REGISTERED NUMBER: 10741861 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Garage Door Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M C Clarkson

Mr M A Frost

Mr T M Hole

REGISTERED OFFICE:

27 Stonehouse Street

Plymouth

PL1 3PE

REGISTERED NUMBER:

10741861 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investments

4

280,856

280,856

Investment property

5

400,350

-

681,206

280,856

CURRENT ASSETS

Debtors

6

86,888

17,244

Cash at bank

6,629

202,799

93,517

220,043

CREDITORS

Amounts falling due within one year

7

7,262

1,317

NET CURRENT ASSETS

86,255

218,726

TOTAL ASSETS LESS CURRENT LIABILITIES

767,461

499,582

CREDITORS

Amounts falling due after more than one year

8

261,756

-

NET ASSETS

505,705

499,582

CAPITAL AND RESERVES

Called up share capital

10

7,252

7,252

Retained earnings

11

498,453

492,330

SHAREHOLDERS' FUNDS

505,705

499,582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 18 August 2025 and were signed on its behalf by:

Mr T M Hole - Director

1.	STATUTORY INFORMATION

Garage Door 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

280,856

NET BOOK VALUE

At 31 December 2024

280,856

At 31 December 2023

280,856

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

400,350

At 31 December 2024

400,350

NET BOOK VALUE

At 31 December 2024

400,350

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

86,369

17,244

Prepayments

519

-

86,888

17,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

6,633

-

Tax

-

453

Accrued expenses

629

864

7,262

1,317

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

7,078

-

Bank loans - 2-5 years

23,561

-

Bank loans more 5 yr by instal

231,117

-

261,756

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

231,117

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Loans are secured against the assets indicated in note 6.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

4

A Ordinary

£60

240

240

4

B Ordinary

£60

240

240

4

C Ordinary

£60

240

240

4

D Ordinary

£60

240

240

4

E Ordinary

£60

240

240

1

F Ordinary

£60

60

60

5,992

Ordinary

£1

5,992

5,992

7,252

7,252

The following shares were issued during the year for cash at par :

1 F Ordinary share of £60

11.

RESERVES

Retained

earnings

£

At 1 January 2024

492,330

Profit for the year

632,627

Dividends

(626,504

)

At 31 December 2024

498,453