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Company registration number: 07277904







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


GEORGE PARTNERS LIMITED






































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GEORGE PARTNERS LIMITED
 


 
COMPANY INFORMATION


Directors
T J Regan (resigned 30 November 2024)
Professor A A Patel 
J Ooi (appointed 30 November 2024)




Registered number
07277904



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

Magna House

18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP





 


GEORGE PARTNERS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 


GEORGE PARTNERS LIMITED
REGISTERED NUMBER:07277904



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Tangible assets
  
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 4 
127,728
166,681

Cash at bank and in hand
  
61,057
1,020

  
188,785
167,701

Creditors: amounts falling due within one year
 5 
(45,671)
(30,582)

Net current assets
  
 
 
143,114
 
 
137,119

Total assets less current liabilities
  
143,114
137,119

  

Net assets
  
143,114
137,119


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
143,113
137,118

  
143,114
137,119


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J Ooi
Director

Date: 19 March 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


GEORGE PARTNERS LIMITED
 


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

1.


General information

George Partners Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. 
The company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Public benefit group

George Partners Limited is part of a Public benefit group.

 
2.3

Going concern

The financial statements have been prepared on a basis other than going concern. 
The directors intend for the Company to become dormant by 30 June 2025 and therefore do not consider it appropriate to adopt the going concern bais of accounting in preparing the financial statements.
Accordingly the financial statements have been prepared on a basis other than going concern and the Company's assets and liabilities are valued at net realisable value.  

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Revenue in respect of recharged costs is recognised as the costs are incurred on a cost plus basis with other group companies. 


3.


Employees




The average monthly number of employees, excluding directors, during the year was 0 (2023 - 0).

Page 2

 


GEORGE PARTNERS LIMITED
 


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

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
127,728
112,926

Other debtors
-
37,255

Prepayments and accrued income
-
16,500

127,728
166,681



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
11,561

Other taxation and social security
31,976
7,831

Accruals and deferred income
13,695
11,190

45,671
30,582



6.


Commitments under operating leases

At 30 June 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
-
217,800

-
217,800

The non-cancellable operating lease was transferred to the immediate parent company The George Institute for Global Health (UK) during 2024.


7.


Ultimate Parent Company

The ultimate parent company is considered to be The George Institute for Global Health, a company incorporated in Australia, by virtue of its controlling interest in The George Institute for Global Health (UK), the immediate parent. The smallest group for which consolidated financial statements are drawn up is The George Institute for Global Health (UK). The principal place of business is Level 5, 1 King Street, Newtown, NSW 2042, Australia. 

Page 3

 


GEORGE PARTNERS LIMITED
 


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

8.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 24 March 2025 by Janice Matthews FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

 
Page 4