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Company Registration No. 07623344 (England and Wales)
Generational Investments Limited Unaudited accounts for the year ended 31 July 2024
Generational Investments Limited Unaudited accounts Contents
Page
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Generational Investments Limited Company Information for the year ended 31 July 2024
Directors
Stephen Abletshauser Fiona Lascelles James Parkins
Company Number
07623344 (England and Wales)
Registered Office
Suite 8 207 Regent Street, Third Floor London W1B 3HH United Kingdom
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Generational Investments Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
465,697 
462,412 
Investment property
2,666,667 
2,666,667 
Investments
16,210 
16,210 
3,148,574 
3,145,289 
Current assets
Debtors
449,602 
441,115 
Cash at bank and in hand
11,575 
4,376 
461,177 
445,491 
Creditors: amounts falling due within one year
(2,643,048)
(2,525,010)
Net current liabilities
(2,181,871)
(2,079,519)
Total assets less current liabilities
966,703 
1,065,770 
Creditors: amounts falling due after more than one year
(88,525)
(68,950)
Net assets
878,178 
996,820 
Capital and reserves
Called up share capital
784 
784 
Share premium
389,866 
389,866 
Revaluation reserve
1,666,667 
1,666,667 
Profit and loss account
(1,179,139)
(1,060,497)
Shareholders' funds
878,178 
996,820 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by
Stephen Abletshauser Director Company Registration No. 07623344
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Generational Investments Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Generational Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07623344. The registered office is Suite 8 207 Regent Street, Third Floor, London, W1B 3HH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% - 33%
Fixtures & fittings
10% - 20%
Computer equipment
10% - 33%
Going concern
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Investment property
Investment property is included at market fair value. Gains are recognised in the Statement of Other Comprehensive Income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Given stagnant capital values despite rental growth, management has determined no material revaluation is required. The carrying amount remains appropriate. Market conditions will continue to be monitored for future reassessment.
Prior Period Error
A prior period error was identified relating to the over accrual of interest in previous years. Interest expense and the related loan balance were both overstated by £59,966. The error has been corrected by restating the comparative figures.
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Generational Investments Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
784,173 
7,666 
791,839 
Additions
111,555 
- 
111,555 
At 31 July 2024
895,728 
7,666 
903,394 
Depreciation
At 1 August 2023
323,242 
6,185 
329,427 
Charge for the year
106,789 
1,481 
108,270 
At 31 July 2024
430,031 
7,666 
437,697 
Net book value
At 31 July 2024
465,697 
- 
465,697 
At 31 July 2023
460,931 
1,481 
462,412 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
2,666,667 
At 31 July 2024
2,666,667 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
16,210 
Valuation at 31 July 2024
16,210 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
171,756 
172,005 
Amounts due from group undertakings etc.
274,466 
257,246 
Accrued income and prepayments
3,380 
11,864 
449,602 
441,115 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,130 
47,473 
VAT
1,085 
24,092 
Obligations under finance leases and hire purchase contracts
52,652 
28,547 
Loans from directors
2,563,181 
2,424,898 
2,643,048 
2,525,010 
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Generational Investments Limited Notes to the Accounts for the year ended 31 July 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
26,130 
Obligations under finance leases and hire purchase contracts
88,525 
42,820 
88,525 
68,950 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
784 Ordinary shares of £1 each
784 
784 
11
Transactions with related parties
Income of £143,862 for rental and electricity was received from Character Mailing Services Ltd, a company owned by Generational Investments Ltd.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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