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REGISTERED NUMBER: 06815653 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

G & E George Ltd

G & E George Ltd (Registered number: 06815653)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G & E George Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr G George





SECRETARY: Mrs E George





REGISTERED OFFICE: 4 Hillway
Camden
London
N6 6QD





REGISTERED NUMBER: 06815653 (England and Wales)





ACCOUNTANTS: Cymans
Chartered Certified Accountants
1146 High Road
Whetstone
London
N20 0RA

G & E George Ltd (Registered number: 06815653)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 307 384
Investment property 5 275,775 275,775
276,082 276,159

CURRENT ASSETS
Cash at bank and in hand 173 93

CREDITORS
Amounts falling due within one year 6 14,027 13,666
NET CURRENT LIABILITIES (13,854 ) (13,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,228

262,586

PROVISIONS FOR LIABILITIES 8,016 8,016
NET ASSETS 254,212 254,570

CAPITAL AND RESERVES
Called up share capital 62 62
Retained earnings 7 254,150 254,508
SHAREHOLDERS' FUNDS 254,212 254,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

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

G & E George Ltd (Registered number: 06815653)

Statement of Financial Position - continued
29 February 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 28 September 2024 and were signed by:





Mr G George - Director


G & E George Ltd (Registered number: 06815653)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

G & E George 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.

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.

Turnover
Turnover represents rent receivable on an accrual basis.

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

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 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 NIL (2023 - NIL).

G & E George Ltd (Registered number: 06815653)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 2,274
DEPRECIATION
At 1 March 2023 1,890
Charge for year 77
At 29 February 2024 1,967
NET BOOK VALUE
At 29 February 2024 307
At 28 February 2023 384

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 275,775
NET BOOK VALUE
At 29 February 2024 275,775
At 28 February 2023 275,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 4,361 4,143
Other creditors 9,666 9,523
14,027 13,666

7. RESERVES

Retained earnings comprises of the following:

Distributable reserves £219,977 (£220,334 in 2023)

Non distributable reserves £34,174 (£34,174 in 2023)