Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mrs S Mansfield 31/10/2022 03 June 2025 The principal activity of the company for the financial year was property letting. 14451817 2024-10-31 14451817 bus:Director1 2024-10-31 14451817 2023-10-31 14451817 core:CurrentFinancialInstruments 2024-10-31 14451817 core:CurrentFinancialInstruments 2023-10-31 14451817 core:ShareCapital 2024-10-31 14451817 core:ShareCapital 2023-10-31 14451817 core:RetainedEarningsAccumulatedLosses 2024-10-31 14451817 core:RetainedEarningsAccumulatedLosses 2023-10-31 14451817 2023-11-01 2024-10-31 14451817 bus:FilletedAccounts 2023-11-01 2024-10-31 14451817 bus:SmallEntities 2023-11-01 2024-10-31 14451817 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 14451817 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14451817 bus:Director1 2023-11-01 2024-10-31 14451817 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 14451817 (England and Wales)

61 GREAT GEORGE STREET LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

61 GREAT GEORGE STREET LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

61 GREAT GEORGE STREET LIMITED

BALANCE SHEET

As at 31 October 2024
61 GREAT GEORGE STREET LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 565,000 565,000
565,000 565,000
Current assets
Debtors 4 40,765 8,145
40,765 8,145
Creditors: amounts falling due within one year 5 ( 556,825) ( 560,711)
Net current liabilities (516,060) (552,566)
Total assets less current liabilities 48,940 12,434
Net assets 48,940 12,434
Capital and reserves
Called-up share capital 1 1
Profit and loss account 48,939 12,433
Total shareholder's funds 48,940 12,434

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

Director's responsibilities:

The financial statements of 61 Great George Street Limited (registered number: 14451817) were approved and authorised for issue by the Director on 03 June 2025. They were signed on its behalf by:

Mrs S Mansfield
Director
61 GREAT GEORGE STREET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
61 GREAT GEORGE STREET LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

61 Great George Street Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House East Wing Ground, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable in respect of rents receivable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

The company is run and administered by the director for whom no formal contract of service is in place.

3. Investment property

Investment property
£
Valuation
As at 01 November 2023 565,000
As at 31 October 2024 565,000

The investment properties class of fixed asset were valued at 31 October 2024 by Mrs S Mansfield who is internal to the company. The basis of the valuation was open market value.
The class of asset has a current valuation of £565,000 and a carrying amount of historical cost of £565,000. The depreciation on this historical cost is £nil.
There has been no valuation of investment property by and independent valuer.

4. Debtors

2024 2023
£ £
Other debtors 40,765 8,145

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 11,887 3,151
Other creditors 544,938 557,560
556,825 560,711