Company Registration No. 14856632 (England and Wales)
Great Real Estate Ltd
Unaudited accounts
for the period from 9 May 2023 to 31 May 2024
Great Real Estate Ltd
Unaudited accounts
Contents
Great Real Estate Ltd
Company Information
for the period from 9 May 2023 to 31 May 2024
Director
Alexandros Kesidis
Company Number
14856632 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
United Kingdom
Accountants
Contrast Accounting Limited T/A Accrue Accounting
Unit E4 Arena Business Centre
Holyrood Close
Poole
BH17 7FP
Great Real Estate Ltd
Statement of financial position
as at 31 May 2024
Investment property
206,000
Cash at bank and in hand
1,319
Creditors: amounts falling due within one year
(70,017)
Net current liabilities
(68,698)
Total assets less current liabilities
137,302
Creditors: amounts falling due after more than one year
(162,225)
Profit and loss account
(24,924)
Shareholders' funds
(24,923)
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2024 and were signed on its behalf by
Alexandros Kesidis
Director
Company Registration No. 14856632
Great Real Estate Ltd
Notes to the Accounts
for the period from 9 May 2023 to 31 May 2024
Great Real Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 14856632. The registered office is 128 City Road, London, EC1V 2NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Net loss from fair value adjustments
(8,997)
Great Real Estate Ltd
Notes to the Accounts
for the period from 9 May 2023 to 31 May 2024
5
Creditors: amounts falling due within one year
2024
Loans from directors
68,717
6
Creditors: amounts falling due after more than one year
2024
Of the creditors falling due after one year, £162,225 is secured. The mortgage is interest only with a term of 25 years.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
Shares issued during the period:
1 Ordinary shares of £1 each
1
8
Average number of employees
During the period the average number of employees was 1.