Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31The principal activity of the company in the year under review was that of the ownership and management of theinvestment property at 15 Eddiscombe Road, London, SW6 4TZ.2024-01-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05879278 2024-01-01 2024-12-31 05879278 2023-01-01 2023-12-31 05879278 2024-12-31 05879278 2023-12-31 05879278 c:Director1 2024-01-01 2024-12-31 05879278 d:FurnitureFittings 2024-01-01 2024-12-31 05879278 d:FurnitureFittings 2024-12-31 05879278 d:FurnitureFittings 2023-12-31 05879278 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05879278 d:FreeholdInvestmentProperty 2024-12-31 05879278 d:FreeholdInvestmentProperty 2023-12-31 05879278 d:CurrentFinancialInstruments 2024-12-31 05879278 d:CurrentFinancialInstruments 2023-12-31 05879278 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05879278 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05879278 d:ShareCapital 2024-12-31 05879278 d:ShareCapital 2023-12-31 05879278 d:RetainedEarningsAccumulatedLosses 2024-12-31 05879278 d:RetainedEarningsAccumulatedLosses 2023-12-31 05879278 c:FRS102 2024-01-01 2024-12-31 05879278 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05879278 c:FullAccounts 2024-01-01 2024-12-31 05879278 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05879278 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 05879278


GEORGIEFF CAPITAL (UK) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024


















img4c5e.png
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
GEORGIEFF CAPITAL (UK) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GEORGIEFF CAPITAL (UK) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Georgieff Capital (UK) Limited for the year ended 31 December 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Georgieff Capital (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Georgieff Capital (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Georgieff Capital (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Georgieff Capital (UK) Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Georgieff Capital (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Georgieff Capital (UK) Limited. You consider that Georgieff Capital (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Georgieff Capital (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Haggards Crowther LLP
 
Chartered Accountants
  
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
30 July 2025
Page 1

 
GEORGIEFF CAPITAL (UK) LIMITED
REGISTERED NUMBER: 05879278

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
303
404

Investment property
 6 
1,450,247
1,450,247

  
1,450,550
1,450,651

Current assets
  

Debtors: amounts falling due within one year
 7 
160
152

Cash at bank and in hand
  
1,569
18,014

  
1,729
18,166

Creditors: amounts falling due within one year
 8 
(1,126,206)
(1,130,030)

Net current liabilities
  
 
 
(1,124,477)
 
 
(1,111,864)

Total assets less current liabilities
  
326,073
338,787

  

Net assets
  
326,073
338,787


Capital and reserves
  

Called up share capital 
  
490,000
490,000

Profit and loss account
  
(163,927)
(151,213)

  
326,073
338,787


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Page 2

 
GEORGIEFF CAPITAL (UK) LIMITED
REGISTERED NUMBER: 05879278
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


Mr N G Atkins
Director

Date: 30 July 2025

Page 3

 
GEORGIEFF CAPITAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Georgieff Capital (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05879278 and its registered address is 5 Fleet Place, London, England, EC4M 7RD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Turnover

Turnover represents the value of rent provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the rental income provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of rent, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

 
2.3

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 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.

Page 4

 
GEORGIEFF CAPITAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets


Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%



 
2.5

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

 
2.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
GEORGIEFF CAPITAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2024
6,180



At 31 December 2024

6,180



Depreciation


At 1 January 2024
5,776


Charge for the year on owned assets
101



At 31 December 2024

5,877



Net book value



At 31 December 2024
303



At 31 December 2023
404


6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
1,450,247



At 31 December 2024
1,450,247

Freehold property is held at fair value, which the director considers to be consistent with the purchase cost of the property.











Page 6

 
GEORGIEFF CAPITAL (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Prepayments and accrued income
160
152

160
152



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,124,465
1,128,385

Accruals and deferred income
1,741
1,645

1,126,206
1,130,030



9.


Related party transactions

The company charged rent of £18,000 (2023: £18,000) to its parent undertaking, Georgieff Capital Management GmbH.
Included in the year end Creditors balance is a loan of £1,042,440 (2023 £1,046,360), from its parent undertaking, Georgieff Capital Management GmbH. The loan is repayable on demand and subject to  interest at a rate of 0.5%.
Also included in the year end Creditors balance is an amount due to Georgieff Capital Management GmbH of £82,025 (2023: £82,025). The total due to the parent undertaking is £1,124,465 (2023: £1,128,385).

 
Page 7