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REGISTERED NUMBER: 12339717 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GFA UK REAL ESTATE LIMITED

GFA UK REAL ESTATE LIMITED (REGISTERED NUMBER: 12339717)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GFA UK REAL ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S R Kleine
A D Collett





REGISTERED OFFICE: Tournament Fields Business Park
Agincourt Road
Warwick
CV34 6XZ





REGISTERED NUMBER: 12339717 (England and Wales)





INDEPENDENT AUDITORS: Prime
Chartered Accountants
Statutory Auditor
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

GFA UK REAL ESTATE LIMITED (REGISTERED NUMBER: 12339717)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,910,438 4,026,315

CURRENT ASSETS
Cash at bank 1,030,427 1,165,741

CREDITORS
Amounts falling due within one year 5 5,700,978 5,679,727
NET CURRENT LIABILITIES (4,670,551 ) (4,513,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(760,113

)

(487,671

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (760,114 ) (487,672 )
(760,113 ) (487,671 )

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 6 May 2025 and were signed on its behalf by:





A D Collett - Director


GFA UK REAL ESTATE LIMITED (REGISTERED NUMBER: 12339717)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

GFA UK Real Estate 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.

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 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.

These accounts have been prepared on the going concern basis. There was a net deficiency of assets of £4,670,551at the balance sheet date. Of this balance, £5,295,126 is owed to the parent company. The parent will not recall what is due until this entity is in a position to repay.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Freehold property - 2% on cost
Fixtures and fittings - Straight line over 15 years
Computer equipment - 33.33% on cost

Freehold land is not depreciated.

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.


GFA UK REAL ESTATE LIMITED (REGISTERED NUMBER: 12339717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 3,641,781 842,007 14,152 4,497,940
DEPRECIATION
At 1 January 2024 238,767 218,706 14,152 471,625
Charge for year 59,743 56,134 - 115,877
At 31 December 2024 298,510 274,840 14,152 587,502
NET BOOK VALUE
At 31 December 2024 3,343,271 567,167 - 3,910,438
At 31 December 2023 3,403,014 623,301 - 4,026,315

Included in cost of land and buildings is freehold land of £ 700,000 (2023 - £ 700,000 ) which is not depreciated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 974 10
Amounts owed to group undertakings 5,295,126 5,295,126
Taxation and social security 9,789 7,829
Other creditors 395,089 376,762
5,700,978 5,679,727

GFA UK REAL ESTATE LIMITED (REGISTERED NUMBER: 12339717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime

7. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is BPK Beteiligungsgesellschaft GmbH & Co.KG, an entity registered in Germany.