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REGISTERED NUMBER: 09395767 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GE RAMSEY LIMITED

GE RAMSEY LIMITED (REGISTERED NUMBER: 09395767)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GE RAMSEY LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTOR: Mrs E C Underhill





REGISTERED OFFICE: 33 Stamford Green
Stamford Street
Altrincham
WA14 1ES





REGISTERED NUMBER: 09395767 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

GE RAMSEY LIMITED (REGISTERED NUMBER: 09395767)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 2,095,000 2,247,500

CURRENT ASSETS
Debtors 5 83,914 -
Cash at bank 6,078 6,784
89,992 6,784
CREDITORS
Amounts falling due within one year 6 (892,926 ) (892,935 )
NET CURRENT LIABILITIES (802,934 ) (886,151 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,292,066

1,361,349

CREDITORS
Amounts falling due after more than one year 7 (895,955 ) (898,629 )

PROVISIONS FOR LIABILITIES (96,131 ) (134,256 )
NET ASSETS 299,980 328,464

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 288,392 402,768
Retained earnings 11,586 (74,306 )
SHAREHOLDERS' FUNDS 299,980 328,464

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

GE RAMSEY LIMITED (REGISTERED NUMBER: 09395767)

BALANCE SHEET - continued
31st March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th February 2025 and were signed by:





Mrs E C Underhill - Director


GE RAMSEY LIMITED (REGISTERED NUMBER: 09395767)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

GE Ramsey Limited is a private company limited by share capital, incorporated in England and Wales, registration number 09395767 The address of the registered office is 33 Stamford Green, Stamford Street, Altrincham, England, WA14 1ES. The principal place of business is Reedham House, 31-33 King Street West, Manchester, M3 2PN.

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.

The concept of going concern is an underlying assumption in the production of financial statements. As there are net liabilities there is a question mark over going concern. Although there is no formal agreement in place, third party creditors have indicated they will continue to provide financial support to the company for at least the next 12 months.

Turnover
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of rental income which is recognised on a straight-line basis over the lease term.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GE RAMSEY LIMITED (REGISTERED NUMBER: 09395767)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 2,247,500
Revaluations (152,500 )
At 31st March 2024 2,095,000
NET BOOK VALUE
At 31st March 2024 2,095,000
At 31st March 2023 2,247,500

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2016 121,338
Valuation in 2017 281,370
Valuation in 2024 (152,500 )
Cost 1,844,793
2,095,001

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 2,247,500
Revaluations (152,500 )
2,095,000

CLIENT SCREEN TOTAL = 2,095,001


GE RAMSEY LIMITED (REGISTERED NUMBER: 09395767)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 83,914 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 892,926 892,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 895,955 898,629

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 435,873 419,488

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 909,727 912,884

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £2.00 2 2

10. RESERVES
Fair
value
reserve
£   
At 1st April 2023 402,768
Transfer between reserves (114,376 )

At 31st March 2024 288,392