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REGISTERED NUMBER: 06788507 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2024

FOR

GEOBELLA DEVELOPMENTS LTD

GEOBELLA DEVELOPMENTS LTD (REGISTERED NUMBER: 06788507)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEOBELLA DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JANUARY 2024







DIRECTOR: C R Kennedy





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 06788507 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

GEOBELLA DEVELOPMENTS LTD (REGISTERED NUMBER: 06788507)

BALANCE SHEET
30 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,120 18,546

CURRENT ASSETS
Stocks 12,967 12,967
Debtors 5 8,934 38,341
Cash at bank 52,534 4,963
74,435 56,271
CREDITORS
Amounts falling due within one year 6 91,663 126,194
NET CURRENT LIABILITIES (17,228 ) (69,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,108

)

(51,377

)

PROVISIONS FOR LIABILITIES 3,521 1,494
NET LIABILITIES (5,629 ) (52,871 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,630 ) (52,872 )
SHAREHOLDERS' FUNDS (5,629 ) (52,871 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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.

GEOBELLA DEVELOPMENTS LTD (REGISTERED NUMBER: 06788507)

BALANCE SHEET - continued
30 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2024 and were signed by:





C R Kennedy - Director


GEOBELLA DEVELOPMENTS LTD (REGISTERED NUMBER: 06788507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024


1. STATUTORY INFORMATION

Geobella Developments 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.

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 financial statements have been prepared on a going concern basis. This is dependent on the continued support of Mr C R Kennedy and he has indicated that this support will continue for the foreseeable future.

Turnover
Turnover represents properties sold during the year, exclusive of 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.
Plant and machinery - 15% on reducing balance
Fixtures & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GEOBELLA DEVELOPMENTS LTD (REGISTERED NUMBER: 06788507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor Computer
machinery & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 31 January 2023 5,735 7,307 22,350 7,465 42,857
Additions - - - 1,372 1,372
At 30 January 2024 5,735 7,307 22,350 8,837 44,229
DEPRECIATION
At 31 January 2023 2,231 5,696 9,779 6,605 24,311
Charge for year 526 242 3,143 887 4,798
At 30 January 2024 2,757 5,938 12,922 7,492 29,109
NET BOOK VALUE
At 30 January 2024 2,978 1,369 9,428 1,345 15,120
At 30 January 2023 3,504 1,611 12,571 860 18,546

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 38,341
Amounts recoverable on contract 8,934 -
8,934 38,341

GEOBELLA DEVELOPMENTS LTD (REGISTERED NUMBER: 06788507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,388 10,247
Taxation and social security 14,759 30,571
Other creditors 74,516 85,376
91,663 126,194

7. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH THE DIRECTOR

A non interest bearing loan on which no terms of repayment have been agreed. The amount due to the director at the balance sheet date amounted to £73,406 (2023 - £84,285).