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Company Registration No. 10135663 (England and Wales)
GEORGE GREEN HOLDINGS LIMITED Unaudited accounts for the year ended 31 May 2024
GEORGE GREEN HOLDINGS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GEORGE GREEN HOLDINGS LIMITED Company Information for the year ended 31 May 2024
Director
Tarjinder Singh KHAMBA
Company Number
10135663 (England and Wales)
Registered Office
31 LLANBERIS GROVE NOTTINGHAM NG8 5DP ENGLAND
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GEORGE GREEN HOLDINGS LIMITED Statement of financial position as at 31 May 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
1,498,341
923,505
Current assets
Debtors
5
654,514
782,411
Investments
6
55,141
55,141
Cash at bank and in hand
212
16,042
709,867
853,594
Creditors: amounts falling due within one year
7
(8,351)
(7,851)
Net current assets
701,516
845,743
Total assets less current liabilities
2,199,857
1,769,248
Creditors: amounts falling due after more than one year
8
(1,562,324)
(1,606,228)
Provisions for liabilities
Deferred tax
9
(199,178)
-
Net assets
438,355
163,020
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
438,255
162,920
Shareholders' funds
438,355
163,020
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 23 May 2025 and were signed on its behalf by
Tarjinder Singh KHAMBA Director Company Registration No. 10135663
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GEORGE GREEN HOLDINGS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
GEORGE GREEN HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10135663. The registered office is 31 LLANBERIS GROVE, NOTTINGHAM, NG8 5DP, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024
£
Fair value at 1 June 2023
923,505
Net gain from fair value adjustments
574,836
At 31 May 2024
1,498,341
5
Debtors
2024
2023
£
£
Amounts falling due after more than one year
654,514
782,411
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GEORGE GREEN HOLDINGS LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Investments held as current assets
2024
2023
£
£
Unlisted investments
55,141
55,141
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,426
7,426
Trade creditors
425
425
Accruals
500
-
8,351
7,851
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
33,818
40,207
Other creditors
1,528,506
1,566,021
1,562,324
1,606,228
9
Deferred taxation
2024
2023
£
£
Revaluation of investment property
199,178
-
2024
2023
£
£
Charged to the profit and loss account
199,178
-
Provision at end of year
199,178
-
10
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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