Registered number
13970616
GKSS HOLDING LIMITED
Filleted Accounts
31 March 2023
GKSS HOLDING LIMITED
Registered number: 13970616
Balance Sheet
as at 31 March 2023
Notes 2023
£
Current assets
Debtors 3 880,000
Cash at bank and in hand 2,058
882,058
Creditors: amounts falling due within one year 4 (327,811)
Net current liabilities 554,247
Total assets less current liabilities 554,247
Creditors: amounts falling due after more than one year 5 (571,410)
Net liabilities (17,163)
Capital and reserves
Called up share capital 1,000
Profit and loss account (18,163)
Shareholder's funds (17,163)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Kyung Tae Kweon
Director
Approved by the board on 19 September 2023
GKSS HOLDING LIMITED
Notes to the Accounts
for the period from 11 March 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).
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.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Debtors 2023
£
Intercompany loan 880,000
4 Creditors: amounts falling due within one year 2023
£
Other creditors 327,811
5 Creditors: amounts falling due after one year 2023
£
Other creditors 571,410
6 Related party transactions
As at the 31st March 2023, the company was owed £2,880,000 by Halos Properties Limited to GKSS Holding Limited, a company in which Mr K Kweon has an interest. This loan has been provided as per the loan agreement set out within the group. As at the 31st March 2023, the company owed £2,000,000 to GKSS Limited, a company in which Mr K Kweon has an interest. This loan has been provided as per the loan agreement set out within the group.
7 Controlling party
The company was under the control of Mr K Kweon throughout the current year.
8 Other information
GKSS HOLDING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5
Leigh Close
New Malden
Surrey
KT3 3NW
GKSS HOLDING LIMITED 13970616 false 2022-03-11 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 Kyung Tae Kweon No description of principal activity 13970616 2022-03-11 2023-03-31 13970616 bus:EntityHasNeverTraded 2022-03-11 2023-03-31 13970616 bus:PrivateLimitedCompanyLtd 2022-03-11 2023-03-31 13970616 bus:AuditExemptWithAccountantsReport 2022-03-11 2023-03-31 13970616 bus:Director40 2022-03-11 2023-03-31 13970616 2 2022-03-11 2023-03-31 13970616 countries:England 2022-03-11 2023-03-31 13970616 bus:FRS102 2022-03-11 2023-03-31 13970616 bus:FullAccounts 2022-03-11 2023-03-31 13970616 2023-03-31 13970616 core:WithinOneYear 2023-03-31 13970616 core:AfterOneYear 2023-03-31 13970616 core:ShareCapital 2023-03-31 13970616 core:RetainedEarningsAccumulatedLosses 2023-03-31 13970616 2022-03-10 iso4217:GBP xbrli:pure