Registered number
13902308
GLUCKMARK HOLDINGS LIMITED
Filleted Accounts
31 March 2023
GLUCKMARK HOLDINGS LIMITED
Registered number: 13902308
Balance Sheet
as at 31 March 2023
Notes 2023
£
Fixed assets
Intangible assets 3 541,789
Current assets
Debtors 4 28,000
Cash at bank and in hand 30,748
58,748
Creditors: amounts falling due within one year 5 (15,407)
Net current assets 43,341
Total assets less current liabilities 585,130
Creditors: amounts falling due after more than one year 6 (570,000)
Net assets 15,130
Capital and reserves
Share premium 500
Profit and loss account 14,630
Shareholders' funds 15,130
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Cohen
Director
Approved by the board on 31 October 2023
GLUCKMARK HOLDINGS LIMITED
Notes to the Accounts
for the period from 8 February 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Intangible fixed assets £
Goodwill:
Cost
Additions 541,789
At 31 March 2023 541,789
Amortisation
At 31 March 2023 -
Net book value
At 31 March 2023 541,789
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2023
£
Corporate Loans 27,500
Other debtors 500
28,000
5 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 14,107
Other creditors 1,300
15,407
6 Creditors: amounts falling due after one year 2023
£
Trade creditors 570,000
7 Other information
GLUCKMARK HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
179 Torridon Roan
London
SE6 1RG
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