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REGISTERED NUMBER: 08106346 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

GEOFFREY FAIRCLOUGH LIMITED

GEOFFREY FAIRCLOUGH LIMITED (REGISTERED NUMBER: 08106346)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEOFFREY FAIRCLOUGH LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: GC Fairclough





REGISTERED OFFICE: 55a Neal Street
London
WC2H 9PJ





REGISTERED NUMBER: 08106346 (England and Wales)






GEOFFREY FAIRCLOUGH LIMITED (REGISTERED NUMBER: 08106346)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 307,260 540,286
307,260 540,286

CURRENT ASSETS
Debtors 6 1,351,909 936,502
Cash at bank 1,857 3,238
1,353,766 939,740
CREDITORS
Amounts falling due within one year 7 (238,474 ) (133,987 )
NET CURRENT ASSETS 1,115,292 805,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,422,552

1,346,039

CREDITORS
Amounts falling due after more than one
year

8

(99,884

)

(98,878

)
NET ASSETS 1,322,668 1,247,161

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,322,568 1,247,061
SHAREHOLDERS' FUNDS 1,322,668 1,247,161

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.

GEOFFREY FAIRCLOUGH LIMITED (REGISTERED NUMBER: 08106346)

Balance Sheet - 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





GC Fairclough - Director


GEOFFREY FAIRCLOUGH LIMITED (REGISTERED NUMBER: 08106346)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

Geoffrey Fairclough 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 (£).


The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents profit share from investments, consultancy and director's fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixed asset - 25% on cost

GEOFFREY FAIRCLOUGH LIMITED (REGISTERED NUMBER: 08106346)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixed
asset
£   
COST
At 1 April 2023
and 31 March 2024 8,834
DEPRECIATION
At 1 April 2023
and 31 March 2024 8,834
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

GEOFFREY FAIRCLOUGH LIMITED (REGISTERED NUMBER: 08106346)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS


Unlisted
investments
£
COST OR VALUATION
At 1 April 2023 540,236
Net movement (233,026 )
At 31 March 2024 307,260
NET BOOK VALUE
At 31 March 2024 307,260

At 31 March 2023 504,236

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Practice debtors 647,010 612,010
Other debtors 285,779 150,563
Directors' current accounts 419,120 173,929
1,351,909 936,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,160 5,040
Trade creditors 941 488
Tax 31,801 34,083
Other creditors 200,572 94,376
238,474 133,987

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 6,509 11,802
Other creditors 93,375 87,076
99,884 98,878

GEOFFREY FAIRCLOUGH LIMITED (REGISTERED NUMBER: 08106346)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
GC Fairclough
Balance outstanding at start of year 173,929 34,982
Amounts advanced 245,191 138,947
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 419,120 173,929