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REGISTERED NUMBER: 14315780 (England and Wales)














Report of the Director and

Unaudited Financial Statements

for the Period

24 August 2022 to 31 December 2023

for

G 3 Ventures Ltd

G 3 Ventures Ltd (Registered number: 14315780)






Contents of the Financial Statements
for the Period 24 August 2022 to 31 December 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


G 3 Ventures Ltd

Company Information
for the Period 24 August 2022 to 31 December 2023







DIRECTOR: A Almagor





SECRETARY:





REGISTERED OFFICE: 11 - 13 Lower Grosvenor Place
London
United Kingdom
SW1W 0EX





REGISTERED NUMBER: 14315780 (England and Wales)






G 3 Ventures Ltd (Registered number: 14315780)

Report of the Director
for the Period 24 August 2022 to 31 December 2023

The director presents his report with the financial statements of the company for the period 24 August 2022 to 31 December 2023.

INCORPORATION
The company was incorporated on 24 August 2022 .

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of international business development consultancy

DIRECTORS
The directors who have held office during the period from 24 August 2022 to the date of this report are as follows:

A Almagor - appointed 28 November 2023
A R Lamb - appointed 24 August 2022 - resigned 29 November 2023

The director who is eligible offers himself for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Almagor - Director


22 August 2024

G 3 Ventures Ltd (Registered number: 14315780)

Income Statement
for the Period 24 August 2022 to 31 December 2023

£   

TURNOVER 302,909

Administrative expenses 364,528
OPERATING LOSS and
LOSS BEFORE TAXATION (61,619 )

Tax on loss -
LOSS FOR THE FINANCIAL PERIOD (61,619 )

G 3 Ventures Ltd (Registered number: 14315780)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Investments 4 5,722

CURRENT ASSETS
Debtors 5 456,339
Prepayments and accrued income 1,386
Cash at bank 21,268
478,993
CREDITORS
Amounts falling due within one year 6 427,442
NET CURRENT ASSETS 51,551
TOTAL ASSETS LESS CURRENT LIABILITIES 57,273

CREDITORS
Amounts falling due after more than one year 7 117,892
NET LIABILITIES (60,619 )

CAPITAL AND RESERVES
Called up share capital 1,000
Retained earnings (61,619 )
(60,619 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





A Almagor - Director


G 3 Ventures Ltd (Registered number: 14315780)

Notes to the Financial Statements
for the Period 24 August 2022 to 31 December 2023

1. STATUTORY INFORMATION

G 3 Ventures Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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 NIL.

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 24 August 2022
and 31 December 2023 5,722
NET BOOK VALUE
At 31 December 2023 5,722
At 23 August 2022 5,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 361,760
Amounts recoverable on contract 38,473
Other debtors 56,106
456,339

G 3 Ventures Ltd (Registered number: 14315780)

Notes to the Financial Statements - continued
for the Period 24 August 2022 to 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 364,767
Other creditors 62,675
427,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 117,892