REGISTERED NUMBER: 08644129 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

G15 ESTATES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Graham

G J Smyth

REGISTERED OFFICE:

10th Floor

Bridgewater House

Whitworth Street

Manchester

M1 6LT

REGISTERED NUMBER:

08644129 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Tangible assets

4

941

1,254

Investment property

5

62,469

362,469

63,410

363,723

CURRENT ASSETS

Debtors

40,883

21,286

Cash at bank and in hand

10,772

721

51,655

22,007

CREDITORS

Amounts falling due within one year

88,883

82,759

NET CURRENT LIABILITIES

(37,228

)

(60,752

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,182

302,971

CREDITORS

Amounts falling due after more than one year

6

(39,931

)

(190,660

)

PROVISIONS FOR LIABILITIES

-

(25,596

)

NET (LIABILITIES)/ASSETS

(13,749

)

86,715

CAPITAL AND RESERVES

Called up share capital

8

2

2

Property reserve

116,106

116,106

Retained earnings

(129,857

)

(29,393

)

SHAREHOLDERS' FUNDS

(13,749

)

86,715

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2025 and were signed on its behalf by:

G J Smyth - Director

1.	STATUTORY INFORMATION

G15 Estates Ltd 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 financial statements have been prepared on a going concern basis which assumes the continuing support of the company's creditors.

Turnover

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

Depreciation

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

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

and 31st December 2024

2,146

DEPRECIATION

At 1st January 2024

892

Charge for year

313

At 31st December 2024

1,205

NET BOOK VALUE

At 31st December 2024

941

At 31st December 2023

1,254

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

362,469

Disposals

(300,000

)

At 31st December 2024

62,469

NET BOOK VALUE

At 31st December 2024

62,469

At 31st December 2023

362,469

Fair value at 31st December 2024 is represented by:

£

Valuation in 2015

77,877

Valuation in 2018

50,000

Valuation in 2022

10,000

Valuation in 2024

(75,408

)

62,469

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

162,123

162,123

The investment property was revalued in September 2021 by Lamb & Swift, Commercial Property Consultants.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Due after 5 years

-

105,189

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

5,793

163,404

Hire purchase contracts

41,214

45,866

47,007

209,270

The bank loan is secured by charges over the company's assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who own all of the issued share capital.