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Company Registration No. 03025956 (England and Wales)
G.E. Developments Ltd Unaudited accounts for the year ended 30 August 2024
G.E. Developments Ltd Unaudited accounts Contents
Page
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G.E. Developments Ltd Company Information for the year ended 30 August 2024
Directors
Mr G Easson Mrs J Easson
Company Number
03025956 (England and Wales)
Registered Office
Brunel Court 122 Fore Street Saltash PL12 6JW
Accountants
Blackwell Bate Ltd Brunel Court 122 Fore Street Saltash Cornwall PL12 6JW
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G.E. Developments Ltd Statement of financial position as at 30 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,169 
24,719 
Investment property
3,197,373 
3,197,373 
3,218,542 
3,222,092 
Current assets
Debtors
164,743 
192,093 
Cash at bank and in hand
71,690 
- 
236,433 
192,093 
Creditors: amounts falling due within one year
(165,371)
(211,306)
Net current assets/(liabilities)
71,062 
(19,213)
Total assets less current liabilities
3,289,604 
3,202,879 
Creditors: amounts falling due after more than one year
(2,043,536)
(1,797,089)
Provisions for liabilities
Deferred tax
(81,965)
(97,333)
Net assets
1,164,103 
1,308,457 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,163,903 
1,308,257 
Shareholders' funds
1,164,103 
1,308,457 
For the year ending 30 August 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 1 May 2025 and were signed on its behalf by
Mr G Easson Director Company Registration No. 03025956
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G.E. Developments Ltd Notes to the Accounts for the year ended 30 August 2024
1
Statutory information
G.E. Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 03025956. The registered office is Brunel Court, 122 Fore Street, Saltash, PL12 6JW.
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:
Motor vehicles
25% reducing balance method
Fixtures & fittings
15% reducing balance method
Computer equipment
15% reducing balance method
Turnover
Turnover compromises of rental income. Turnover is recognised when the rent is physically received.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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G.E. Developments Ltd Notes to the Accounts for the year ended 30 August 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 31 August 2023
142,098 
Additions
160 
At 30 August 2024
142,258 
Depreciation
At 31 August 2023
117,379 
Charge for the year
3,710 
At 30 August 2024
121,089 
Net book value
At 30 August 2024
21,169 
At 30 August 2023
24,719 
5
Investment property
2024 
£ 
Fair value at 31 August 2023
3,197,373 
At 30 August 2024
3,197,373 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
164,743 
192,093 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,211 
43,201 
Taxes and social security
49,111 
63,351 
Other creditors
110,049 
104,754 
165,371 
211,306 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,043,536 
1,797,089 
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G.E. Developments Ltd Notes to the Accounts for the year ended 30 August 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr G Easson
119,078 
286,466 
285,112 
120,432 
119,078 
286,466 
285,112 
120,432 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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