G3G HC LIMITED

Company Registration Number:
NI677024 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

G3G HC LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

G3G HC LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 737,712 737,712
Tangible assets: 4 4,003,301 3,680,803
Investments: 5 4,990,751 4,990,751
Total fixed assets: 9,731,764 9,409,266
Current assets
Stocks: 667,434 864,648
Debtors:   846,310 1,083,102
Cash at bank and in hand: 252,051 406,074
Total current assets: 1,765,795 2,353,824
Creditors: amounts falling due within one year:   (8,993,122) (5,515,729)
Net current assets (liabilities): (7,227,327) (3,161,905)
Total assets less current liabilities: 2,504,437 6,247,361
Creditors: amounts falling due after more than one year:   (2,790,813) (6,255,201)
Provision for liabilities: (182,526) (402,526)
Total net assets (liabilities): (468,902) (410,366)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (469,002) (410,466)
Shareholders funds: (468,902) (410,366)

The notes form part of these financial statements

G3G HC LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 December 2024
and signed on behalf of the board by:

Name: Garvan O'Doherty
Status: Director

The notes form part of these financial statements

G3G HC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

G3G HC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 48 101

G3G HC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 7,191,215
At 31 December 2023 7,191,215
Amortisation
At 01 January 2023 6,453,503
Charge for year 0
At 31 December 2023 6,453,503
Net book value
At 31 December 2023 737,712
At 31 December 2022 737,712

G3G HC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 5,366,659
Additions 647,498
At 31 December 2023 6,014,157
Depreciation
At 01 January 2023 1,685,856
Charge for year 325,000
At 31 December 2023 2,010,856
Net book value
At 31 December 2023 4,003,301
At 31 December 2022 3,680,803

G3G HC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

Investment Property Freehold Investment Property was valued By Lisney Commercial Real Estate at £4,990,751 at 31 Dec 2022 and the Director does not believe there has been any material change in value and the 31st Dec 2023 value remains unchanged at £4,990,751.

G3G HC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Post balance sheet events

A subsidiary company - the assets and goodwill of 15CR Hotels Limited was sold on 31st July 2024.