Company Registration No. 07623344 (England and Wales)
Generational Investments Limited
Unaudited accounts
for the year ended 31 July 2023
Generational Investments Limited
Unaudited accounts
Contents
Generational Investments Limited
Company Information
for the year ended 31 July 2023
Directors
Stephen Abletshauser
Fiona Lascelles
James Parkins
Company Number
07623344 (England and Wales)
Registered Office
59 St. Martin's Lane
Suite 8
London
WC2N 4JS
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Generational Investments Limited
Statement of financial position
as at 31 July 2023
Tangible assets
462,412
573,703
Investment property
2,666,667
2,032,000
Cash at bank and in hand
4,376
16,301
Creditors: amounts falling due within one year
(2,508,882)
(2,374,754)
Net current liabilities
(2,063,391)
(1,919,833)
Total assets less current liabilities
1,081,898
702,080
Creditors: amounts falling due after more than one year
(145,044)
(282,455)
Net assets
936,854
419,625
Called up share capital
784
784
Share premium
389,866
389,866
Revaluation reserve
1,666,667
1,032,000
Profit and loss account
(1,120,463)
(1,003,025)
Shareholders' funds
936,854
419,625
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by
Stephen Abletshauser
Director
Company Registration No. 07623344
Generational Investments Limited
Notes to the Accounts
for the year ended 31 July 2023
Generational Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07623344. The registered office is 59 St. Martin's Lane, Suite 8, London, WC2N 4JS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Investment property is included at market fair value. Gains are recognised in the Statement of Other Comprehensive Income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Generational Investments Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
784,173
7,666
791,839
At 31 July 2023
784,173
7,666
791,839
At 1 August 2022
215,044
3,092
218,136
Charge for the year
108,198
3,093
111,291
At 31 July 2023
323,242
6,185
329,427
At 31 July 2023
460,931
1,481
462,412
At 31 July 2022
569,129
4,574
573,703
Fair value at 1 August 2022
2,032,000
Net gain from fair value adjustments
634,667
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Investments
Subsidiary undertakings
Valuation at 1 August 2022
16,210
Valuation at 31 July 2023
16,210
Amounts falling due within one year
Trade debtors
172,005
156,059
Amounts due from group undertakings etc.
257,246
218,240
Accrued income and prepayments
11,864
6,576
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
31,345
31,344
Obligations under finance leases and hire purchase contracts
28,547
42,821
Loans from directors
2,424,898
2,300,589
Generational Investments Limited
Notes to the Accounts
for the year ended 31 July 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
102,224
133,569
Obligations under finance leases and hire purchase contracts
42,820
148,886
There is a loan from Barclays Bank Plc for £400,000, which is accrued on a fixed rate basis of 5.210% per annum and is repayable within 120 instalments.
Allotted, called up and fully paid:
784 Ordinary shares of £1 each
784
784
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).
