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REGISTERED NUMBER: 08112100 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

G A PROPERTY & LEISURE LTD

G A PROPERTY & LEISURE LTD (REGISTERED NUMBER: 08112100)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G A PROPERTY & LEISURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: R Yonwin





REGISTERED OFFICE: 6 Poole Hill
Bournemouth
BH2 5PS





REGISTERED NUMBER: 08112100 (England and Wales)






G A PROPERTY & LEISURE LTD (REGISTERED NUMBER: 08112100)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 -
Tangible assets 5 26,250 -
Investments 6 78,601 118,601
Investment property 7 515,000 515,000
627,351 633,601

CURRENT ASSETS
Stocks 36,537 -
Debtors 8 134,453 -
Cash at bank 48,023 31,562
219,013 31,562
CREDITORS
Amounts falling due within one year 9 9,598 16,695
NET CURRENT ASSETS 209,415 14,867
TOTAL ASSETS LESS CURRENT LIABILITIES 836,766 648,468

CREDITORS
Amounts falling due after more than one
year

10

(443,377

)

(273,926

)

PROVISIONS FOR LIABILITIES (49,096 ) (45,885 )
NET ASSETS 344,293 328,657

G A PROPERTY & LEISURE LTD (REGISTERED NUMBER: 08112100)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 2 2
Revaluation reserve 226,500 226,500
Retained earnings 117,791 102,155
SHAREHOLDERS' FUNDS 344,293 328,657

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

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

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 and authorised for issue by the director and authorised for issue on 23 August 2024 and were signed by:





R Yonwin - Director


G A PROPERTY & LEISURE LTD (REGISTERED NUMBER: 08112100)

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


1. STATUTORY INFORMATION

G A Property & Leisure 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

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 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.


G A PROPERTY & LEISURE LTD (REGISTERED NUMBER: 08112100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 10,000
At 30 June 2024 10,000
AMORTISATION
Charge for year 2,500
At 30 June 2024 2,500
NET BOOK VALUE
At 30 June 2024 7,500

G A PROPERTY & LEISURE LTD (REGISTERED NUMBER: 08112100)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 35,000
At 30 June 2024 35,000
DEPRECIATION
Charge for year 8,750
At 30 June 2024 8,750
NET BOOK VALUE
At 30 June 2024 26,250

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 118,601
Disposals (40,000 )
At 30 June 2024 78,601
NET BOOK VALUE
At 30 June 2024 78,601
At 30 June 2023 118,601

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 515,000
NET BOOK VALUE
At 30 June 2024 515,000
At 30 June 2023 515,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 515,000

G A PROPERTY & LEISURE LTD (REGISTERED NUMBER: 08112100)

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


7. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 288,500 288,500

Investment property was valued on an open market basis on 30 June 2024 by the director .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,000 -
Other debtors 8,453 -
134,453 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,049 1,999
Hire purchase contracts 4,994 4,994
Taxation and social security 2,555 9,702
9,598 16,695

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,989 4,001
Hire purchase contracts 19,906 22,090
Other creditors 421,482 247,835
443,377 273,926

Amounts falling due in more than five years:

Repayable by instalments
Shareholders loan - 247,835

G A PROPERTY & LEISURE LTD (REGISTERED NUMBER: 08112100)

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


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 24,900 27,084
Other loans 86,000 -
110,900 27,084

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2