Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Michael Robert Hall 06/11/2020 29 August 2025 The principal activity of the Company during the financial year was buying and selling of own real estate. 13001302 2024-11-30 13001302 bus:Director1 2024-11-30 13001302 core:CurrentFinancialInstruments 2024-11-30 13001302 core:CurrentFinancialInstruments 2023-11-30 13001302 2023-11-30 13001302 core:ShareCapital 2024-11-30 13001302 core:ShareCapital 2023-11-30 13001302 core:RetainedEarningsAccumulatedLosses 2024-11-30 13001302 core:RetainedEarningsAccumulatedLosses 2023-11-30 13001302 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-11-30 13001302 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-11-30 13001302 2023-12-01 2024-11-30 13001302 bus:FilletedAccounts 2023-12-01 2024-11-30 13001302 bus:SmallEntities 2023-12-01 2024-11-30 13001302 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 13001302 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13001302 bus:Director1 2023-12-01 2024-11-30 13001302 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 13001302 (England and Wales)

GUY-HALL PROPERTY LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

GUY-HALL PROPERTY LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

GUY-HALL PROPERTY LTD

COMPANY INFORMATION

For the financial year ended 30 November 2024
GUY-HALL PROPERTY LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTOR Michael Robert Hall
REGISTERED OFFICE 28 Cathedral Road
Cardiff
CF11 9LJ
Wales
United Kingdom
COMPANY NUMBER 13001302 (England and Wales)
ACCOUNTANT Gravita Business Services II Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
GUY-HALL PROPERTY LTD

BALANCE SHEET

As at 30 November 2024
GUY-HALL PROPERTY LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Current assets
Debtors 3 313,048 204,473
Cash at bank and in hand 19,257 15,862
332,305 220,335
Creditors: amounts falling due within one year 4 ( 104,481) ( 30,657)
Net current assets 227,824 189,678
Total assets less current liabilities 227,824 189,678
Net assets 227,824 189,678
Capital and reserves
Called-up share capital 120 120
Profit and loss account 227,704 189,558
Total shareholders' funds 227,824 189,678

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Guy-Hall Property Ltd (registered number: 13001302) were approved and authorised for issue by the Director on 29 August 2025. They were signed on its behalf by:

Michael Robert Hall
Director
GUY-HALL PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
GUY-HALL PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Guy-Hall Property Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 28 Cathedral Road, Cardiff, CF11 9LJ, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Amounts owed by related parties 0 200,000
Corporation tax 77,625 0
Other debtors 235,423 4,473
313,048 204,473

Included in other debtors above is unpaid share capital of £120 (2023: £120).

4. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 86,236 12,965
Other creditors 18,245 17,692
104,481 30,657

5. Related party transactions

No director's remuneration was paid in the current or prior year.

Included within debtors in the prior year was a loan to Jigsaw PMG Tottenham Limited of £200,000, a company in which M R Hall also serves as a director. This loan was fully settled during the year and interest amounting to £49,258 was received.

Included in other debtors is an overdrawn director's loan balance of £115,935 (2023: £935), which is interest free and repayable on demand. At the year end, included in other debtors is an amount owed by the shareholders totalling £115,000 (2023: £nil). These loans are interest-free and repayable on demand.

Included within other creditors is an unsecured loan of £13,264 (2023: £301) from PMG Energy Limited and PMG Developments Limited of £531 (2023: £10,691), both companies being under common control. The loans are interest free and are repayable on demand.

6. Ultimate controlling party

There is no ultimate controlling party.