IRIS Accounts Production v22.2.0.402 13400657 director 16.5.21 31.12.21 31.12.21 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure134006572021-05-15134006572021-12-31134006572021-05-162021-12-31134006572021-05-1513400657ns16:EnglandWales2021-05-162021-12-3113400657ns15:PoundSterling2021-05-162021-12-3113400657ns11:Director12021-05-162021-12-3113400657ns11:PrivateLimitedCompanyLtd2021-05-162021-12-3113400657ns11:SmallEntities2021-05-162021-12-3113400657ns11:AuditExempt-NoAccountantsReport2021-05-162021-12-3113400657ns11:SmallCompaniesRegimeForDirectorsReport2021-05-162021-12-3113400657ns11:SmallCompaniesRegimeForAccounts2021-05-162021-12-3113400657ns11:FullAccounts2021-05-162021-12-3113400657ns11:CompanySecretary12021-05-162021-12-3113400657ns11:RegisteredOffice2021-05-162021-12-3113400657ns6:CurrentFinancialInstruments2021-12-3113400657ns6:Non-currentFinancialInstruments2021-12-3113400657ns6:ShareCapital2021-12-3113400657ns6:RetainedEarningsAccumulatedLosses2021-12-3113400657ns6:FurnitureFittings2021-05-162021-12-3113400657ns6:FurnitureFittings2021-12-3113400657ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3113400657ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-12-31
REGISTERED NUMBER: 13400657 (England and Wales)















Unaudited Financial Statements

for the Period 16 May 2021 to 31 December 2021

for

GG-009-605 Limited

GG-009-605 Limited (Registered number: 13400657)






Contents of the Financial Statements
for the Period 16 May 2021 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GG-009-605 Limited

Company Information
for the Period 16 May 2021 to 31 December 2021







DIRECTOR: Hai Ying Sarah Tang





SECRETARY: Getground Secretary





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 13400657 (England and Wales)






GG-009-605 Limited (Registered number: 13400657)

Balance Sheet
31 December 2021

Notes £    £   
FIXED ASSETS
Tangible assets 4 7,638
Investment property 5 1,417,340
1,424,978

CURRENT ASSETS
Debtors 6 8,972
Cash at bank 41,310
50,282
CREDITORS
Amounts falling due within one year 7 855,474
NET CURRENT LIABILITIES (805,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,786

CREDITORS
Amounts falling due after more than
one year

8

(635,000

)

PROVISIONS FOR LIABILITIES (1,451 )
NET LIABILITIES (16,665 )

GG-009-605 Limited (Registered number: 13400657)

Balance Sheet - continued
31 December 2021

Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (16,765 )
(16,665 )

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2022 and were signed by:





Hai Ying Sarah Tang - Director


GG-009-605 Limited (Registered number: 13400657)

Notes to the Financial Statements
for the Period 16 May 2021 to 31 December 2021

1. STATUTORY INFORMATION

GG-009-605 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-009-605 Limited (Registered number: 13400657)

Notes to the Financial Statements - continued
for the Period 16 May 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 8,526
At 31 December 2021 8,526
DEPRECIATION
Charge for period 888
At 31 December 2021 888
NET BOOK VALUE
At 31 December 2021 7,638

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,417,340
At 31 December 2021 1,417,340
NET BOOK VALUE
At 31 December 2021 1,417,340

GG-009-605 Limited (Registered number: 13400657)

Notes to the Financial Statements - continued
for the Period 16 May 2021 to 31 December 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 5,000
Prepayments 3,972
8,972

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Directors' current accounts 827,891
Accruals and deferred income 27,583
855,474

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans more 5 yrs non-inst 635,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 635,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Hai Ying Sarah Tang.