IRIS Accounts Production v24.1.9.2 01481962 Board of Directors 1.11.22 31.10.23 31.10.23 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014819622022-10-31014819622023-10-31014819622022-11-012023-10-31014819622021-10-31014819622021-11-012022-10-31014819622022-10-3101481962ns15:EnglandWales2022-11-012023-10-3101481962ns14:PoundSterling2022-11-012023-10-3101481962ns10:Director12022-11-012023-10-3101481962ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3101481962ns10:SmallEntities2022-11-012023-10-3101481962ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3101481962ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3101481962ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3101481962ns10:FullAccounts2022-11-012023-10-3101481962ns10:Director22022-11-012023-10-3101481962ns10:Director32022-11-012023-10-3101481962ns10:Director42022-11-012023-10-3101481962ns10:CompanySecretary12022-11-012023-10-3101481962ns10:RegisteredOffice2022-11-012023-10-3101481962ns5:CurrentFinancialInstruments2023-10-3101481962ns5:CurrentFinancialInstruments2022-10-3101481962ns5:ShareCapital2023-10-3101481962ns5:ShareCapital2022-10-3101481962ns5:CapitalRedemptionReserve2023-10-3101481962ns5:CapitalRedemptionReserve2022-10-3101481962ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3101481962ns5:FurtherSpecificReserve3ComponentTotalEquity2022-10-3101481962ns5:RetainedEarningsAccumulatedLosses2023-10-3101481962ns5:RetainedEarningsAccumulatedLosses2022-10-3101481962ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-11-012023-10-3101481962ns5:PlantMachinery2022-11-012023-10-3101481962ns5:FurnitureFittings2022-11-012023-10-3101481962ns5:MotorVehicles2022-11-012023-10-3101481962ns5:LandBuildings2022-10-3101481962ns5:PlantMachinery2022-10-3101481962ns5:FurnitureFittings2022-10-3101481962ns5:MotorVehicles2022-10-3101481962ns5:LandBuildings2022-11-012023-10-3101481962ns5:LandBuildings2023-10-3101481962ns5:PlantMachinery2023-10-3101481962ns5:FurnitureFittings2023-10-3101481962ns5:MotorVehicles2023-10-3101481962ns5:LandBuildings2022-10-3101481962ns5:PlantMachinery2022-10-3101481962ns5:FurnitureFittings2022-10-3101481962ns5:MotorVehicles2022-10-3101481962ns5:CostValuation2022-10-3101481962ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3101481962ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3101481962ns5:FurtherSpecificReserve3ComponentTotalEquity2022-10-31
REGISTERED NUMBER: 01481962 (England and Wales)



















GEESON HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






GEESON HOLDINGS LIMITED (REGISTERED NUMBER: 01481962)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


GEESON HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr R D Geeson
Mrs E J Geeson
Mr R D Geeson
Mrs S Geeson



SECRETARY: Mrs E J Geeson



REGISTERED OFFICE: Sandyhill Park
Middleton
Matlock
Derbyshire
DE4 4LR



REGISTERED NUMBER: 01481962 (England and Wales)



ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ



BANKERS: HSBC Bank Plc
1 St Peters Street
Derby
Derbyshire
DE1 2AE

GEESON HOLDINGS LIMITED (REGISTERED NUMBER: 01481962)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 688,893 700,721
Investments 5 186,000 110,364
Investment property 6 832,974 832,974
1,707,867 1,644,059

CURRENT ASSETS
Debtors 7 562,989 594,713
Cash at bank and in hand 42,493 59,016
605,482 653,729
CREDITORS
Amounts falling due within one year 8 724,402 762,946
NET CURRENT LIABILITIES (118,920 ) (109,217 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,588,947 1,534,842

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 211,150 211,150
Fair value reserve 9 35,890 35,890
Retained earnings 1,341,407 1,287,302
SHAREHOLDERS' FUNDS 1,588,947 1,534,842

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

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

The directors acknowledge their 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.

GEESON HOLDINGS LIMITED (REGISTERED NUMBER: 01481962)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr R D Geeson - Director


GEESON HOLDINGS LIMITED (REGISTERED NUMBER: 01481962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Geeson Holdings 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.

2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

The land element of the freehold property has not been depreciated.

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the assets capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

GEESON HOLDINGS LIMITED (REGISTERED NUMBER: 01481962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 673,033 85,518 7,135 151,201 916,887
Additions - 1,816 3,588 - 5,404
At 31 October 2023 673,033 87,334 10,723 151,201 922,291
DEPRECIATION
At 1 November 2022 60,514 73,920 4,668 77,064 216,166
Charge for year 551 4,551 820 11,310 17,232
At 31 October 2023 61,065 78,471 5,488 88,374 233,398
NET BOOK VALUE
At 31 October 2023 611,968 8,863 5,235 62,827 688,893
At 31 October 2022 612,519 11,598 2,467 74,137 700,721

Included in cost of land and buildings is freehold land of £ 610,516 (2022 - £ 610,516 ) which is not depreciated.

GEESON HOLDINGS LIMITED (REGISTERED NUMBER: 01481962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 171,000 100,110 271,110
PROVISIONS
At 1 November 2022 75,636 85,110 160,746
Provision for year (75,636 ) - (75,636 )
At 31 October 2023 - 85,110 85,110
NET BOOK VALUE
At 31 October 2023 171,000 15,000 186,000
At 31 October 2022 95,364 15,000 110,364

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 832,974
NET BOOK VALUE
At 31 October 2023 832,974
At 31 October 2022 832,974

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,308 23,201
Amounts owed by group undertakings 532,224 552,224
Prepayments and accrued income 4,457 19,288
562,989 594,713

GEESON HOLDINGS LIMITED (REGISTERED NUMBER: 01481962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,634 14,710
Corporation tax 17,121 17,275
Social security and other taxes 803 784
VAT 11,173 9,225
Other creditors 113 113
Directors' current accounts 658,272 700,321
Accruals and deferred income 19,286 20,518
724,402 762,946

9. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 31 October 2023 35,890

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have lent £658,272 (2022: £700,321) to the company and the balance remains outstanding at the year end.

11. RELATED PARTY DISCLOSURES

Geeson Holdings Limited is owed £532,224 (2022: £552,224) by its subsidiary.