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REGISTERED NUMBER: 08167354 (England and Wales)









GIBBS & LUGG HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






GIBBS & LUGG HOLDINGS LTD (REGISTERED NUMBER: 08167354)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


GIBBS & LUGG HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr J D R Lugg
Mr M P B Lugg
Mr A M Rich



REGISTERED OFFICE: The Workshop
Victoria Park Road
Plainmoor
TORQUAY
Devon
TQ1 3QH



REGISTERED NUMBER: 08167354 (England and Wales)



ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX



BANKERS: HSBC
7 Palace Avenue
Paignton
Devon
TQ3 3ED

GIBBS & LUGG HOLDINGS LTD (REGISTERED NUMBER: 08167354)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,500,000 1,500,000

CURRENT ASSETS
Debtors 36,118 -
Cash at bank 67,579 101,489
103,697 101,489
CREDITORS
Amounts falling due within one year 10,547 8,339
NET CURRENT ASSETS 93,150 93,150
TOTAL ASSETS LESS CURRENT LIABILITIES 1,593,150 1,593,150

CAPITAL AND RESERVES
Called up share capital 1,050,000 1,050,000
Retained earnings 543,150 543,150
SHAREHOLDERS' FUNDS 1,593,150 1,593,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

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:





Mr A M Rich - Director


GIBBS & LUGG HOLDINGS LTD (REGISTERED NUMBER: 08167354)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Gibbs & Lugg Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Gibbs & Lugg Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Fixed asset investment
Investments in subsidiary and associated undertakings are shown at the lower of cost and net realisable value, less provision, where applicable, for any permanent diminution in value. The directors review the investments for impairment on an annual basis.

Creditors
Short term creditors are measured at the transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023
and 30 June 2024 1,500,000
NET BOOK VALUE
At 30 June 2024 1,500,000
At 30 June 2023 1,500,000