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REGISTERED NUMBER: 10645968 (England and Wales)















Financial Statements for the Year Ended 29 December 2023

for

GS Old Hall St Limited

GS Old Hall St Limited (Registered number: 10645968)






Contents of the Financial Statements
for the Year Ended 29 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GS Old Hall St Limited

Company Information
for the Year Ended 29 December 2023







DIRECTORS: Miss N Haywood
G P Haywood





REGISTERED OFFICE: 65-67 Bold Street
Liverpool
L1 4EZ





REGISTERED NUMBER: 10645968 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

GS Old Hall St Limited (Registered number: 10645968)

Balance Sheet
29 December 2023

29.12.23 29.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 299,101 328,643

CURRENT ASSETS
Stocks 10,000 5,000
Debtors 5 149,383 34,837
Prepayments and accrued income - 79,931
Cash at bank and in hand 11,286 2,604
170,669 122,372
CREDITORS
Amounts falling due within one year 6 736,419 633,654
NET CURRENT LIABILITIES (565,750 ) (511,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(266,649

)

(182,639

)

CREDITORS
Amounts falling due after more than
one year

7

29,056

61,437
NET LIABILITIES (295,705 ) (244,076 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (295,706 ) (244,077 )
(295,705 ) (244,076 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

GS Old Hall St Limited (Registered number: 10645968)

Balance Sheet - continued
29 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 19 September 2024 and were signed on its behalf by:





Miss N Haywood - Director


GS Old Hall St Limited (Registered number: 10645968)

Notes to the Financial Statements
for the Year Ended 29 December 2023

1. STATUTORY INFORMATION

GS Old Hall St 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.

The accounts have been prepared on a going concern basis despite the bar being closed at various times since the beginning of the pandemic. The directors are confident that the company will return back to profitability after the pandemic is over.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover arises from the running of a licenced restaurant and is measured at the fair value of the consideration received or receivable, excluding discounts, rebated, value added tax and other sales taxes. Revenue is recognised upon sale of food and drink and when the restaurant is occupied as a venue.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


GS Old Hall St Limited (Registered number: 10645968)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - NIL ) .

GS Old Hall St Limited (Registered number: 10645968)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 December 2022 505,287
Additions 5,581
Disposals (2,235 )
At 29 December 2023 508,633
DEPRECIATION
At 30 December 2022 176,644
Charge for year 33,253
Eliminated on disposal (365 )
At 29 December 2023 209,532
NET BOOK VALUE
At 29 December 2023 299,101
At 29 December 2022 328,643

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 30 December 2022
and 29 December 2023 39,463
DEPRECIATION
At 30 December 2022 19,707
Charge for year 2,963
At 29 December 2023 22,670
NET BOOK VALUE
At 29 December 2023 16,793
At 29 December 2022 19,756

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 29.12.22
£    £   
Trade debtors 36,603 -
Amounts owed by associates 67,644 -
Other debtors 45,136 34,837
149,383 34,837

GS Old Hall St Limited (Registered number: 10645968)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.23 29.12.22
£    £   
Bank loans and overdrafts 38,171 45,982
Trade creditors 38,156 47,612
Amounts owed to associates 507,923 418,490
Taxation and social security 80,595 52,741
Other creditors 71,574 68,829
736,419 633,654

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.12.23 29.12.22
£    £   
Bank loans 29,056 61,437

8. SECURED DEBTS

The following secured debts are included within creditors:

29.12.23 29.12.22
£    £   
Bank loans 67,227 107,419