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REGISTERED NUMBER: 06715371 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

GEU Associates Ltd

GEU Associates Ltd (Registered number: 06715371)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GEU Associates Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: T G Eastwood Unwin





REGISTERED OFFICE: 5 Tansur Court
St Neots
Cambridgeshire
PE19 1RA





REGISTERED NUMBER: 06715371 (England and Wales)





ACCOUNTANTS: Caroola Accountancy Limited
840 Ibis Court
Centre Park Square
Warrington
WA1 1RL

GEU Associates Ltd (Registered number: 06715371)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,045 1,467
Investments 5 - 119,516
1,045 120,983

CURRENT ASSETS
Debtors 6 5,311 2,380
Cash at bank 155,345 41,581
160,656 43,961
CREDITORS
Amounts falling due within one year 7 7,426 2,703
NET CURRENT ASSETS 153,230 41,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,275

162,241

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 - 35,435
Retained earnings 154,274 126,805
154,275 162,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GEU Associates Ltd (Registered number: 06715371)

Statement of Financial Position - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





T G Eastwood Unwin - Director


GEU Associates Ltd (Registered number: 06715371)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

GEU Associates Ltd 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GEU Associates Ltd (Registered number: 06715371)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 980 2,177 3,157
DEPRECIATION
At 1 April 2023 567 1,123 1,690
Charge for year 103 319 422
At 31 March 2024 670 1,442 2,112
NET BOOK VALUE
At 31 March 2024 310 735 1,045
At 31 March 2023 413 1,054 1,467

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 119,516
Disposals (119,516 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 119,516

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 119,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts - 1,375
Tax - 844
Prepayments 5,311 161
5,311 2,380

GEU Associates Ltd (Registered number: 06715371)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 3,334 -
Social security and other taxes - 1,609
VAT 2,748 1,094
Directors' current accounts 1,344 -
7,426 2,703

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 35,435
Unrealised Profit (35,435 )

At 31 March 2024 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 March 2024 GEU Associates Ltd owed the Director £1,343.74 (31 March 2023 The Director owed GEU Associates Ltd £1,375.40)

10. ULTIMATE CONTROLLING PARTY

The controlling party is T G Eastwood Unwin.

The ultimate controlling party is T G Eastwood Unwin.