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REGISTERED NUMBER: 01345024 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Geyer Estates Limited

Geyer Estates Limited (Registered number: 01345024)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Geyer Estates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K A G Geyer
S M Geyer
H W Geyer





SECRETARY: S M Geyer





REGISTERED OFFICE: 20 Tavistock Place
London
WC1H 9RE





REGISTERED NUMBER: 01345024 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Geyer Estates Limited (Registered number: 01345024)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,278,458 1,311,943
Investments 6 683,400 683,400
Investment property 7 500,000 500,000
2,461,858 2,495,343

CURRENT ASSETS
Debtors 8 13,323 336,619
Cash at bank and in hand 1,202,528 472,883
1,215,851 809,502
CREDITORS
Amounts falling due within one year 9 854,695 340,995
NET CURRENT ASSETS 361,156 468,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,823,014

2,963,850

PROVISIONS FOR LIABILITIES 10 19,200 14,592
NET ASSETS 2,803,814 2,949,258

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Non distributable reserves 11 1,038,897 1,043,505
Retained earnings 11 1,714,917 1,855,753
SHAREHOLDERS' FUNDS 2,803,814 2,949,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Geyer Estates Limited (Registered number: 01345024)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:




H W Geyer - Director



S M Geyer - Director


Geyer Estates Limited (Registered number: 01345024)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Geyer Estates 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents net invoiced sales of hotel services, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost or valuation
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

Geyer Estates Limited (Registered number: 01345024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 25 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,550,000 1,120 253,934
DEPRECIATION
At 1 January 2023 248,000 1,120 251,425
Charge for year 31,000 - 627
At 31 December 2023 279,000 1,120 252,052
NET BOOK VALUE
At 31 December 2023 1,271,000 - 1,882
At 31 December 2022 1,302,000 - 2,509

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 10,959 9,372 1,825,385
DEPRECIATION
At 1 January 2023 3,596 9,301 513,442
Charge for year 1,840 18 33,485
At 31 December 2023 5,436 9,319 546,927
NET BOOK VALUE
At 31 December 2023 5,523 53 1,278,458
At 31 December 2022 7,363 71 1,311,943

Geyer Estates Limited (Registered number: 01345024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 683,400
NET BOOK VALUE
At 31 December 2023 683,400
At 31 December 2022 683,400

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 500,000
NET BOOK VALUE
At 31 December 2023 500,000
At 31 December 2022 500,000

The investment property is valued annually by the directors on an open market existing use basis.

The historical cost of the investment property amount to £330,627 (2022 - £330,627).

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 13,323 336,619

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 117,038 213,084
Other creditors 737,657 127,911
854,695 340,995

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 19,200 14,592

Geyer Estates Limited (Registered number: 01345024)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 14,592
Charge to Income Statement during year 4,608
Balance at 31 December 2023 19,200

11. RESERVES
Non
Retained distributable
earnings reserves Totals
£    £    £   

At 1 January 2023 1,855,753 1,043,505 2,899,258
Profit for the year 38,556 38,556
Dividends (184,000 ) (184,000 )
Deferred tax provision 4,608 (4,608 ) -
At 31 December 2023 1,714,917 1,038,897 2,753,814

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
K A G Geyer
Balance outstanding at start of year 324,319 -
Amounts advanced - 324,319
Amounts repaid (324,319 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 324,319

13. RELATED PARTY DISCLOSURES

Other income includes rent of £3,500 charged to the directors for private use of hotel facilities & food.