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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
Page
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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
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GAMA GLOBAL ADVISORS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,808 
13,078 
Current assets
Debtors
2,838,922 
2,952,289 
Cash at bank and in hand
147,199 
275,802 
2,986,121 
3,228,091 
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 
Capital and reserves
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
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GAMA GLOBAL ADVISORS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
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.
Intangible fixed assets
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
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GAMA GLOBAL ADVISORS LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
2,925,000 
At 31 March 2023
2,925,000 
Amortisation
At 1 April 2022
2,925,000 
At 31 March 2023
2,925,000 
Net book value
At 31 March 2023
- 
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
97,984 
At 31 March 2023
97,984 
Depreciation
At 1 April 2022
84,906 
Charge for the year
3,270 
At 31 March 2023
88,176 
Net book value
At 31 March 2023
9,808 
At 31 March 2022
13,078 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
98,911 
98,911 
Amounts due from group undertakings etc.
2,738,585 
2,738,585 
Other debtors
1,426 
- 
2,838,922 
2,837,496 
Amounts falling due after more than one year
Other debtors
- 
114,793 
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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 
1,491,594 
1,547,766 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Christophe Helain
Loan 1
(3,365)
3,365 
- 
- 
(3,365)
3,365 
- 
- 
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).
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