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Registration number: 06782767

George's North East Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 June 2025

George's North East Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2
Notes to the Unaudited Abridged Financial Statements | 3 to 5

George's North East Ltd

Company Information

Directors | Mr A A Dodds Mr H Golzar

Registered office | C11 Marquis Court Team Valley Gateshead Tyne and Wear NE11 0RU

Accountants | McManus Hall Ltd C11 Marquis Court Team Valley Gateshead Tyne and Wear NE11 0RU

George's North East Ltd

(Registration number: 06782767)
Abridged Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 391,917 | 353,007
Current assets |  |  |
Cash at bank and in hand |  | 10,608 | 25,359
Creditors: Amounts falling due within one year |  | (130,843) | (132,520)
Net current liabilities |  | (120,235) | (107,161)
Total assets less current liabilities |  | 271,682 | 245,846
Provisions for liabilities |  | (2,160) | (2,160)
Accruals and deferred income |  | (950) | (950)
Net assets |  | 268,572 | 242,736
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 36,993 | -
Retained earnings |  | 231,479 | 242,636
Shareholders' funds |  | 268,572 | 242,736

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 November 2025 and signed on its behalf by:

.........................................

Mr A A Dodds

Director

George's North East Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C11 Marquis Court
Team Valley
Gateshead
Tyne and Wear
NE11 0RU

The principal place of business is:
55 New Road
Harraton
Washington
Tyne and Wear
NE38 9AT

These financial statements were authorised for issue by the Board on 25 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

George's North East Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 15% reducing balance basis 25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

George's North East Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Land and buildings £ | Other tangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 353,007 | 96,085 | 449,092
Revaluations | 36,993 | - | 36,993
Additions | - | 2,000 | 2,000
At 30 June 2025 | 390,000 | 98,085 | 488,085
Depreciation
At 1 July 2024 | - | 96,085 | 96,085
Charge for the year | - | 83 | 83
At 30 June 2025 | - | 96,168 | 96,168
Carrying amount
At 30 June 2025 | 390,000 | 1,917 | 391,917
At 30 June 2024 | 353,007 | - | 353,007

Included within the net book value of land and buildings above is £390,000 (2024 - £353,007) in respect of freehold land and buildings.

Revaluation

The fair value of the company's freehold property was revalued on 30 June 2025. An independent valuer was not involved.
The valuation was carried out by the Directors..
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £353,007 (2024 - £353,007).

5 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 36,993 | 36,993