Company Registration No. 08610931 (England and Wales)
GAMA GLOBAL ADVISORS LIMITED
Report and accounts
for the year ended 31 March 2023
GAMA GLOBAL ADVISORS LIMITED
Report and accounts
Contents
GAMA GLOBAL ADVISORS LIMITED
Company Information
for the year ended 31 March 2023
Director
Christophe Helain
Company Number
08610931 (England and Wales)
Registered Office
Flat 7
29-31 Earl's Court Square
London
SW5 9DB
Accountants
Ranger Accounting Limited
Fairfields
Carlton Road
South Godstone
Godstone
RH9 8LG
GAMA GLOBAL ADVISORS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
9,808
13,078
Debtors
2,838,922
2,952,289
Cash at bank and in hand
147,199
275,802
Creditors: amounts falling due within one year
(1,491,594)
(1,547,766)
Net current assets
1,494,527
1,680,325
Net assets
1,504,335
1,693,403
Called up share capital
1
1
Profit and loss account
1,504,334
1,693,402
Shareholders' funds
1,504,335
1,693,403
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2023 and were signed on its behalf by
Christophe Helain
Director
Company Registration No. 08610931
GAMA GLOBAL ADVISORS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
GAMA GLOBAL ADVISORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08610931. The registered office is Flat 7, 29-31 Earl's Court Square, London, SW5 9DB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 50 years
Plant & machinery
25% reducing balance
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
GAMA GLOBAL ADVISORS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
At 31 March 2023
2,925,000
At 31 March 2023
2,925,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
98,911
98,911
Amounts due from group undertakings etc.
2,738,585
2,738,585
Amounts falling due after more than one year
GAMA GLOBAL ADVISORS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
265,681
265,681
Amounts owed to group undertakings and other participating interests
1,075,186
1,075,186
Taxes and social security
150,727
203,534
Loans from directors
-
3,365
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Transactions with related parties
During the period, the director declared a dividend to shareholder, Magellan Securities Ltd, at £175,807.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).