George's Tradition (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

GEORGE'S TRADITION (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Constantinou

N D Hogan

A T Borkowski

REGISTERED OFFICE:

Cardinal Square

Suite 1 Ground Floor West 10

Nottingham Road

Derby

Derbyshire

DE1 3QT

REGISTERED NUMBER:

04488077 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Investments

3

90,744

90,744

CURRENT ASSETS

Debtors

4

1,289,907

1,270,273

NET CURRENT ASSETS

1,289,907

1,270,273

TOTAL ASSETS LESS CURRENT LIABILITIES

1,380,651

1,361,017

CREDITORS

Amounts falling due after more than one year

5

1,300,000

1,300,000

NET ASSETS

80,651

61,017

CAPITAL AND RESERVES

Called up share capital

6

1,200

1,200

Share premium

89,900

89,900

Capital distribution

(63,880

)

(63,880

)

Retained earnings

53,431

33,797

SHAREHOLDERS' FUNDS

80,651

61,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2019 and were signed on its behalf by:

A Constantinou - Director

1.	STATUTORY INFORMATION

George's Tradition (Holdings) 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including loans from

connected companies are measured initially at fair value, net of transaction cost and are measured

subsequently at amortised cost using the effective interest method, less any impairment.

Financial assets

Short term debtors are measured at transaction price, less any impairment. Other financial assets, including

loans to connected companies are measured initially at fair value, net of transactions cost and are

subsequently measured at amortised cost using the effective interest method, less any impairment.

3.	FIXED ASSET INVESTMENTS

2019

2018

£

£

Shares in group undertakings

102

102

Loans to group undertakings

90,642

90,642

90,744

90,744

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 February 2018

and 31 January 2019

102

NET BOOK VALUE

At 31 January 2019

102

At 31 January 2018

102

Loans to

group

undertakings

£

At 1 February 2018

and 31 January 2019

90,642

4.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Directors' current accounts

1,097

1,097

Amounts falling due after more than one year:

Amounts owed by group undertakings

742,809

724,692

Amounts owed by associates

523,498

510,730

Other debtors

22,503

33,754

1,288,810

1,269,176

Aggregate amounts

1,289,907

1,270,273

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Preference shares

1,300,000

1,300,000

Amounts falling due in more than five years:

Repayable by instalments

Preference shares

1,300,000

1,300,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

900

'A' Ordinary

£1

900

900

225

'B' Ordinary

£1

225

300

75

'C' Ordinary

£1

75

-

1,200

1,200

On 13th November 2018 the company passed a written resolution as follows:

That 75 issued 'B' Ordinary shares of £1.00 each in the capital of the Company be re-designated as 75 'C'

Ordinary shares of £1.00 each.