G2 Property Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06405837

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,052		10,888

			8,052		10,888
CURRENT ASSETS
Stocks	5	3,350		-
Debtors	6	30,458		23,521
Cash at bank and in hand		8,172		1,402

		41,980		24,923
Creditors: Amounts Falling Due Within One Year	7	(48,154 )		(20,280 )

NET CURRENT ASSETS (LIABILITIES)			(6,174 )		4,643

TOTAL ASSETS LESS CURRENT LIABILITIES			1,878		15,531

Creditors: Amounts Falling Due After More Than One Year	8		(2,500 )		(12,500 )

NET (LIABILITIES)/ASSETS			(622 )		3,031

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(722 )		2,931

SHAREHOLDERS' FUNDS			(622)		3,031

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G2 Property Services Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gerard Smyth

Director

27/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

G2 Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06405837 . The registered office is 67 Lofting Road, London, N1 1JA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25%
Motor Vehicles	25%
Computer Equipment	25%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	4,205	71,277	16,163	91,645

As at 31 March 2025	4,205	71,277	16,163	91,645

Depreciation
As at 1 April 2024	4,053	61,848	14,856	80,757
Provided during the period	152	2,357	327	2,836

As at 31 March 2025	4,205	64,205	15,183	83,593

...CONTINUED

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G2 Property Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	-	7,072	980	8,052

As at 1 April 2024	152	9,429	1,307	10,888

5. Stocks

	2025	2024
	£	£
Materials	3,350	-

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	29,570	23,200
VAT	567	-
Amounts owed by other participating interests	321	321

	30,458	23,521

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
VAT	-	143
Other creditors	5,000	5,000
Accruals and deferred income	450	540
Director's loan account	32,704	4,597

	48,154	20,280

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,500	12,500

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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