0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06996146 2023-01-01 2023-12-31 06996146 2023-12-31 06996146 2022-12-31 06996146 2022-01-01 2022-12-31 06996146 2022-12-31 06996146 2021-12-31 06996146 bus:Director1 2023-01-01 2023-12-31 06996146 core:WithinOneYear 2023-12-31 06996146 core:WithinOneYear 2022-12-31 06996146 core:ShareCapital 2023-12-31 06996146 core:ShareCapital 2022-12-31 06996146 core:RetainedEarningsAccumulatedLosses 2023-12-31 06996146 core:RetainedEarningsAccumulatedLosses 2022-12-31 06996146 bus:SmallEntities 2023-01-01 2023-12-31 06996146 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06996146 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06996146 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06996146 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 06996146
Gandara Limited
Filleted Unaudited Financial Statements
31 December 2023
Gandara Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current assets
Debtors
4
177,096
196,113
Cash at bank and in hand
27
48
---------
---------
177,123
196,161
Creditors: amounts falling due within one year
5
2,272
2,461
---------
---------
Net current assets
174,851
193,700
---------
---------
Total assets less current liabilities
174,851
193,700
---------
---------
Net assets
174,851
193,700
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
174,751
193,600
---------
---------
Shareholders funds
174,851
193,700
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
Mr G Pelly
Director
Company registration number: 06996146
Gandara Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Leaman Mattei, Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment income
Investment income includes dividends and interest. Dividends receivable are recognised in the period in which the dividends are declared and approved. Interest income is recognised on an accruals basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Debtors
2023
2022
£
£
Other debtors
177,096
196,113
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
2,272
2,461
-------
-------
6. Director's advances, credits and guarantees
Included in other creditors are loans due to the director of £544 (2022: £733). The loan is provided interest free and is repayable on demand.
7. Related party transactions
The company was under the control of Mr G Pelly during the current and previous periods. Included in the other debtors is an amount of £172,886 (2022: £191,903) due from GPEF Limited in which Mr G Pelley is a director and shareholder. The loan is provided interest free and is repayable on demand.