Georgia GC Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08418833

GEORGIA GC LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

GEORGIA GC LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

GEORGIA GC LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£

Current assets

Cash at bank and in hand	446		446

Creditors: amounts falling due within one year	5	3,994,166		3,993,382
		------------		------------
Net current liabilities			3,993,720	3,992,936
			------------	------------
Total assets less current liabilities			( 3,993,720)	( 3,992,936)
			------------	------------
Net liabilities			( 3,993,720)	( 3,992,936)
			------------	------------

Capital and reserves

Called up share capital	2,540,877	2,540,877
Profit and loss account	( 6,534,597)	( 6,533,813)
	------------	------------
Shareholders deficit	( 3,993,720)	( 3,992,936)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

T. L. Mort

Director

Company registration number: 08418833

GEORGIA GC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/268 Chapel Street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 May 2024 and 30 April 2025	10,184,703
	-------------
Impairment
At 1 May 2024 and 30 April 2025	10,184,703
	-------------

Carrying amount
At 30 April 2025	–
	-------------
At 30 April 2024	–
	-------------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,993,416	3,992,632
Other creditors	750	750
	------------	------------
	3,994,166	3,993,382
	------------	------------

6. Contingencies

Georgia GC Limited and its holding and subsidiary companies Georgia GC Holdings Limited and Cole Beauty Limited respectively are subject to a inter-company guarantee in favour of the company bankers. At 30 April 2025 the company had a contingent liability under this agreement amounting to £Nil (2024: £194,494).

7. Related party transactions

The company has taken advantage of the exemption available in Section 33 of FRS102 "Related Party Disclosures" whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group. The company is a wholly owned subsidiary of Georgia GC Holdings Limited, a company incorporated in England and Wales (Registered office: Alex House, 260/268 Chapel Street, Salford, Manchester, M3 5JZ).