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REGISTERED NUMBER: 10612750 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

GECA Properties Ltd

GECA Properties Ltd (Registered number: 10612750)






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

Chartered Accountants' Report 6

GECA Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G A Allsop
G Allsop
E Allsop





REGISTERED OFFICE: 38 Grange Road
West Kirby
Merseyside
CH48 4EA





REGISTERED NUMBER: 10612750 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

GECA Properties Ltd (Registered number: 10612750)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,776 2,210
Investment property 5 1,200,000 1,200,000
1,201,776 1,202,210

CURRENT ASSETS
Debtors 6 14,431 28,581
Cash at bank 3,083 3,611
17,514 32,192
CREDITORS
Amounts falling due within one year 7 27,643 29,427
NET CURRENT (LIABILITIES)/ASSETS (10,129 ) 2,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,191,647

1,204,975

CREDITORS
Amounts falling due after more than one
year

8

(827,907

)

(852,880

)

PROVISIONS FOR LIABILITIES (67,682 ) (67,682 )
NET ASSETS 296,058 284,413

CAPITAL AND RESERVES
Called up share capital 10 120 120
Fair value reserve 11 203,045 203,045
Retained earnings 11 92,893 81,248
SHAREHOLDERS' FUNDS 296,058 284,413

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 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.

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 12 February 2025 and were signed on its behalf by:



G A Allsop - Director


GECA Properties Ltd (Registered number: 10612750)

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

1. STATUTORY INFORMATION

GECA Properties 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,248 559 2,807
DEPRECIATION
At 1 April 2023 597 - 597
Charge for year 248 186 434
At 31 March 2024 845 186 1,031
NET BOOK VALUE
At 31 March 2024 1,403 373 1,776
At 31 March 2023 1,651 559 2,210

GECA Properties Ltd (Registered number: 10612750)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,200,000
NET BOOK VALUE
At 31 March 2024 1,200,000
At 31 March 2023 1,200,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 254,225
Valuation in 2021 109,584
Valuation in 2022 306,918
Valuation in 2023 (400,000 )
Cost 929,273
1,200,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by associates 14,411 28,561
Other debtors 20 20
14,431 28,581

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 24,000 24,000
Taxation and social security 2,833 3,966
Other creditors 810 1,461
27,643 29,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 827,907 852,880

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 731,907 756,880

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Atom Bank Plc 851,907 876,880

Fixed and floating charge covering all the property or undertaking of the company.

GECA Properties Ltd (Registered number: 10612750)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
120 Ordinary Shares £1 120 120

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 81,248 203,045 284,293
Profit for the year 11,645 11,645
At 31 March 2024 92,893 203,045 295,938

The fair value reserve is a non distributable reserve.

12. RELATED PARTY DISCLOSURES

The company is landlord to Mortgageneeds.info Ltd which is an associated company.

The annual rent due is £36,000, the transaction is considered to be under normal market conditions.

Included in other debtors at the year end is an amount of £14,411 owed from Mortgageneeds.info Ltd.

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
GECA Properties Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GECA Properties Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of GECA Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GECA Properties Ltd and state those matters that we have agreed to state to the Board of Directors of GECA Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GECA Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that GECA Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GECA Properties Ltd. You consider that GECA Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GECA Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................