Georgetown Forest Limited - Filleted accounts

Registered number

04333216

Georgetown Forest Limited

Filleted Accounts

31 October 2025

Georgetown Forest Limited
Registered number:		04333216
Balance Sheet
as at 31 October 2025

Notes			2025		2024

Current assets
Stocks		3,240,000		3,240,000
Debtors	3	2,059,982		2,110,660
Cash at bank and in hand		172,451		130,562
		5,472,433		5,481,222

Creditors: amounts falling due within one year	4	(5,078,631)		(5,107,458)

Net current assets			393,802		373,764

Net assets			393,802		373,764

Capital and reserves
Called up share capital			100		100
Profit and loss account			393,702		373,664

Shareholders' funds			393,802		373,764

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R M Walker
Director
Approved by the board on 17 April 2026

Georgetown Forest Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	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).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2025		2024


	Trade debtors	6,119		395
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,053,863		2,110,265
		2,059,982		2,110,660


4	Creditors: amounts falling due within one year	2025		2024


	Bank loans and overdrafts	4,157,708		4,157,708
	Trade creditors	21,455		11,955
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	868,628		868,628
	Taxation and social security costs	12,720		4,661
	Other creditors	18,120		64,506
		5,078,631		5,107,458


5	Loans	2025		2024

	Creditors include:

	Secured bank loans	4,157,708		4,157,708

	The loans are secured on various properties owned by the company.


6	Related party transactions

	The company is connected to several other companies in a group structure. All transactions between the companies are carried out under normal market conditions. The amounts due to and from related companies are identified in the notes as amounts owed from/to group undertakings and undertakings in which the company has a participating interest.


7	Controlling party

	The company is a subsidiary of Georgetown Developments Limited whose registered office is the same as that of the company. The directors consider that there is no individual controlling party.


8	Other information

	Georgetown Forest Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Britannic House
	Regent Street
	Barnsley
	South Yorkshire
	S70 2EQ