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REGISTERED NUMBER: 12642580 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

GG-490-257 Limited

GG-490-257 Limited (Registered number: 12642580)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GG-490-257 Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Antoine Elie Abou Samra





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 12642580 (England and Wales)






GG-490-257 Limited (Registered number: 12642580)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 224 328
Investment property 5 208,000 180,000
208,224 180,328

CURRENT ASSETS
Debtors 6 7,317 11,981
Cash at bank 2,170 1,049
9,487 13,030
CREDITORS
Amounts falling due within one year 7 92,165 86,272
NET CURRENT LIABILITIES (82,678 ) (73,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,546

107,086

CREDITORS
Amounts falling due after more than
one year

8

164,215

168,221
NET LIABILITIES (38,669 ) (61,135 )

GG-490-257 Limited (Registered number: 12642580)

Balance Sheet - continued
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 (26,955 ) (49,635 )
Retained earnings (11,814 ) (11,600 )
(38,669 ) (61,135 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 26 February 2024 and were signed by:





Antoine Elie Abou Samra - Director


GG-490-257 Limited (Registered number: 12642580)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

GG-490-257 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-490-257 Limited (Registered number: 12642580)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

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 (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 414
DEPRECIATION
At 1 July 2022 86
Charge for year 104
At 30 June 2023 190
NET BOOK VALUE
At 30 June 2023 224
At 30 June 2022 328

GG-490-257 Limited (Registered number: 12642580)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 180,000
Revaluations 28,000
At 30 June 2023 208,000
NET BOOK VALUE
At 30 June 2023 208,000
At 30 June 2022 180,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2022 (61,278 )
Valuation in 2023 28,000
Cost 241,278
208,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 642 322
Deferred tax asset 6,280 11,581
Prepayments 395 78
7,317 11,981

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 23 -
Directors' current accounts 91,329 85,628
Accruals and deferred income 813 644
92,165 86,272

GG-490-257 Limited (Registered number: 12642580)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans more 5 yrs non-inst 164,215 168,221

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 164,215 168,221

9. RESERVES
Fair
value
reserve
£   
At 1 July 2022 (49,635 )
Revaluation in year 28,000
Reserve transfer (5,320 )

At 30 June 2023 (26,955 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Antoine Elie Abou Samra.