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REGISTERED NUMBER: 14018369 (England and Wales)












GM & RE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GM & RE HOLDINGS LIMITED (REGISTERED NUMBER: 14018369)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GM & RE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G D Motteram
Miss R Z Elliott





REGISTERED OFFICE: 1 Eastgate
Louth
Lincolnshire
LN11 9NB





REGISTERED NUMBER: 14018369 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Louth)
Chartered Certified Accountants
1 Eastgate
Louth
Lincolnshire
LN11 9NB

GM & RE HOLDINGS LIMITED (REGISTERED NUMBER: 14018369)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,981 2,330
Investment property 5 81,093 79,353
83,074 81,683

CURRENT ASSETS
Debtors 259 -
Cash at bank 535 319
794 319
CREDITORS
Amounts falling due within one year 38,765 35,587
NET CURRENT LIABILITIES (37,971 ) (35,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,103

46,415

CREDITORS
Amounts falling due after more than one year 6 (49,200 ) (48,125 )

PROVISIONS FOR LIABILITIES 7 (376 ) (443 )
NET LIABILITIES (4,473 ) (2,153 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,573 ) (2,253 )
(4,473 ) (2,153 )

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

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

GM & RE HOLDINGS LIMITED (REGISTERED NUMBER: 14018369)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2024 and were signed on its behalf by:




G D Motteram - Director



Miss R Z Elliott - Director


GM & RE HOLDINGS LIMITED (REGISTERED NUMBER: 14018369)

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


1. STATUTORY INFORMATION

GM & RE Holdings 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 (£).


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 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 - 15% 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 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 2 (2023 - 2 ) .

GM & RE HOLDINGS LIMITED (REGISTERED NUMBER: 14018369)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 2,451
DEPRECIATION
At 1 May 2023 121
Charge for year 349
At 30 April 2024 470
NET BOOK VALUE
At 30 April 2024 1,981
At 30 April 2023 2,330

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 79,353
Additions 1,740
At 30 April 2024 81,093
NET BOOK VALUE
At 30 April 2024 81,093
At 30 April 2023 79,353

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 44,200 37,625

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 376 443

Deferred
tax
£   
Balance at 1 May 2023 443
Accelerated capital allowances (67 )
Balance at 30 April 2024 376

GM & RE HOLDINGS LIMITED (REGISTERED NUMBER: 14018369)

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


8. GOING CONCERN

The Directors consider the company to be a going concern with their support, and have prepared the accounts on this basis.