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REGISTERED NUMBER: 06427811 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GMO INVESTMENTS LIMITED

GMO INVESTMENTS LIMITED (REGISTERED NUMBER: 06427811)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GMO INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 November 2023







DIRECTORS: G Georgiou
J Mouskis
P Onissiphorou





SECRETARY: P Onissiphorou





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 06427811 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

GMO INVESTMENTS LIMITED (REGISTERED NUMBER: 06427811)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 750,000 750,000

CURRENT ASSETS
Cash at bank 15,706 6,649

CREDITORS
Amounts falling due within one year 5 6,446 4,136
NET CURRENT ASSETS 9,260 2,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,260

752,513

CREDITORS
Amounts falling due after more than one
year

6

(502,567

)

(504,669

)

PROVISIONS FOR LIABILITIES (7,542 ) (5,732 )
NET ASSETS 249,151 242,112

CAPITAL AND RESERVES
Called up share capital 900 900
Fair value reserve 8 195,473 197,283
Retained earnings 52,778 43,929
SHAREHOLDERS' FUNDS 249,151 242,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

GMO INVESTMENTS LIMITED (REGISTERED NUMBER: 06427811)

BALANCE SHEET - continued
30 November 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 5 March 2024 and were signed on its behalf by:




J Mouskis - Director



P Onissiphorou - Director


GMO INVESTMENTS LIMITED (REGISTERED NUMBER: 06427811)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 November 2023

1. STATUTORY INFORMATION

GMO Investments 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.

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 represents net invoiced rent receivable, excluding value added tax.

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. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 750,000
NET BOOK VALUE
At 30 November 2023 750,000
At 30 November 2022 750,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2017 103,015
Valuation in 2018 100,000
Cost 546,985
750,000

GMO INVESTMENTS LIMITED (REGISTERED NUMBER: 06427811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 November 2023

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 546,985 546,985

Investment property was valued on an open market basis on 30 November 2023 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 4,446 2,136
Other creditors 2,000 2,000
6,446 4,136

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 316,942 325,376
Other creditors 185,625 179,293
502,567 504,669

7. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 316,942 325,376

8. RESERVES
Fair
value
reserve
£   
At 1 December 2022 197,283
Fair value movements net of deferred tax
trfd from retained earnings

(1,810

)


At 30 November 2023 195,473