2 September 2022 v2023.30.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP134262812022-09-022023-09-01134262812023-09-01134262812022-09-0113426281core:WithinOneYear2023-09-0113426281core:WithinOneYear2022-09-0113426281core:ShareCapital2023-09-0113426281core:ShareCapital2022-09-0113426281core:RetainedEarningsAccumulatedLosses2023-09-0113426281core:RetainedEarningsAccumulatedLosses2022-09-0113426281bus:Director12022-09-022023-09-0113426281bus:RegisteredOffice2022-09-022023-09-0113426281core:CostValuation2022-09-0213426281core:AdditionsToInvestments2023-09-0113426281core:CostValuation2023-09-011342628112022-09-022023-09-01134262812021-05-282022-09-0113426281countries:EnglandWales2022-09-022023-09-0113426281bus:AuditExemptWithAccountantsReport2022-09-022023-09-0113426281bus:PrivateLimitedCompanyLtd2022-09-022023-09-0113426281bus:SmallEntities2022-09-022023-09-0113426281bus:FullAccounts2022-09-022023-09-01
Company registration number:
13426281
GDO Investments Limited
Unaudited Filleted Financial Statements for the year ended
1 September 2023
GDO Investments Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of GDO Investments Limited
Year ended
1 September 2023
As described on the statement of financial position, the Board of Directors of
GDO Investments Limited
are responsible for the preparation of the
financial statements
for the year ended
1 September 2023
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Vale Accounting Limited
Certified Practising Accountants
41 Prince Rupert Drive
Tockwith
York
North Yorkshire
YO26 7QS
United Kingdom
Date:
27 November 2023
GDO Investments Limited
Statement of Financial Position
1 September 2023
20232022
Note££
Fixed assets    
Investments 5
174,246
 
7,580
 
Current assets    
Debtors 6
47,961
 
978,132
 
Investments 7
1,189,061
  -  
Cash at bank and in hand
40,000
 
455,000
 
1,277,022
 
1,433,132
 
Creditors: amounts falling due within one year 8
(9,529
)
(839
)
Net current assets
1,267,493
 
1,432,293
 
Total assets less current liabilities 1,441,739   1,439,873  
Capital and reserves    
Called up share capital
7,580
 
7,580
 
Profit and loss account
1,434,159
 
1,432,293
 
Shareholders funds
1,441,739
 
1,439,873
 
For the year ending
1 September 2023
, 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 their 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 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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 November 2023
, and are signed on behalf of the board by:
Mr G Dobson
Director
Company registration number:
13426281
GDO Investments Limited
Notes to the Financial Statements
Year ended
1 September 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
124 City Road
,
London
,
EC1V 2NX
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
2 September 2022
7,580
 
Additions
166,666
 
At
1 September 2023
174,246
 
Impairment  
At
2 September 2022
and
1 September 2023
-  
Carrying amount  
At
1 September 2023
174,246
 
At 1 September 2022
7,580
 

6 Debtors

20232022
££
Other debtors
47,961
 
978,132
 

7 Investments

20232022
££
Other current asset investments
1,189,061
  -  

8 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
8,629
 
538
 
Other creditors
900
 
301
 
9,529
 
839