 Revaluation reserve 2023 2022
£ £
At 1 September 2022 143,586 143,586
Loss on revaluation of investments (143,586) -
At 31 August 2023 - 143,586
8 Loans from director
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Robert J Holgate
Unsecured loan 6,049 - - 6,049
6,049 - - 6,049
9 Related party transactions
Gilbert Eliott Holdings Limited
Robert Holgate is a director and shareholder of the Company. The loan from Gilbert Eliott Holdings Limited is repayable on demand, unsecured and interest free.
Gilbert Eliott Consultancy Limited
Wholly owned subsidiary of Gilbert Eliott Holdings Limited. The loan from Gilbert Eliott Consultancy Limited is repayable on demand, unsecured and interest free.
10 Controlling party
The company is not controlled by any one individual.
11 Other information
The GE Club (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
85 Great Portland Street
London
W1W 7LT
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