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COMPANY REGISTRATION NUMBER: SC053381
G.A. Estate Agency Limited
Filleted Unaudited Financial Statements
26 April 2024
G.A. Estate Agency Limited
Financial Statements
Period from 1 May 2023 to 26 April 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
G.A. Estate Agency Limited
Statement of Financial Position
26 April 2024
26 Apr 24
30 Apr 23
Note
£
£
Current assets
Debtors
5
255,139
471,844
Cash at bank and in hand
951
244,997
---------
---------
256,090
716,841
Creditors: amounts falling due within one year
6
( 1,363,085)
( 1,649,525)
------------
------------
Net current liabilities
( 1,106,995)
( 932,684)
------------
---------
Total assets less current liabilities
( 1,106,995)
( 932,684)
------------
---------
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
( 1,106,997)
( 932,686)
------------
---------
Shareholders deficit
( 1,106,995)
( 932,684)
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 26 April 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 July 2025 , and are signed on behalf of the board by:
Mr P N Booth
Mr P J Booth
Director
Director
Company registration number: SC053381
G.A. Estate Agency Limited
Notes to the Financial Statements
Period from 1 May 2023 to 26 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 54 Washington Street, Glasgow, G3 8AZ, Scotland.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tax on (loss)/profit
Major components of tax (income)/expense
Period from
1 May 23 to
Year to
26 Apr 24
30 Apr 23
£
£
Current tax:
UK current tax (income)/expense
( 36,538)
79,707
--------
--------
Tax on (loss)/profit
( 36,538)
79,707
--------
--------
5. Debtors
26 Apr 24
30 Apr 23
£
£
Amounts owed by group undertakings
255,139
471,844
---------
---------
Other debtors include an amount of £nil (2023 - £nil) falling due after more than one year.
6. Creditors: amounts falling due within one year
26 Apr 24
30 Apr 23
£
£
Trade creditors
19,848
19,848
Amounts owed to group undertakings
1,253,552
1,504,552
Corporation tax
50,322
85,762
Social security and other taxes
6,036
6,036
Other creditors
33,327
33,327
------------
------------
1,363,085
1,649,525
------------
------------
National Westminster Bank PLC hold a bond and floating charge over all property and assets of the company.
7. Called up share capital
Issued, called up and fully paid
26 Apr 24
30 Apr 23
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
8. Related party transactions
During the current and previous period the company was under the control of Frank Booth & Sons (Brixham) Limited, a company controlled by Mr P J Booth . No transactions with related parties were undertaken such as are required to be disclosed under FRS102.