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COMPANY REGISTRATION NUMBER: 08399792
56QG LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2022
56QG LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
Contents
Page
Officers and professional advisers
1
Statement of financial position and the notes to the financial statements
2
56QG LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
Director
Mr S L Walton
Registered office
Ground Floor Flat
56 Queens Gate
London
England
SW7 5JW
Accountants
Streets LLP
Chartered accountants
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN1 1XW
Bankers
HSBC Bank Plc
221 High Street
Lincoln
Lincolnshire
LN1 1TS
56QG LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2022
2022
2021
£
£
£
Fixed assets
-
138,098
-----
-----------
Current assets
506,231
450,245
Prepayments and accrued income
82,576
73,224
-----------
-----------
588,807
523,469
Creditors: amounts falling due within one year
73
1,377,165
-----------
--------------
Net current assets/(liabilities)
588,734
( 853,696)
-----------
-----------
Total assets less current liabilities
588,734
( 715,598)
Creditors: amounts falling due after more than one year
-
3,200,454
Accruals and deferred income
2,900
3,175
-----------
--------------
585,834
(3,919,227)
-----------
--------------
Capital and reserves
585,834
( 3,919,227)
-----------
--------------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
2. Related party transactions
At the beginning of the year the company had a loan outstanding to Mr S L Walton totalling £1,377,089. During the year £247,968 was offset against amounts owing to 56QG Limited from Game Composites LLC, a company in the control of Mr S L Walton . The remaining loan balance of £1,129,121 was formally waived during the year, leaving amounts outstanding of nil at the year end. At the beginning of the year the company had a loan outstanding to Game Aerospace Holdings Limited, the parent company, totalling £3,200,454. During the year, this loan balance was formally waived, leaving amounts outstanding of nil at the year end.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 26 September 2023 , and are signed on behalf of the board by:
Mr S L Walton
Director
Company registration number: 08399792
The company is a private company limited by shares, registered in England and Wales.