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REGISTERED NUMBER: 04660633 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GKL HOLDINGS LTD.

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GKL HOLDINGS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: James Andrew Brackenbury
Eamonn Michael Killoughery





SECRETARY: Susan Veronica Killoughery





REGISTERED OFFICE: Unit 2
Varity Park
Vicarage Farm Road
Peterborough
Cambridgeshire
PE1 5GU





REGISTERED NUMBER: 04660633 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 225,000 225,000
Investments 6 101 101
225,101 225,101

CURRENT ASSETS
Debtors 7 2,907,263 2,980,823
Cash at bank 4,741 16,732
2,912,004 2,997,555
CREDITORS
Amounts falling due within one year 8 262,035 724,173
NET CURRENT ASSETS 2,649,969 2,273,382
TOTAL ASSETS LESS CURRENT LIABILITIES 2,875,070 2,498,483

CREDITORS
Amounts falling due after more than
one year

9

841,686

480,927
NET ASSETS 2,033,384 2,017,556

CAPITAL AND RESERVES
Called up share capital 11 1,602 1,602
Revaluation reserve 75,000 75,000
Retained earnings 1,956,782 1,940,954
SHAREHOLDERS' FUNDS 2,033,384 2,017,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023


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 1 February 2024 and were signed on its behalf by:





James Andrew Brackenbury - Director


GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Gkl Holdings Ltd. 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Going concern
The financial statements have been prepared on a going concern basis as the Directors have confirmed that amounts due to group and related undertakings are not payable until such time as the company has sufficient funds to do so.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 September 2022
and 31 August 2023 225,000
NET BOOK VALUE
At 31 August 2023 225,000
At 31 August 2022 225,000

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2023 is represented by:

Freehold
property
£   
Valuation in 2022 225,000

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 101
NET BOOK VALUE
At 31 August 2023 101
At 31 August 2022 101

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 31,760 31,760
Other debtors 2,875,503 2,949,063
2,907,263 2,980,823

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 43,767 48,797
Trade creditors - 5,600
Taxation and social security 4,678 9,913
Other creditors 213,590 659,863
262,035 724,173

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 441,686 480,927
Other creditors 400,000 -
841,686 480,927

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 485,453 529,724

There is an unlimited omnibus guarantee and set off agreement in respect of the liabilities now or hereafter, owing or incurred from or by GKL Holdings Limited, GKL Buildings and Civil Engineering Limited, GKL Northern Limited and College Street Properties Limited.

A second bank loan is secured via first legal mortgage over property held by the company. It is also secured by debenture.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,602 Ordinary £1 1,602 1,602

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The controlling parties are Eamonn and Susan Killoughery by virtue of their ownership of the issued ordinary share capital.