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REGISTERED NUMBER: 09748247 (England and Wales)















Gunridge Espana Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Gunridge Espana Limited (Registered number: 09748247)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gunridge Espana Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T R Baines
M Dalgleish
E Shahmoon
D L Sheehan
A Banks





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





BUSINESS ADDRESS: 10 Albemarle Street
London
W1S 4HH





REGISTERED NUMBER: 09748247 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Gunridge Espana Limited (Registered number: 09748247)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,202 3,291

CURRENT ASSETS
Debtors 5 5,306,481 5,433,515
Cash at bank 290 22,502
5,306,771 5,456,017
CREDITORS
Amounts falling due within one year 6 5,283,353 7,552,854
NET CURRENT ASSETS/(LIABILITIES) 23,418 (2,096,837 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,620

(2,093,546

)

CAPITAL AND RESERVES
Called up share capital 200 100
Share premium 2,093,446 -
Retained earnings (2,067,026 ) (2,093,646 )
SHAREHOLDERS' FUNDS 26,620 (2,093,546 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





T R Baines - Director


Gunridge Espana Limited (Registered number: 09748247)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Gunridge Espana 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.

Investments in subsidiaries
Investments are stated at cost less accumulated impairment losses.

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.

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.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. At the end of the accounting period assets and liabilities denominated in foreign currencies are recalculated at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the profit/loss for the period.

Going concern
The directors confirm that they are satisfied that the company has adequate resources to continue in business for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Gunridge Espana Limited (Registered number: 09748247)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 3,291
Exchange differences (89 )
At 30 April 2024 3,202
NET BOOK VALUE
At 30 April 2024 3,202
At 30 April 2023 3,291

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 5,306,481 5,433,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 5,283,353 7,552,854

During the year the company entered into a debt equity swap arrangement with its creditors whereby new shares were issued in consideration for the release of debt totalling £2,094,546 which has been credited to share capital and share premium in accordance with s322 CTA 2009.