REGISTERED NUMBER: 10852186 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

George Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G A Adams

REGISTERED OFFICE:

The Warehouse

Silver Street

Malmesbury

Wiltshire

SN16 9BU

REGISTERED NUMBER:

10852186 (England and Wales)

FIXED ASSETS

Tangible assets

4

35,823

48,227

Investment property

5

13,465,800

10,627,585

13,501,623

10,675,812

CURRENT ASSETS

Debtors

6

175,447

308,114

Cash at bank

292,935

580,654

468,382

888,768

CREDITORS

Amounts falling due within one year

7

1,950,220

3,935,069

NET CURRENT LIABILITIES

(1,481,838

)

(3,046,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,019,785

7,629,511

CREDITORS

Amounts falling due after more than one year

8

(1,230,083

)

-

PROVISIONS FOR LIABILITIES

(528,475

)

(457,700

)

NET ASSETS

10,261,227

7,171,811

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Share premium

4,209,968

4,209,968

Other reserves

1,333,759

(535,625

)

Retained earnings

4,617,500

3,397,468

SHAREHOLDERS' FUNDS

10,261,227

7,171,811

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 2 December 2025 and were signed by:

G A Adams - Director

1.	STATUTORY INFORMATION

George Estates Limited 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.

Turnover

Turnover represents rental income receivable excluding applicable Value Added Tax. Rental income is recognised in accordance with the terms of tenants' leases.

Tangible fixed assets

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

Plant and machinery

-

12.5% on a straight line basis

Fixtures and fittings

-

20% on straight line basis

Computer equipment

-

20% on straight line basis

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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

92,916

27,952

1,503

122,371

DEPRECIATION

At 1 April 2024

45,850

27,048

1,246

74,144

Charge for year

11,597

647

160

12,404

At 31 March 2025

57,447

27,695

1,406

86,548

NET BOOK VALUE

At 31 March 2025

35,469

257

97

35,823

At 31 March 2024

47,066

904

257

48,227

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

10,627,585

Additions

350,371

Disposals

(4,667

)

Revaluations

2,492,511

At 31 March 2025

13,465,800

NET BOOK VALUE

At 31 March 2025

13,465,800

At 31 March 2024

10,627,585

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

(393,000

)

Valuation in 2022

(80,669

)

Valuation in 2023

(427,862

)

Valuation in 2024

187,365

Valuation in 2025

2,492,511

Cost

11,687,455

13,465,800

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

2025

2024

£

£

Cost

11,687,455

11,341,751

Investment property was valued on an open market basis on 31 March 2025 by Alder King .

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

108,354

107,801

Deferred tax asset

-

150,601

Prepayments and accrued income

58,236

45,196

166,590

303,598

Amounts falling due after more than one year:

Prepayments and accrued income

8,857

4,516

Aggregate amounts

175,447

308,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

1,137,903

3,271,975

Trade creditors

78,295

78,009

Tax

275,072

218,739

Social security and other taxes

3,589

6,527

VAT

65,142

38,237

Other creditors

206,724

187,362

Directors' current accounts

-

2,701

Deferred income

151,849

112,373

Accrued expenses

31,646

19,146

1,950,220

3,935,069

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

75,000

-

Other loans - 2-5 years

1,155,083

-

1,230,083

-

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Iain Black (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

10.	RELATED PARTY DISCLOSURES

Other loans includes a loan of £1,137,904 (2024: £3,271,975) from G A Adams. This loan is being repaid by monthly instalments of £5,000 or by such other amounts as may be agreed from time to time. This loan is unsecured, repayable on demand and interest is payable as agreed between the parties from time to time.

Other loans also includes a loan of £1,230,082 (2024: £0) from a former shareholder. The loan is repayable over a period of 5 years, with interest payable in line with the Bank of England base rate and is secured against an investment property owned by the company.

11.	POST BALANCE SHEET EVENTS

An investment property with a fair value of £660,000 at 31 March 2025, was sold for consideration of £700,000 on 13 May 2025.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is G A Adams.