Gordon Greatorex Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00552889 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Gordon Greatorex Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A Riches

Dr. M C Riches

SECRETARY:

Dr M C Riches

REGISTERED OFFICE:

34 - 35 Clarges Street

Mayfair

London

W1J 7EJ

REGISTERED NUMBER:

00552889 (England and Wales)

ACCOUNTANTS:

Sampson Fielding Ltd

34 - 35 Clarges Street

Mayfair

London

W1J 7EJ

FIXED ASSETS

Tangible assets

4

-

7

Investment property

5

-

1,830,000

-

1,830,007

CURRENT ASSETS

Debtors

6

1,417

1,723

Cash at bank

2,759,209

918,469

2,760,626

920,192

CREDITORS

Amounts falling due within one year

7

414,009

81,439

NET CURRENT ASSETS

2,346,617

838,753

TOTAL ASSETS LESS CURRENT LIABILITIES

2,346,617

2,668,760

PROVISIONS FOR LIABILITIES

-

398,978

NET ASSETS

2,346,617

2,269,782

CAPITAL AND RESERVES

Called up share capital

100

Other reserves

28,001

Fair value reserve

8

-

1,389,855

Retained earnings

2,318,516

851,826

SHAREHOLDERS' FUNDS

2,346,617

2,269,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 29th September 2025 and were signed on its behalf by:

Dr. M C Riches - Director

1.	STATUTORY INFORMATION

Gordon Greatorex 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.

The financial statements are prepared in Pound Sterling which is the functional currency of the company and rounded to nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover comprises revenue recognised by the company in respect of rental income and is recognised in the period to which it relates.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the profit and loss account for the year.

In accordance with FRS 102 1A no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

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.

Debtors & creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2024

and 31st December 2024

4,949

DEPRECIATION

At 1st January 2024

4,942

Charge for year

7

At 31st December 2024

4,949

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

7

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

1,830,000

Disposals

(1,830,000

)

At 31st December 2024

-

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

1,830,000

All investment property was disposed of during the year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Trade debtors

1,417

Other debtors

-

306

1,417

1,723

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Taxation and social security

367,876

21,448

Other creditors

46,133

59,991

414,009

81,439

8.

RESERVES

Fair

value

reserve

£

At 1st January 2024

1,389,855

Movement in the year

(1,389,855

)

At 31st December 2024

-