Company No: 14451817 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	565,000		565,000
		565,000		565,000
Current assets
Debtors	4	57,496		40,765
		57,496		40,765
Creditors: amounts falling due within one year	5	( 543,005)		( 556,825)
Net current liabilities		(485,509)		(516,060)
Total assets less current liabilities		79,491		48,940
Net assets		79,491		48,940
Capital and reserves
Called-up share capital		1		1
Profit and loss account		79,490		48,939
Total shareholder's funds		79,491		48,940

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of 61 Great George Street Limited (registered number: 14451817) were approved and authorised for issue by the Director on 04 June 2026. They were signed on its behalf by:

Mrs S Mansfield Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

61 Great George Street Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House East Wing Ground, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable in respect of rents receivable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

The company is run and administered by the director for whom no formal contract of service is in place.

3. Investment property

	Investment property
	£
Valuation
As at 01 November 2024	565,000
As at 31 October 2025	565,000

The investment properties class of fixed assets was adjusted on 31 March 2025 to fair value by the director who is internal to the company. The basis of this valuation was open market value.

There has been no valuation of investment property by an independent valuer.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	565,000		565,000

4. Debtors

	2025		2024
	£		£
Other debtors	57,496		40,765

Within debtors is a loan, which is repayable on demand, to an associated company. Interest is charged at a commercial rate. At the balance sheet date, the amounts due were £57,496 (2024 - £40,765).

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	9,995		11,887
Other creditors	533,010		544,938
	543,005		556,825

Within other creditors is an interest free loan, which is repayable on demand, from an associated company. At the balance sheet date, the amounts due were £253,294 (2024 - £253,294).

Within other creditors is a loan to the director, which is interest free and repayable on demand.