IRIS Accounts Production v22.1.4.3 13324988 Board of Directors Board of Directors 9.4.21 31.12.21 31.12.21 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure133249882021-04-08133249882021-12-31133249882021-04-092021-12-31133249882021-04-0813324988ns16:EnglandWales2021-04-092021-12-3113324988ns15:PoundSterling2021-04-092021-12-3113324988ns11:Director12021-04-092021-12-3113324988ns11:Director22021-04-092021-12-3113324988ns11:PrivateLimitedCompanyLtd2021-04-092021-12-3113324988ns11:SmallEntities2021-04-092021-12-3113324988ns11:AuditExempt-NoAccountantsReport2021-04-092021-12-3113324988ns11:SmallCompaniesRegimeForDirectorsReport2021-04-092021-12-3113324988ns11:SmallCompaniesRegimeForAccounts2021-04-092021-12-3113324988ns11:FullAccounts2021-04-092021-12-3113324988ns11:CompanySecretary12021-04-092021-12-3113324988ns11:RegisteredOffice2021-04-092021-12-3113324988ns6:CurrentFinancialInstruments2021-12-3113324988ns6:ShareCapital2021-12-3113324988ns6:RetainedEarningsAccumulatedLosses2021-12-3113324988ns6:FurnitureFittings2021-04-092021-12-3113324988ns6:FurnitureFittings2021-12-3113324988ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-31
REGISTERED NUMBER: 13324988 (England and Wales)















Unaudited Financial Statements

for the Period 9 April 2021 to 31 December 2021

for

GG-605-206 Limited

GG-605-206 Limited (Registered number: 13324988)






Contents of the Financial Statements
for the Period 9 April 2021 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GG-605-206 Limited

Company Information
for the Period 9 April 2021 to 31 December 2021







DIRECTORS: Ling Ling Tracy Chan
Ka Hei Gabriel Cheng





SECRETARY: Getground Secretary





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 13324988 (England and Wales)






GG-605-206 Limited (Registered number: 13324988)

Balance Sheet
31 December 2021

Notes £    £   
FIXED ASSETS
Tangible assets 4 381
Investment property 5 419,600
419,981

CURRENT ASSETS
Debtors 6 618
Cash at bank 7,835
8,453
CREDITORS
Amounts falling due within one year 7 424,865
NET CURRENT LIABILITIES (416,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,569

PROVISIONS FOR LIABILITIES 72
NET ASSETS 3,497

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 3,397
3,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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.

GG-605-206 Limited (Registered number: 13324988)

Balance Sheet - continued
31 December 2021


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:




Ling Ling Tracy Chan - Director



Ka Hei Gabriel Cheng - Director


GG-605-206 Limited (Registered number: 13324988)

Notes to the Financial Statements
for the Period 9 April 2021 to 31 December 2021

1. STATUTORY INFORMATION

GG-605-206 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.


GG-605-206 Limited (Registered number: 13324988)

Notes to the Financial Statements - continued
for the Period 9 April 2021 to 31 December 2021

2. ACCOUNTING POLICIES - continued
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 period 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. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 435
At 31 December 2021 435
DEPRECIATION
Charge for period 54
At 31 December 2021 54
NET BOOK VALUE
At 31 December 2021 381

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 419,600
At 31 December 2021 419,600
NET BOOK VALUE
At 31 December 2021 419,600

GG-605-206 Limited (Registered number: 13324988)

Notes to the Financial Statements - continued
for the Period 9 April 2021 to 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 98
Prepayments 520
618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 834
Directors' current accounts 422,987
Accruals and deferred income 1,044
424,865

8. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.