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Registration number: 11583696

G&B Holiday Lets Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

G&B Holiday Lets Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

G&B Holiday Lets Ltd

Company Information

Directors

DA Gore

SJ Barnes

Registered office

181 Back Lane
Appley Bridge
Wigan
Lancashire
WN6 8RS

Accountants

Stables Thompson & Briscoe Limited
Chartered Accountants & Business AdvisersLowther House
Lowther Street
Kendal
Cumbria
LA9 4DX

 

G&B Holiday Lets Ltd

(Registration number: 11583696)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

150,000

140,000

Current assets

 

Debtors

5

326

-

Cash at bank and in hand

 

851

1,834

 

1,177

1,834

Creditors: Amounts falling due within one year

6

(19,199)

(12,844)

Net current liabilities

 

(18,022)

(11,010)

Total assets less current liabilities

 

131,978

128,990

Creditors: Amounts falling due after more than one year

6

(104,889)

(104,968)

Net assets

 

27,089

24,022

Capital and reserves

 

Called up share capital

2

2

Revaluation reserve

30,980

20,980

Retained earnings

(3,893)

3,040

Shareholders' funds

 

27,089

24,022

For the financial year ending 30 September 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 Profit and Loss Account.

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................
DA Gore
Director

 

G&B Holiday Lets Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 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:
181 Back Lane
Appley Bridge
Wigan
Lancashire
WN6 8RS

These financial statements were authorised for issue by the Board on 27 June 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&B Holiday Lets Ltd

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 October

140,000

Fair value adjustments

10,000

At 30 September

150,000

Investment property was valued on an open market basis at June 2025 by the directors.

If Investment property had not been revalued it would have been included as following historical cost £119,020 (2023 (£119,020).

5

Debtors

Current

2024
£

2023
£

Other debtors

326

-

 

326

-

 

G&B Holiday Lets Ltd

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

326

Accruals and deferred income

1,132

1,068

Other creditors

18,067

11,450

19,199

12,844

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

104,889

104,968

 

G&B Holiday Lets Ltd

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

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

10,000

10,000

Tangible assets
2024
£

Amount of revaluation brought forward

20,980

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

104,889

104,968