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REGISTERED NUMBER: 13233754 (England and Wales)















GES ESTATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






GES ESTATES LTD (REGISTERED NUMBER: 13233754)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GES ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: M J Salter
T A Banos





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 13233754 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 520 780
Investment property 5 1,576,966 1,577,155
1,577,486 1,577,935

CURRENT ASSETS
Debtors 6 13,763 14,057
Cash at bank 3,906 7,381
17,669 21,438
CREDITORS
Amounts falling due within one year 7 7,995 11,783
NET CURRENT ASSETS 9,674 9,655
TOTAL ASSETS LESS CURRENT LIABILITIES 1,587,160 1,587,590

CREDITORS
Amounts falling due after more than one year 8 1,607,418 1,636,717
NET LIABILITIES (20,258 ) (49,127 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (20,358 ) (49,227 )
SHAREHOLDERS' FUNDS (20,258 ) (49,127 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 16 May 2025 and were signed on its behalf by:




M J Salter - Director


GES ESTATES LTD (REGISTERED NUMBER: 13233754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

GES Estates Ltd 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.

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 as modified by the revaluation of certain assets.

The statement of financial position shows net liabilities of £20,258 (2024: £49,127). The directors have considered the position and confirmed that they will continue to support the company for the foreseeable future and the financial statements should be prepared on a going concern basis.

Revenue
Revenue represents invoiced rental income. Revenue is recognised in the period in which the properties are let.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% straight line balance

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 29 February 2024
and 28 February 2025 1,300
DEPRECIATION
At 29 February 2024 520
Charge for year 260
At 28 February 2025 780
NET BOOK VALUE
At 28 February 2025 520
At 28 February 2024 780

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 February 2024 1,577,155
Disposals (189 )
At 28 February 2025 1,576,966
NET BOOK VALUE
At 28 February 2025 1,576,966
At 28 February 2024 1,577,155

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2025 1,576,966

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The company's investment properties were valued by Mark Salter, the director, on an open market basis.

6. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Other debtors 1,856 1,583

Amounts falling due after more than one year:
Other debtors 11,907 12,474

Aggregate amounts 13,763 14,057

GES ESTATES LTD (REGISTERED NUMBER: 13233754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 1,000 -
Other creditors 6,995 11,783
7,995 11,783

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 1,103,227 1,103,227
Other creditors 504,191 533,490
1,607,418 1,636,717

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,103,227 1,103,227

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 1,103,227 1,103,227

Bank loans are secured over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
60 A - Ordinary £1 60 60
20 B - Ordinary £1 20 20
20 C - Ordinary £1 20 20
100 100