IRIS Accounts Production v23.4.0.336 12422581 director 1.1.22 31.12.22 31.12.22 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124225812021-12-31124225812022-12-31124225812022-01-012022-12-31124225812020-12-31124225812021-01-012021-12-31124225812021-12-3112422581ns15:EnglandWales2022-01-012022-12-3112422581ns14:PoundSterling2022-01-012022-12-3112422581ns10:Director12022-01-012022-12-3112422581ns10:PrivateLimitedCompanyLtd2022-01-012022-12-3112422581ns10:SmallEntities2022-01-012022-12-3112422581ns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3112422581ns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3112422581ns10:SmallCompaniesRegimeForAccounts2022-01-012022-12-3112422581ns10:FullAccounts2022-01-012022-12-3112422581ns10:CompanySecretary12022-01-012022-12-3112422581ns10:RegisteredOffice2022-01-012022-12-3112422581ns5:CurrentFinancialInstruments2022-12-3112422581ns5:CurrentFinancialInstruments2021-12-3112422581ns5:ShareCapital2022-12-3112422581ns5:ShareCapital2021-12-3112422581ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3112422581ns5:FurtherSpecificReserve3ComponentTotalEquity2021-12-3112422581ns5:RetainedEarningsAccumulatedLosses2022-12-3112422581ns5:RetainedEarningsAccumulatedLosses2021-12-3112422581ns5:FurnitureFittings2022-01-012022-12-3112422581ns5:FurnitureFittings2021-12-3112422581ns5:FurnitureFittings2022-12-3112422581ns5:FurnitureFittings2021-12-3112422581ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112422581ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3112422581ns5:FurtherSpecificReserve3ComponentTotalEquity2021-12-31
REGISTERED NUMBER: 12422581 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

GG-262-499 Limited

GG-262-499 Limited (Registered number: 12422581)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GG-262-499 Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Lam Li





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 12422581 (England and Wales)






GG-262-499 Limited (Registered number: 12422581)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,581 250
Investment property 5 530,000 522,000
531,581 522,250

CURRENT ASSETS
Debtors 6 1,888 67
Cash at bank 44,913 20,521
46,801 20,588
CREDITORS
Amounts falling due within one year 7 530,744 513,939
NET CURRENT LIABILITIES (483,943 ) (493,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,638

28,899

PROVISIONS FOR LIABILITIES 4,351 2,879
NET ASSETS 43,287 26,020

GG-262-499 Limited (Registered number: 12422581)

Balance Sheet - continued
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 10,597 12,069
Retained earnings 32,590 13,851
43,287 26,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 2 April 2024 and were signed by:





Lam Li - Director


GG-262-499 Limited (Registered number: 12422581)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

GG-262-499 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GG-262-499 Limited (Registered number: 12422581)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2022 334
Additions 1,600
At 31 December 2022 1,934
DEPRECIATION
At 1 January 2022 84
Charge for year 269
At 31 December 2022 353
NET BOOK VALUE
At 31 December 2022 1,581
At 31 December 2021 250

GG-262-499 Limited (Registered number: 12422581)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 522,000
Additions 8,000
At 31 December 2022 530,000
NET BOOK VALUE
At 31 December 2022 530,000
At 31 December 2021 522,000

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2020 507,100
Valuation in 2021 14,900
522,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 522,000
Additions 8,000
530,000

CLIENT SCREEN TOTAL = 522,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 489 -
Prepayments and accrued income 1,399 67
1,888 67

GG-262-499 Limited (Registered number: 12422581)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Tax 5,211 2,628
Directors' current accounts 510,908 510,627
Accruals and deferred income 14,625 684
530,744 513,939

8. RESERVES
Fair
value
reserve
£   
At 1 January 2022 12,069
Reserve Transfer (1,472 )

At 31 December 2022 10,597

9. ULTIMATE CONTROLLING PARTY

The controlling party is Lam Li.