IRIS Accounts Production v25.1.4.42 05218626 director 1.2.24 31.1.25 31.1.25 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052186262024-01-31052186262025-01-31052186262024-02-012025-01-31052186262023-01-31052186262023-02-012024-01-31052186262024-01-3105218626ns15:EnglandWales2024-02-012025-01-3105218626ns14:PoundSterling2024-02-012025-01-3105218626ns10:Director12024-02-012025-01-3105218626ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3105218626ns10:SmallEntities2024-02-012025-01-3105218626ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3105218626ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3105218626ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3105218626ns10:FullAccounts2024-02-012025-01-3105218626ns10:RegisteredOffice2024-02-012025-01-3105218626ns5:CurrentFinancialInstruments2025-01-3105218626ns5:CurrentFinancialInstruments2024-01-3105218626ns5:Non-currentFinancialInstruments2025-01-3105218626ns5:Non-currentFinancialInstruments2024-01-3105218626ns5:ShareCapital2025-01-3105218626ns5:ShareCapital2024-01-3105218626ns5:RevaluationReserve2025-01-3105218626ns5:RevaluationReserve2024-01-3105218626ns5:RetainedEarningsAccumulatedLosses2025-01-3105218626ns5:RetainedEarningsAccumulatedLosses2024-01-3105218626ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3105218626ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3105218626ns5:Secured2025-01-3105218626ns5:Secured2024-01-3105218626ns5:RevaluationReserve2024-01-31
REGISTERED NUMBER: 05218626 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

George Street Builders Limited

George Street Builders Limited (Registered number: 05218626)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


George Street Builders Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: N R Ramsden





REGISTERED OFFICE: Adam Smith Street
Grimsby
North East Lincs
DN31 1SJ





REGISTERED NUMBER: 05218626 (England and Wales)

George Street Builders Limited (Registered number: 05218626)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,478,488 9,835,488

CURRENT ASSETS
Debtors 5 88,873 64,190
Cash at bank 9,183 -
98,056 64,190
CREDITORS
Amounts falling due within one year 6 1,045,151 859,198
NET CURRENT LIABILITIES (947,095 ) (795,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,531,393

9,040,480

CREDITORS
Amounts falling due after more than one
year

7

9,164,715

9,990,061
NET LIABILITIES (633,322 ) (949,581 )

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 (308,736 ) (308,736 )
Retained earnings (324,587 ) (640,846 )
SHAREHOLDERS' FUNDS (633,322 ) (949,581 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

George Street Builders Limited (Registered number: 05218626)

Balance Sheet - continued
31 January 2025


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 director and authorised for issue on 14 July 2025 and were signed by:





N R Ramsden - Director


George Street Builders Limited (Registered number: 05218626)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

George Street Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
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.

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.

Going concern
The company is supported by Mr N Ramsden. There are therefore no issues in preparing the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

George Street Builders Limited (Registered number: 05218626)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 9,835,488
Disposals (357,000 )
At 31 January 2025 9,478,488
NET BOOK VALUE
At 31 January 2025 9,478,488
At 31 January 2024 9,835,488

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2011 (741,553 )
Valuation in 2012 345,000
Valuation in 2013 (20,000 )
Valuation in 2014 50,000
Valuation in 2015 57,817
Valuation in 2018 (639,065 )
Valuation in 2022 255,837
Valuation in 2024 249,356
Cost 9,921,096
9,478,488

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 88,732 63,910
Other debtors 141 280
88,873 64,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 239,369 185,721
Trade creditors 11,956 512
Taxation and social security 105,189 86,200
Other creditors 688,637 586,765
1,045,151 859,198

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 4,471,201 3,456,807
Other creditors 4,693,514 6,533,254
9,164,715 9,990,061

George Street Builders Limited (Registered number: 05218626)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.25 31.1.24
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,544,612 2,720,524
Other loans more 5yrs instal 4,302,417 5,678,040
7,847,029 8,398,564

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 4,710,570 3,640,878

Bank loans and overdrafts are secured by way of a floating charge on the Company's assets and fixed charges on its freehold land and its leasehold property and over all its book debts. The bank also holds an unlimited Multilateral Guarantee between D B Ramsden & Company Limited, Ron Ramsdens Limited, George Street Builders Limited and Re-Scan Limited dated 3 January 2013, as approved by the board on 6 March 2013.

At the balance sheet date the total of the contingent liability under the guarantee was £Nil (2024: £1,659,373).

9. RESERVES
Revaluation
reserve
£   
At 1 February 2024
and 31 January 2025 (308,736 )

10. RELATED PARTY DISCLOSURES

During the year the company had the following related party transactions:

31.1.25 31.1.24
£ £
Purchases made from related parties 66,845 70,113
Rent charged/recharges made to related parties 651,072 505,721
Interest paid to related parties 238,256 25,001
Amounts owed to related parties 4,776,567 5,853,628
Related party trade debtor balances 4,217 4,217
Investment property purchased from related parties Nil 4,347,725

The related parties are companies of which Mr N Ramsden is also a director.