Geering's Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08563384 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2017

for

Geering's Holdings Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

D Geering

D Nurthen

REGISTERED OFFICE:

Unit 64 Riverside 3

Sir Thomas Longley Road

Medway City Trading Estate

Rochester

Kent

ME2 4BH

REGISTERED NUMBER:

08563384 (England and Wales)

ACCOUNTANTS:

Charcroft Baker LLP

Chartered Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Geering's Holdings Limited for the year ended 30 November 2017 which comprise

the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and

the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Geering's Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 22 February 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Geering's Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Geering's Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Geering's Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Geering's Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Geering's Holdings Limited. You consider that Geering's Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Geering's Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charcroft Baker LLP

Chartered Accountants

5 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

16 August 2018

FIXED ASSETS

Tangible assets

3

-

166,088

Investments

4

1

Investment property

5

573,352

284,942

573,353

451,031

CURRENT ASSETS

Debtors

6

9,032

-

Cash at bank

7,770

13,849

16,802

13,849

CREDITORS

Amounts falling due within one year

7

542,398

452,519

NET CURRENT LIABILITIES

(525,596

)

(438,670

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

47,757

12,361

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

47,657

12,261

SHAREHOLDERS' FUNDS

47,757

12,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 7 August 2018 and were signed on its
behalf by:

D Geering - Director

1.	STATUTORY INFORMATION

Geering's 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

No depreciation is provided in respect of the land and buildings. In the opinion of the directors the level

of repairs and maintenance on buildings, the long estimated useful economic life of both land and

buildings, together with their estimated realisable values would result in any depreciation charges being

immaterial.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

FRS 102 requires that properties be measured at fair value with any surplus or deficit arising from

changes in fair value recognised in the profit or loss account. The directors have not revalued

investment properties to their fair value at the year end in line with recommended practice of FRS 102

section 1A as they consider the value in the Statement of Financial Position to not be materially

different from the fair value at the reporting date.

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 material 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.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 December 2016

166,088

Disposals

(166,088

)

At 30 November 2017

-

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

166,088

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2016

and 30 November 2017

1

NET BOOK VALUE

At 30 November 2017

1

At 30 November 2016

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

284,942

Additions

288,410

At 30 November 2017

573,352

NET BOOK VALUE

At 30 November 2017

573,352

At 30 November 2016

284,942

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Other debtors

9,032

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Amounts owed to group undertakings

534,089

449,486

Taxation and social security

7,209

3,033

Other creditors

1,100

-

542,398

452,519

8.	RELATED PARTY DISCLOSURES

Included within other creditors is £534,089 (2016 : £449,486) owed to J D Geerings Plumbing & Heating Limited ., a company owned by Gerrings Holdings Limited.

Included within other debtors is £9,032 (2016 : £Nil) due from G&N Property Developments Limited, a

company controlled by Dean Geering and David Nurthen.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Geering by virtue of his majority shareholding.

10.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to

FRS 102 Section 1A and have not impacted on equity or profit or loss.

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

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