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REGISTERED NUMBER: 03883776 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GEO MANAGEMENT LIMITED

GEO MANAGEMENT LIMITED (REGISTERED NUMBER: 03883776)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


GEO MANAGEMENT LIMITED (REGISTERED NUMBER: 03883776)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,797 8,116
Investments 5 50 50
Investment property 6 5,377,000 5,752,000
5,382,847 5,760,166

CURRENT ASSETS
Debtors 7 73,117 145,490
Cash at bank 141,718 205,076
214,835 350,566
CREDITORS
Amounts falling due within one year 8 296,338 315,270
NET CURRENT (LIABILITIES)/ASSETS (81,503 ) 35,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,301,344

5,795,462

CREDITORS
Amounts falling due after more than one
year

9

(3,315,868

)

(3,681,120

)

PROVISIONS FOR LIABILITIES (57,636 ) (56,804 )
NET ASSETS 1,927,840 2,057,538

CAPITAL AND RESERVES
Called up share capital 11 400 400
Retained earnings 1,927,440 2,057,138
SHAREHOLDERS' FUNDS 1,927,840 2,057,538

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 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.

GEO MANAGEMENT LIMITED (REGISTERED NUMBER: 03883776)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:




D J Mills - Director



L M Mills - Director


GEO MANAGEMENT LIMITED (REGISTERED NUMBER: 03883776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Geo Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03883776

Registered office: Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling, which is the functional currency of the company and rounded to the nearest £.

Going Concern
As at 31 March 2024, the company had net current liabilities of £81,503. The directors believe, after reviewing the business activities of the company, together with the factors likely to affect its future development, its financial position, its exposure to financial risk, and on the basis of funding available, that the company has sufficient resources to continue in operation for the foreseeable future. Therefore, the directors believe it appropriate to adopt the going concern basis in preparing financial statements.

Turnover
Turnover represents amounts receivable for rental, associated income and other services supplied during the period, net of value added tax. Rents received in advance are initially deferred with revenue recognised in the income statement over the terms as detailed in the respective tenancy agreements. Turnover relating to contract work is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover on individual contracts is included as accrued income within debtors.

Tangible assets
Tangible assets are recorded at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc - 25% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost less any provision for impairment.

Investment property
Investment property is initially recorded at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. Changes in fair value are recognised in profit or loss in the period in which it arises.

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.


GEO MANAGEMENT LIMITED (REGISTERED NUMBER: 03883776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 19,365
Additions 1,488
Disposals (4,926 )
At 31 March 2024 15,927
DEPRECIATION
At 1 April 2023 11,249
Charge for year 3,807
Eliminated on disposal (4,926 )
At 31 March 2024 10,130
NET BOOK VALUE
At 31 March 2024 5,797
At 31 March 2023 8,116

GEO MANAGEMENT LIMITED (REGISTERED NUMBER: 03883776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 400 50 450
PROVISIONS
At 1 April 2023
and 31 March 2024 400 - 400
NET BOOK VALUE
At 31 March 2024 - 50 50
At 31 March 2023 - 50 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 5,752,000
Revaluations (375,000 )
At 31 March 2024 5,377,000
NET BOOK VALUE
At 31 March 2024 5,377,000
At 31 March 2023 5,752,000

The directors value the company's investment property portfolio annually at the balance sheet date. The directors take an external property agent's view on the market, together with their own knowledge and experience to assess the open market value of each property.

The historical cost of the company's investment properties was £7,542,492 (2023 - £7,542,492).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,126 117,894
Other debtors 30,991 27,596
73,117 145,490

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 240 -
Taxation and social security 102,188 76,519
Other creditors 193,910 238,751
296,338 315,270

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 3,315,868 3,681,120

GEO MANAGEMENT LIMITED (REGISTERED NUMBER: 03883776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 217,008 70,000

Other loans are secured by a charge over certain investment properties of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value:
£ £
278 Ordinary A £1 278 278
70 Ordinary B £1 70 70
13 Ordinary C £1 13 13
13 Ordinary D £1 13 13
13 Ordinary E £1 13 13
13 Ordinary F £1 13 13
400 400