IRIS Accounts Production v23.3.0.418 13030950 Board of Directors Board of Directors 1.1.22 31.12.22 31.12.22 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130309502021-12-31130309502022-12-31130309502022-01-012022-12-31130309502020-11-18130309502020-11-192021-12-31130309502021-12-3113030950ns10:Originalns15:EnglandWales2022-01-012022-12-3113030950ns14:PoundSterlingns10:Original2022-01-012022-12-3113030950ns10:Originalns10:Director12022-01-012022-12-3113030950ns10:Original2022-01-012022-12-3113030950ns10:Originalns10:Director22022-01-012022-12-3113030950ns10:Original2022-12-3113030950ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3113030950ns10:Originalns10:SmallEntities2022-01-012022-12-3113030950ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3113030950ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3113030950ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3113030950ns10:Originalns10:FullAccounts2022-01-012022-12-3113030950ns10:Original2020-11-192021-12-3113030950ns10:CompanySecretary1ns10:Original2022-01-012022-12-3113030950ns10:Originalns10:RegisteredOffice2022-01-012022-12-3113030950ns10:Original2021-12-3113030950ns10:Originalns5:CurrentFinancialInstruments2022-12-3113030950ns10:Originalns5:CurrentFinancialInstruments2021-12-3113030950ns5:ShareCapitalns10:Original2022-12-3113030950ns5:ShareCapitalns10:Original2021-12-3113030950ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3113030950ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2021-12-3113030950ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3113030950ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3113030950ns10:Originalns5:FurnitureFittings2022-01-012022-12-3113030950ns10:Originalns5:FurnitureFittings2021-12-3113030950ns10:Originalns5:FurnitureFittings2022-12-3113030950ns10:Originalns5:FurnitureFittings2021-12-3113030950ns10:Original2021-12-3113030950ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3113030950ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3113030950ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-01-012022-12-31
REGISTERED NUMBER: 13030950 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

GG-725-012 Limited

GG-725-012 Limited (Registered number: 13030950)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GG-725-012 Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Lee Leung Frankl Au Yeung
Hau Yin Sit





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 13030950 (England and Wales)






GG-725-012 Limited (Registered number: 13030950)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 293 402
Investment property 5 850,000 779,078
850,293 779,480

CURRENT ASSETS
Debtors 6 19,989 17,450
Cash at bank 8,160 5,499
28,149 22,949
CREDITORS
Amounts falling due within one year 7 806,881 806,726
NET CURRENT LIABILITIES (778,732 ) (783,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,561

(4,297

)

PROVISIONS FOR LIABILITIES 13,531 76
NET ASSETS/(LIABILITIES) 58,030 (4,373 )

GG-725-012 Limited (Registered number: 13030950)

Balance Sheet - continued
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 57,447 -
Retained earnings 483 (4,473 )
58,030 (4,373 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 5 October 2023 and were signed on its behalf by:




Lee Leung Frankl Au Yeung - Director



Hau Yin Sit - Director


GG-725-012 Limited (Registered number: 13030950)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

GG-725-012 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 as modified by the revaluation of certain assets.

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 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.


GG-725-012 Limited (Registered number: 13030950)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

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 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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2022
and 31 December 2022 439
DEPRECIATION
At 1 January 2022 37
Charge for year 109
At 31 December 2022 146
NET BOOK VALUE
At 31 December 2022 293
At 31 December 2021 402

GG-725-012 Limited (Registered number: 13030950)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 779,078
Revaluations 70,922
At 31 December 2022 850,000
NET BOOK VALUE
At 31 December 2022 850,000
At 31 December 2021 779,078

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2022 70,922
Cost 779,078
850,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 726 -
Other debtors 16,194 16,969
Prepayments and accrued income 3,069 481
19,989 17,450

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Tax 168 -
Directors' current accounts 806,682 806,502
Accruals and deferred income 31 224
806,881 806,726

GG-725-012 Limited (Registered number: 13030950)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. RESERVES
Fair
value
reserve
£   
Revaluation in a year 70,922
Reserve Transfer (13,475 )

At 31 December 2022 57,447

9. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party