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REGISTERED NUMBER: 10834951 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Great2 Enterprises Limited

Great2 Enterprises Limited (Registered number: 10834951)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Great2 Enterprises Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A S Ball
A Heljula





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 10834951 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Great2 Enterprises Limited (Registered number: 10834951)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 708,097 738,088

CURRENT ASSETS
Debtors 5 20,570 93,821
Cash at bank 142,125 147,438
162,695 241,259
CREDITORS
Amounts falling due within one year 6 819,523 872,096
NET CURRENT LIABILITIES (656,828 ) (630,837 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,269

107,251

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,169 107,151
51,269 107,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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 25 June 2025 and were signed on its behalf by:




A S Ball - Director



A Heljula - Director


Great2 Enterprises Limited (Registered number: 10834951)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Great2 Enterprises Limited 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.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Great2 Enterprises Limited (Registered number: 10834951)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 759,300 112,816 55,362 927,478
DEPRECIATION
At 1 October 2023 75,930 71,611 41,849 189,390
Charge for year 15,186 10,301 4,504 29,991
At 30 September 2024 91,116 81,912 46,353 219,381
NET BOOK VALUE
At 30 September 2024 668,184 30,904 9,009 708,097
At 30 September 2023 683,370 41,205 13,513 738,088

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 8,777 77,337
Other debtors 5,910 1,072
VAT 5,883 -
Prepayments - 15,412
20,570 93,821

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 5,313 39,585
VAT - 1,098
Other creditors 800,000 800,000
Accruals and prepaid income 14,210 31,413
819,523 872,096

7. RELATED PARTY DISCLOSURES

The company is controlled by the company director Mr Andrew Ball by virtue of his controlling interest in the share capital of the company.

During the year the company borrowed money from Peak Indicators Limited, a related company. As at the balance sheet date the amount owed to this company was £800,000 (2023: £800,000).