Company Registration No. 12986875 (England and Wales)
Generational Holdings Limited
Unaudited accounts
for the year ended 31 October 2024
Generational Holdings Limited
Unaudited accounts
Contents
Generational Holdings Limited
Company Information
for the year ended 31 October 2024
Directors
Diana Yuan Yng Chiu
Che Ming Wong
Company Number
12986875 (England and Wales)
Registered Office
11 Wickenby Drive,
Sale,
M33 7U.
England
Accountants
HD Accountancy Services Ltd
St. Peters Chambers
2-4 Primitive Street
Huddersfield
West Yorkshire
HD1 1QZ
Generational Holdings Limited
Statement of financial position
as at 31 October 2024
Investment property
482,742
482,742
Cash at bank and in hand
15,807
26,305
Creditors: amounts falling due within one year
(43,097)
(57,635)
Net current liabilities
(27,290)
(31,330)
Total assets less current liabilities
455,452
451,412
Creditors: amounts falling due after more than one year
(419,230)
(419,230)
Called up share capital
2
2
Profit and loss account
36,220
32,180
Shareholders' funds
36,222
32,182
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by
Diana Yuan Yng Chiu
Director
Company Registration No. 12986875
Generational Holdings Limited
Notes to the Accounts
for the year ended 31 October 2024
Generational Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12986875. The registered office is 11 Wickenby Drive, , Sale,, M33 7U., England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 November 2023
482,742
At 31 October 2024
482,742
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,000
3,000
Taxes and social security
1,182
5,942
Loans from directors
38,865
48,443
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
419,230
419,230
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).