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REGISTERED NUMBER: SC693974 (Scotland)
















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

G44 Holdings Ltd

G44 Holdings Ltd (Registered number: SC693974)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G44 Holdings Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Lisa Jane McKenzie-Moore





REGISTERED OFFICE: 12 Pemberton Valley
Ayr
KA7 4UH





REGISTERED NUMBER: SC693974 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

G44 Holdings Ltd (Registered number: SC693974)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 120,482 120,482

CURRENT ASSETS
Debtors 5 5,878 1,880
Cash at bank 91 124
5,969 2,004
CREDITORS
Amounts falling due within one year 6 107,285 105,129
NET CURRENT LIABILITIES (101,316 ) (103,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,166

17,357

CREDITORS
Amounts falling due after more than one
year

7

26,318

25,381
NET LIABILITIES (7,152 ) (8,024 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (7,153 ) (8,025 )
SHAREHOLDERS' FUNDS (7,152 ) (8,024 )

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.

G44 Holdings Ltd (Registered number: SC693974)

Balance Sheet - continued
31 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 21 March 2025 and were signed by:





Lisa Jane McKenzie-Moore - Director


G44 Holdings Ltd (Registered number: SC693974)

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

1. STATUTORY INFORMATION

G44 Holdings Ltd is a private company, limited by shares , registered in Scotland. 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements reflect net current liabilities. However, balances due to related parties do not require to be repaid until profits and cashflow allow. The accounts have therefore been prepared on a going concern basis.

Turnover/revenue recognition
Sales comprise the fair value of rents received in the ordinary course of the company's activities.

Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any surplus or deficit on revaluation is recognised in the profit or loss account and ultimately the fair value reserve.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Cash & cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.


G44 Holdings Ltd (Registered number: SC693974)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 120,482
NET BOOK VALUE
At 31 March 2024 120,482
At 31 March 2023 120,482

The director is of the opinion that investment fair value of the investment property at 31 March 2024 is represented by cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,878 1,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,584 937
Other creditors 105,701 104,192
107,285 105,129

G44 Holdings Ltd (Registered number: SC693974)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,318 25,381

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,982 23,640

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 27,902 26,318

The bank borrowings are secured by a standard security over the investment property in favour of The Mortgage Works (UK) plc. Interest is charged at a commercial rate of interest.

9. RELATED PARTY DISCLOSURES

Director's Loan Account
The company operated a loan account with the former director who sadly died during the accounting period. At the year end, the balance due to the executors of the director's estate was £1,066 (2023 - £754). The loan was unsecured, interest free and had no fixed repayment terms.

Beau Talk Productions Ltd
The former director was also a director and shareholder of Beau Talk Productions Ltd making it a related party. At the year end, the balance due to Beau Talk Productions Ltd by the company was £101,534 (2023 £101,934). The loan is unsecured, interest free and has no fixed repayment terms..

10. CONTROLLING PARTY

Ownership of the whole issued share capital is under the control of the executors of Simon Carlyle (deceased).