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REGISTERED NUMBER: 12998736 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

GG-680-517 Limited

GG-680-517 Limited (Registered number: 12998736)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GG-680-517 Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Suet Yung Choi





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 12998736 (England and Wales)






GG-680-517 Limited (Registered number: 12998736)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 504 860
Investment property 5 120,000 106,000
120,504 106,860

CURRENT ASSETS
Debtors 6 112 318
Cash at bank 51 86
163 404
CREDITORS
Amounts falling due within one year 7 91,157 89,100
NET CURRENT LIABILITIES (90,994 ) (88,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,510

18,164

PROVISIONS FOR LIABILITIES 5,258 2,666
NET ASSETS 24,252 15,498

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 22,009 10,669
Retained earnings 2,143 4,729
24,252 15,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

GG-680-517 Limited (Registered number: 12998736)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 27 August 2024 and were signed by:





Suet Yung Choi - Director


GG-680-517 Limited (Registered number: 12998736)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

GG-680-517 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.

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.

GG-680-517 Limited (Registered number: 12998736)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

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 December 2022
and 30 November 2023 1,424
DEPRECIATION
At 1 December 2022 564
Charge for year 356
At 30 November 2023 920
NET BOOK VALUE
At 30 November 2023 504
At 30 November 2022 860

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 106,000
Revaluations 14,000
At 30 November 2023 120,000
NET BOOK VALUE
At 30 November 2023 120,000
At 30 November 2022 106,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 13,172
Valuation in 2023 14,000
Cost 92,828
120,000

GG-680-517 Limited (Registered number: 12998736)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments and accrued income 112 318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 27 46
Tax 986 986
Directors' current accounts 89,781 88,068
Accruals and deferred income 363 -
91,157 89,100

8. RESERVES
Fair
value
reserve
£   
At 1 December 2022 10,669
Revaluation in year 14,000
Reserve transfer (2,660 )

At 30 November 2023 22,009

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Suet Yung Choi.