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REGISTERED NUMBER: 02361442 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

G2 Travel Limited

G2 Travel Limited (Registered number: 02361442)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

G2 Travel Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: G Constantinou





SECRETARY: Mrs J Constantinou





REGISTERED OFFICE: 34-36 Verulam Road
St Albans
Hertfordshire
AL3 4DE





REGISTERED NUMBER: 02361442 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

G2 Travel Limited (Registered number: 02361442)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 390,988 391,494

CURRENT ASSETS
Cash at bank 1,540 512

CREDITORS
Amounts falling due within one year 5 193,867 180,660
NET CURRENT LIABILITIES (192,327 ) (180,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,661

211,346

CREDITORS
Amounts falling due after more than one
year

6

153,984

154,368
NET ASSETS 44,677 56,978

CAPITAL AND RESERVES
Called up share capital 50,000 60,000
Revaluation reserve 8 120,430 120,430
Retained earnings (125,753 ) (123,452 )
SHAREHOLDERS' FUNDS 44,677 56,978

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 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.

G2 Travel Limited (Registered number: 02361442)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 January 2025 and were signed by:





G Constantinou - Director


G2 Travel Limited (Registered number: 02361442)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

G2 Travel 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost

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 ) .

G2 Travel Limited (Registered number: 02361442)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Freehold Office
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 390,734 4,274 395,008
DEPRECIATION
At 1 May 2023 - 3,514 3,514
Charge for year - 506 506
At 30 April 2024 - 4,020 4,020
NET BOOK VALUE
At 30 April 2024 390,734 254 390,988
At 30 April 2023 390,734 760 391,494

Cost or valuation at 30 April 2024 is represented by:

Freehold Office
property equipment Totals
£    £    £   
Valuation in 1997 120,430 - 120,430
Valuation in 2001 89,146 - 89,146
Cost 181,158 4,274 185,432
390,734 4,274 395,008

If the Freehold Property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 181,159 177,122

Value of land in freehold land and buildings 390,734 390,734

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 350 350
Taxation and social security - (101 )
Other creditors 193,517 180,411
193,867 180,660

G2 Travel Limited (Registered number: 02361442)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 2,076 2,460
Other creditors 151,908 151,908
153,984 154,368

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan Over 5 Years 676 1,060

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 2,426 2,810

Barclays Bank plc hold security over the freehold property of the company dated 23 January 1997.

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 120,430

G2 Travel Limited

Report of the Accountants to the Director of
G2 Travel Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG


Date: .............................................