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REGISTERED NUMBER: 08286065 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

GES Property Limited

GES Property Limited (Registered number: 08286065)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GES Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G Salvage





SECRETARY:





REGISTERED OFFICE: Myrtle House
High Street
Henfield
West Sussex
BN5 9DA





REGISTERED NUMBER: 08286065 (England and Wales)





ACCOUNTANTS: Michael Finn & Co
Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA

GES Property Limited (Registered number: 08286065)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,557 2,170
3,557 2,170

CURRENT ASSETS
Debtors 6 57,390 62,516
Cash at bank 3,572 2,703
60,962 65,219
CREDITORS
Amounts falling due within one year 7 54,677 51,867
NET CURRENT ASSETS 6,285 13,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,842

15,522

CREDITORS
Amounts falling due after more than one
year

8

(7,920

)

(14,234

)

PROVISIONS FOR LIABILITIES (676 ) (412 )
NET ASSETS 1,246 876

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,146 776
1,246 876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2025 and were signed by:




G Salvage - Director


GES Property Limited (Registered number: 08286065)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

GES Property Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

GES Property Limited (Registered number: 08286065)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 65,000
AMORTISATION
At 1 April 2023
and 31 March 2024 65,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 16,340 13,437 29,777
Additions 2,088 188 2,276
At 31 March 2024 18,428 13,625 32,053
DEPRECIATION
At 1 April 2023 14,586 13,021 27,607
Charge for year 768 121 889
At 31 March 2024 15,354 13,142 28,496
NET BOOK VALUE
At 31 March 2024 3,074 483 3,557
At 31 March 2023 1,754 416 2,170

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 18,516
Other debtors 1,607 44,000
Directors' current accounts 55,783 -
57,390 62,516

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,319 6,319
Trade creditors 1,691 6,435
Tax 26,741 27,585
Social security and other taxes 1,825 1,810
VAT 2,895 4,753
Other creditors 1,241 208
Pensions payable 500 430
Setfords Freedman claim 6,000 -
Directors' current accounts - 327
Accrued expenses 7,465 4,000
54,677 51,867

GES Property Limited (Registered number: 08286065)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 7,920 14,234