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REGISTERED NUMBER: 13123140 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Great West Limited

Great West Limited (Registered number: 13123140)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Great West Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: K Gulati





REGISTERED OFFICE: The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA





REGISTERED NUMBER: 13123140 (England and Wales)






Great West Limited (Registered number: 13123140)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,100,000 -
Investments 5 1,400,969 1,461,293
5,500,969 1,461,293

Current assets
Debtors 6 48,410 23,640
Cash at bank and in hand 103,111 120
151,521 23,760
Creditors
Amounts falling due within one year 7 2,060,155 1,487,783
Net current liabilities (1,908,634 ) (1,464,023 )
Total assets less current liabilities 3,592,335 (2,730 )

Creditors
Amounts falling due after more than one
year

8

3,310,598

-
Net assets/(liabilities) 281,737 (2,730 )

Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 699,708 -
Retained earnings (418,071 ) (2,830 )
281,737 (2,730 )

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

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

Great West Limited (Registered number: 13123140)

Balance Sheet - continued
31 January 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 28 January 2025 and were signed by:





K Gulati - Director


Great West Limited (Registered number: 13123140)

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


1. Statutory information

Great West 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.

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 ) .

Great West Limited (Registered number: 13123140)

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


4. Tangible fixed assets
Land and
buildings
£   
Cost or valuation
Additions 3,400,292
Revaluations 699,708
At 31 January 2024 4,100,000
Net book value
At 31 January 2024 4,100,000

Cost or valuation at 31 January 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 699,708
Cost 3,400,292
4,100,000

5. Fixed asset investments
Other
investments
£   
Cost
At 1 February 2023 1,461,293
Additions (60,324 )
At 31 January 2024 1,400,969
Net book value
At 31 January 2024 1,400,969
At 31 January 2023 1,461,293

6. Debtors: amounts falling due within one year
31.1.24 31.1.23
£    £   
Other debtors 48,410 23,640

7. Creditors: amounts falling due within one year
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 69,574 -
Trade creditors 1,989,381 1,486,583
Other creditors 1,200 1,200
2,060,155 1,487,783

Great West Limited (Registered number: 13123140)

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


8. Creditors: amounts falling due after more than one year
31.1.24 31.1.23
£    £   
Bank loans 3,310,598 -

9. Reserves
Revaluation
reserve
£   
Revaluation reserve 699,708

At 31 January 2024 699,708

10. Ultimate controlling party

The ultimate controlling party is the director.