REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2022 to 31 December 2023 |
for |
GLT Ventures Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2022 to 31 December 2023 |
for |
GLT Ventures Limited |
GLT Ventures Limited (Registered number: 12075071) |
Contents of the Financial Statements |
for the Period 1 July 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GLT Ventures Limited |
Company Information |
for the Period 1 July 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 5 Corum 2 |
Corum Office Park |
Crown Way |
Warmley |
Bristol |
BS30 8FJ |
GLT Ventures Limited (Registered number: 12075071) |
Balance Sheet |
31 December 2023 |
31.12.23 | 30.6.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
GLT Ventures Limited (Registered number: 12075071) |
Balance Sheet - continued |
31 December 2023 |
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. |
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 |
GLT Ventures Limited (Registered number: 12075071) |
Notes to the Financial Statements |
for the Period 1 July 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
GLT Ventures Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There have been no material departures from the Financial Reporting Standard 102 1A. |
Tangible fixed assets |
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. |
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 reducing balance |
Computer equipment | - 25% on reducing balance |
Taxation |
Taxation for the period 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. |
GLT Ventures Limited (Registered number: 12075071) |
Notes to the Financial Statements - continued |
for the Period 1 July 2022 to 31 December 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 period 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 period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2022 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 30 June 2022 |
GLT Ventures Limited (Registered number: 12075071) |
Notes to the Financial Statements - continued |
for the Period 1 July 2022 to 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.6.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.6.22 |
£ | £ |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
Loans from related party |
Key management |
Total |
2023 | £ | £ |
At start of period | 23,896 | 23,896 |
Advanced | 56,736 | 56,736 |
Repaid | (80,632 | ) | (80,632 | ) |
At end of period | - | - |
Key management |
Total |
2022 | £ | £ |
At start of period | 48,304 | 48,304 |
Advanced | 118,744 | 118,744 |
Repaid | (143,152 | ) | (143,152 | ) |
At end of period | 23,896 | 23,896 |
Loans from key management are interest free and repayable on demand. |
GLT Ventures Limited (Registered number: 12075071) |
Notes to the Financial Statements - continued |
for the Period 1 July 2022 to 31 December 2023 |
7. | RELATED PARTY DISCLOSURES - continued |
Loans to related party |
Key management |
Total |
2023 | £ | £ |
At start of period | - | - |
Advanced | 2,334 | 2,334 |
Repaid | - | - |
At end of period | 2,334 | 2,334 |
Key management |
Total |
2022 | £ | £ |
At start of period | - | - |
Advanced | - | - |
Repaid | - | - |
At end of period | - | - |
Loans to key management are interest free and repayable on demand. |