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REGISTERED NUMBER: 09159880 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 August 2024

for

GH Real Estate Limited

GH Real Estate Limited (Registered number: 09159880)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GH Real Estate Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N D Grimshaw
Mrs L K Grimshaw





REGISTERED OFFICE: Chartered House
Axis Court
Nepshaw Lane South
Leeds
West Yorkshire
LS27 7UY





REGISTERED NUMBER: 09159880 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

GH Real Estate Limited (Registered number: 09159880)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 519,670 519,670
519,670 519,670

CURRENT ASSETS
Debtors 6 5,884 6,370
Cash at bank 3,758 36,396
9,642 42,766
CREDITORS
Amounts falling due within one year 7 515,728 521,478
NET CURRENT LIABILITIES (506,086 ) (478,712 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,584

40,958

PROVISIONS FOR LIABILITIES 2,871 7,178
NET ASSETS 10,713 33,780

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,613 33,680
SHAREHOLDERS' FUNDS 10,713 33,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GH Real Estate Limited (Registered number: 09159880)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





N D Grimshaw - Director


GH Real Estate Limited (Registered number: 09159880)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

GH Real Estate 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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 balance sheet date.

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 ) .

GH Real Estate Limited (Registered number: 09159880)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 145
DEPRECIATION
At 1 September 2023
and 31 August 2024 145
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 519,670
NET BOOK VALUE
At 31 August 2024 519,670
At 31 August 2023 519,670

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 340,000
Valuation in 2022 15,000
Valuation in 2023 164,670
519,670

investment property was valued on open market basis on 31 August 2022 by the directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 750 -
Other debtors 5,134 6,370
5,884 6,370

GH Real Estate Limited (Registered number: 09159880)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 1 1
Amounts owed to group undertakings 513,716 518,716
Other creditors 2,011 2,761
515,728 521,478

8. RELATED PARTY DISCLOSURES

During the year repayments of £5,000 were made to GH Investments Limited. As at 31 August 2024 the balance outstanding was £513,716 (2023: £518,716). GH Investments Limited owns all of the share capital of GH Real Estate Limited. The loan is non interest bearing and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of it's directors.