GA2R LIMITED

Company Registration Number:
11318098 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

GA2R LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

GA2R LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 320,000 467,521
Total fixed assets: 320,000 467,521
Current assets
Debtors: 4 3,636
Cash at bank and in hand: 11,596 4,246
Total current assets: 15,232 4,246
Creditors: amounts falling due within one year: 5 (20,107) (218,782)
Net current assets (liabilities): (4,875) (214,536)
Total assets less current liabilities: 315,125 252,985
Creditors: amounts falling due after more than one year: 6 (298,428) (265,853)
Total net assets (liabilities): 16,697 (12,868)
Capital and reserves
Called up share capital: 400 100
Share premium account: 23,700
Profit and loss account: (7,403) (12,968)
Shareholders funds: 16,697 (12,868)

The notes form part of these financial statements

GA2R LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 April 2024
and signed on behalf of the board by:

Name: Mr R J Davies
Status: Director

The notes form part of these financial statements

GA2R LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises of rental income and management charges received prior to the Balance Sheet date, net of VAT and discounts.

Tangible fixed assets and depreciation policy

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.

GA2R LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

GA2R LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 467,521
Disposals (167,521)
Revaluations 20,000
At 31 December 2023 320,000
Net book value
At 31 December 2023 320,000
At 31 December 2022 467,521

GA2R LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

Debtors comprise of: Trade debtors - £2,563 (2022 - £nil), Other debtors - £1,073 (2022 - £nil)

GA2R LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdraft (secured) - £12,271 (2022 - £12,904)Trade creditors - £3,936 (2022 - £nil)Taxation and social security - £nil (2022 - £161)Other creditors - £3,900 (2022 - £205,717)Bank loans and overdraft are secured against the assets to which they relate.

GA2R LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Bank loans and overdraft (secured) - £112,561 (2022 - £153,953)Other creditors - £185,867 (2022 - £111,900)Bank loans and overdraft are secured against the assets to which they relate.