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REGISTERED NUMBER: 00757186 (England and Wales)



















R D GEESON (DERBY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






R D GEESON (DERBY) LIMITED (REGISTERED NUMBER: 00757186)

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


R D GEESON (DERBY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr R D Geeson
Mrs S Geeson



SECRETARY: Mrs S Geeson



REGISTERED OFFICE: Sandyhill Park
Middleton
Matlock
Derbyshire
DE4 4LR



REGISTERED NUMBER: 00757186 (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

R D GEESON (DERBY) LIMITED (REGISTERED NUMBER: 00757186)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,302,000 1,502,000
2,302,000 1,502,000

CURRENT ASSETS
Debtors 6 3,779 4,980
Cash at bank and in hand 3,667 25,548
7,446 30,528
CREDITORS
Amounts falling due within one year 7 567,971 588,247
NET CURRENT LIABILITIES (560,525 ) (557,719 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,741,475 944,281

PROVISIONS FOR LIABILITIES 407,551 -
NET ASSETS 1,333,924 944,281

CAPITAL AND RESERVES
Called up share capital 8 9,000 9,000
Fair value reserve 9 1,805,363 1,412,914
Retained earnings (480,439 ) (477,633 )
SHAREHOLDERS' FUNDS 1,333,924 944,281

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.

R D GEESON (DERBY) LIMITED (REGISTERED NUMBER: 00757186)

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


R D GEESON (DERBY) LIMITED (REGISTERED NUMBER: 00757186)

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


1. STATUTORY INFORMATION

R D Geeson (Derby) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Computer equipment - 33% on cost

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

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.

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.

R D GEESON (DERBY) LIMITED (REGISTERED NUMBER: 00757186)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 644
DEPRECIATION
At 1 November 2022
and 31 October 2023 644
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,502,000
Revaluations 800,000
At 31 October 2023 2,302,000
NET BOOK VALUE
At 31 October 2023 2,302,000
At 31 October 2022 1,502,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2017 562,914
Valuation in 2022 850,000
Valuation in 2023 800,000
Cost 89,086
2,302,000

R D GEESON (DERBY) LIMITED (REGISTERED NUMBER: 00757186)

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


5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 89,086 89,086

Investment properties were valued on a fair value basis on 31 October 2023 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,042 4,058
VAT - 185
Prepayments and accrued income 737 737
3,779 4,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,386 16,814
Amounts owed to group undertakings 532,224 552,224
Other creditors 18,361 18,361
Accruals and deferred income 1,000 848
567,971 588,247

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9,000 Ordinary £1 9,000 9,000

9. RESERVES
Fair
value
reserve
£   
At 1 November 2022 1,412,914
Transfer 800,000
Deferred tax adjustment on
revalued assets (407,551 )

At 31 October 2023 1,805,363

R D GEESON (DERBY) LIMITED (REGISTERED NUMBER: 00757186)

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


10. RELATED PARTY DISCLOSURES

R D Geeson (Derby) Limited owes £532,224 (2022: £552,224) to its holding company.

R D Geeson (Derby) Limited owes £18,361 (2022: £18,361) to related parties.