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REGISTERED NUMBER: 05014019 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AUSTEN GEORGE HOLDINGS LIMITED

AUSTEN GEORGE HOLDINGS LIMITED (REGISTERED NUMBER: 05014019)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUSTEN GEORGE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs VS Browning
Mr JR Browning





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 05014019 (England and Wales)

AUSTEN GEORGE HOLDINGS LIMITED (REGISTERED NUMBER: 05014019)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,380,695 1,026,696
Investments 5 377,797 725,003
Investment property 6 350,000 -
2,108,492 1,751,699

CURRENT ASSETS
Debtors 7 1,150,332 1,532,281
Cash at bank 14,221 3,845
1,164,553 1,536,126
CREDITORS
Amounts falling due within one year 8 1,273,088 1,716,533
NET CURRENT LIABILITIES (108,535 ) (180,407 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,999,957

1,571,292

CREDITORS
Amounts falling due after more than one year 9 (215,000 ) (215,000 )

PROVISIONS FOR LIABILITIES (229,985 ) -
NET ASSETS 1,554,972 1,356,292

AUSTEN GEORGE HOLDINGS LIMITED (REGISTERED NUMBER: 05014019)

BALANCE SHEET - continued
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,212,558 1,212,558
Revaluation reserve 12 689,954 -
Retained earnings (347,540 ) 143,734
SHAREHOLDERS' FUNDS 1,554,972 1,356,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 2 July 2025 and were signed on its behalf by:





Mrs VS Browning - Director


AUSTEN GEORGE HOLDINGS LIMITED (REGISTERED NUMBER: 05014019)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Austen George Holdings 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.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.

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

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life.

Fixtures, Fittings and Equipment - Over 10 years and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


AUSTEN GEORGE HOLDINGS LIMITED (REGISTERED NUMBER: 05014019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

Freehold property
No depreciation has been provided on freehold property. It is the company's policy to maintain these assets in a continual state of repair and to make improvements thereto from time to time. Accordingly, the director considers that the life of the assets is so long, and their residual value based on prices prevailing at the time of acquisition so high, that depreciation is insignificant. Any permanent diminution in value is charged to the profit and loss account.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Operating leases in respect of rent receivable
Rentals received under operating leases are charged to profit or loss on a straight line basis over the period of lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

AUSTEN GEORGE HOLDINGS LIMITED (REGISTERED NUMBER: 05014019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 943,533 172,475 1,116,008
Additions - 7,404 7,404
Disposals (550,000 ) - (550,000 )
Revaluations 919,939 - 919,939
At 31 October 2024 1,313,472 179,879 1,493,351
DEPRECIATION
At 1 November 2023 - 89,312 89,312
Charge for year - 23,344 23,344
At 31 October 2024 - 112,656 112,656
NET BOOK VALUE
At 31 October 2024 1,313,472 67,223 1,380,695
At 31 October 2023 943,533 83,163 1,026,696

Cost or valuation at 31 October 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2024 919,939 - 919,939
Cost 393,533 179,879 573,412
1,313,472 179,879 1,493,351

If the freehold property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 180,000 180,000

The Freehold Property was valued on an open market basis on 31 October 2024 by Innes England .

AUSTEN GEORGE HOLDINGS LIMITED (REGISTERED NUMBER: 05014019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023 725,003
Additions 11
Disposals (347,217 )
At 31 October 2024 377,797
NET BOOK VALUE
At 31 October 2024 377,797
At 31 October 2023 725,003

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 350,000
At 31 October 2024 350,000
NET BOOK VALUE
At 31 October 2024 350,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,930 12,361
Amounts owed by group undertakings 985,057 1,407,782
Other debtors 42,345 112,138
1,150,332 1,532,281

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) - 626,684
Trade creditors 17,646 28,559
Amounts owed to group undertakings 670,561 892,814
Other creditors 584,881 168,476
1,273,088 1,716,533

AUSTEN GEORGE HOLDINGS LIMITED (REGISTERED NUMBER: 05014019)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 215,000 215,000

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr - 626,684

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 626,684

12. RESERVES
Revaluation
reserve
£   
Transfer 689,954

At 31 October 2024 689,954