GEORGE LAURENCE PROPERTIES LIMITED


Director	GLP O'Toole


Registered Address	12a Marlborough Place
	Brighton
	BN1 1WN


Registered Number	11982616 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	4		471,940		471,940
			471,940		471,940
Current assets
Cash at bank and on hand		729		2,733
		729		2,733
Creditors amounts falling due within one year	5	(455,881)		(481,590)
Net current assets (liabilities)			(455,152)		(478,857)
Total assets less current liabilities			16,788		(6,917)
Creditors amounts falling due after one year	6		(12,019)		(22,013)
Accruals and deferred income			(720)		(720)
Net assets			4,049		(29,650)
Capital and reserves
Called up share capital			100		100
Profit and loss account			3,949		(29,750)
Shareholders' funds			4,049		(29,650)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 26 September 2025, and are signed on its behalf by:

GLP O'Toole
Director
Registered Company No. 11982616

GEORGE LAURENCE PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

	Investment property
	Investment property is included at fair value and depreciation is not charged in accordance with the Companies Act 2006 stipulations in relation to investment property and the revaluation model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102. Gains are recognised in the income statement but are not distributable. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Investment property

Investment property is included at fair value and depreciation is not charged in accordance with the Companies Act 2006 stipulations in relation to investment property and the revaluation model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102. Gains are recognised in the income statement but are not distributable. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 June 24	1,898	1,898
At 31 May 25	1,898	1,898
Depreciation and impairment
At 01 June 24	1,898	1,898
At 31 May 25	1,898	1,898
Net book value
At 31 May 25	-	-
At 31 May 24	-	-

4.	Investment property


		£
	Fair value at 01 June 24	471,940
	At 31 May 25	471,940

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	982	-
Other creditors	454,899	481,590
Total	455,881	481,590

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	12,019	22,013
Total	12,019	22,013

7.	Related party transactions
	Included in the financial statements are the following significant transactions and balances with related parties: George Laurence Limited, a company controlled by the director, Mr G O'Toole: Creditors: Amounts falling due within one year £454,898 (2024: £481,590).