0 0 G&T Acquisitions Limited 10909083 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Buying And Selling Of Own Real Estate Digita Accounts Production Advanced 6.30.9574.0 true 10909083 2023-09-01 2024-08-31 10909083 2024-08-31 10909083 core:CurrentFinancialInstruments 2024-08-31 10909083 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 10909083 core:Non-currentFinancialInstruments 2024-08-31 10909083 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 10909083 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 10909083 bus:SmallEntities 2023-09-01 2024-08-31 10909083 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10909083 bus:FilletedAccounts 2023-09-01 2024-08-31 10909083 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10909083 bus:RegisteredOffice 2023-09-01 2024-08-31 10909083 bus:Director1 2023-09-01 2024-08-31 10909083 bus:Director4 2023-09-01 2024-08-31 10909083 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10909083 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10909083 countries:EnglandWales 2023-09-01 2024-08-31 10909083 2023-08-31 10909083 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 10909083 2022-09-01 2023-08-31 10909083 2023-08-31 10909083 core:CurrentFinancialInstruments 2023-08-31 10909083 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 10909083 core:Non-currentFinancialInstruments 2023-08-31 10909083 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 10909083 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 xbrli:pure iso4217:GBP

Registration number: 10909083

G&T Acquisitions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

G&T Acquisitions Limited

(Registration number: 10909083)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

394,000

242,559

Current assets

 

Debtors

5

6,501

203

Cash at bank and in hand

 

91,248

76,048

 

97,749

76,251

Creditors: Amounts falling due within one year

6

(67,076)

(45,655)

Net current assets

 

30,673

30,596

Total assets less current liabilities

 

424,673

273,155

Creditors: Amounts falling due after more than one year

6

(45,974)

(48,357)

Net assets

 

378,699

224,798

Capital and reserves

 

Called up share capital

200,000

200,000

Retained earnings

178,699

24,798

Shareholders' funds

 

378,699

224,798

 

G&T Acquisitions Limited

(Registration number: 10909083)
Statement of Financial Position as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 May 2025 and signed on its behalf by:
 

.........................................
Mr CG Baxter
Director

.........................................
Mr RC Baxter
Director

 

G&T Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Rokeby Drive
Newcastle Upon Tyne
NE3 4JX

These financial statements were authorised for issue by the Board on 30 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

G&T Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2023

242,559

242,559

Revaluations

151,441

151,441

At 31 August 2024

394,000

394,000

Depreciation

Carrying amount

At 31 August 2024

394,000

394,000

At 31 August 2023

242,559

242,559

Included within the net book value of land and buildings above is £394,000 (2023 - £242,559) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Prepayments

321

203

Other debtors

6,180

-

 

6,501

203

 

G&T Acquisitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

2,385

2,388

Taxation and social security

 

4,044

5,934

Accruals and deferred income

 

2,460

1,200

Other creditors

 

58,187

36,133

 

67,076

45,655

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

45,974

48,357

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

45,974

48,357

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,385

2,388