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REGISTERED NUMBER: 13650952 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GG-755-561 Limited

GG-755-561 Limited (Registered number: 13650952)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GG-755-561 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Michael Stephen Marriott
Sarah Kate Marriott





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 13650952 (England and Wales)






GG-755-561 Limited (Registered number: 13650952)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 459 617
Investment property 5 247,500 266,381
247,959 266,998

CURRENT ASSETS
Debtors 6 3,614 26
Cash at bank 3,461 2,044
7,075 2,070
CREDITORS
Amounts falling due within one year 7 78,012 78,113
NET CURRENT LIABILITIES (70,937 ) (76,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,022

190,955

CREDITORS
Amounts falling due after more than
one year

8

199,969

199,997
NET LIABILITIES (22,947 ) (9,042 )

GG-755-561 Limited (Registered number: 13650952)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 (15,294 ) -
Retained earnings (7,753 ) (9,142 )
(22,947 ) (9,042 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 4 August 2024 and were signed on its behalf by:




Michael Stephen Marriott - Director



Sarah Kate Marriott - Director


GG-755-561 Limited (Registered number: 13650952)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

GG-755-561 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-755-561 Limited (Registered number: 13650952)

Notes to the Financial Statements - continued
for the Year Ended 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 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 January 2023
and 31 December 2023 630
DEPRECIATION
At 1 January 2023 13
Charge for year 158
At 31 December 2023 171
NET BOOK VALUE
At 31 December 2023 459
At 31 December 2022 617

GG-755-561 Limited (Registered number: 13650952)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 266,381
Revaluations (18,881 )
At 31 December 2023 247,500
NET BOOK VALUE
At 31 December 2023 247,500
At 31 December 2022 266,381

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 (18,880 )
Cost 266,380
247,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Deferred tax asset 3,587 -
Prepayments and accrued income 27 26
3,614 26

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Directors' current accounts 77,741 77,853
Accruals and deferred income 271 260
78,012 78,113

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yrs non-inst 199,969 199,997

GG-755-561 Limited (Registered number: 13650952)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 199,969 199,997

9. RESERVES
Fair
value
reserve
£   
Revaluation in year (18,881 )
Reserve Transfer 3,587

At 31 December 2023 (15,294 )

10. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.