GBE Property Group Limited 07231948 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the identification and development of property related projects. Digita Accounts Production Advanced 6.30.9574.0 true true true 07231948 2023-06-01 2024-05-31 07231948 2024-05-31 07231948 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-05-31 07231948 core:RetainedEarningsAccumulatedLosses 2024-05-31 07231948 core:ShareCapital 2024-05-31 07231948 core:CurrentFinancialInstruments 2024-05-31 07231948 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07231948 core:Non-currentFinancialInstruments 2024-05-31 07231948 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 07231948 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-05-31 07231948 bus:SmallEntities 2023-06-01 2024-05-31 07231948 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07231948 bus:FilletedAccounts 2023-06-01 2024-05-31 07231948 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07231948 bus:RegisteredOffice 2023-06-01 2024-05-31 07231948 bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 07231948 bus:Director3 2023-06-01 2024-05-31 07231948 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-06-01 2024-05-31 07231948 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07231948 core:KeyManagementPersonnel 2023-06-01 2024-05-31 07231948 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-01 2024-05-31 07231948 1 2023-06-01 2024-05-31 07231948 countries:EnglandWales 2023-06-01 2024-05-31 07231948 2023-05-31 07231948 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-31 07231948 2022-06-01 2023-05-31 07231948 2023-05-31 07231948 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-05-31 07231948 core:RetainedEarningsAccumulatedLosses 2023-05-31 07231948 core:ShareCapital 2023-05-31 07231948 core:CurrentFinancialInstruments 2023-05-31 07231948 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 07231948 core:Non-currentFinancialInstruments 2023-05-31 07231948 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 07231948 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-31 07231948 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-06-01 2023-05-31 07231948 2022-05-31 07231948 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07231948

GBE Property Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

GBE Property Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

GBE Property Group Limited

Company Information

Directors

Mr D Bangham

Mr SJ Kane

Company secretary

Mr D Bangham

Registered office

Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

GBE Property Group Limited

(Registration number: 07231948)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

63,747

63,265

Cash at bank and in hand

 

6

6

 

63,753

63,271

Creditors: Amounts falling due within one year

5

(25,200)

(25,200)

Total assets less current liabilities

 

38,553

38,071

Creditors: Amounts falling due after more than one year

5

(42,968)

(41,676)

Net liabilities

 

(4,415)

(3,605)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(4,416)

(3,606)

Shareholders' deficit

 

(4,415)

(3,605)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

 

GBE Property Group Limited

(Registration number: 07231948)
Balance Sheet as at 31 May 2024

.........................................
Mr D Bangham
Company secretary and director

.........................................
Mr SJ Kane
Director

 

GBE Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
England

These financial statements were authorised for issue by the Board on 24 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

GBE Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

13,905

13,905

Other debtors

 

49,842

49,360

   

63,747

63,265

 

GBE Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,000

10,000

Accruals and deferred income

 

15,200

15,200

 

25,200

25,200

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

42,968

41,676

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

42,968

41,676

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

 

GBE Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

8

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

21,590

21,590

Interest transactions

482

482

At end of period

22,072

22,072

2023

Key management
£

Total
£

At start of period

21,160

21,160

Interest transactions

430

430

At end of period

21,590

21,590

Terms of loans to related parties

Interest on loans in excess of £10,000 is charged at the offical rate. Loans are unsecured and repayable on demand.
 

9

Parent and ultimate parent undertaking

The company's immediate parent is GBE Holdings Limited, incorporated in England and Wales.