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REGISTERED NUMBER: 12898679 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GG-239-602 Limited

GG-239-602 Limited (Registered number: 12898679)






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-239-602 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: To Sang Max Cheng
Kam Ying Choy





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 12898679 (England and Wales)






GG-239-602 Limited (Registered number: 12898679)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,330 2,170
Investment property 5 145,000 138,000
146,330 140,170

CURRENT ASSETS
Debtors 6 924 536
Cash at bank 174 23
1,098 559
CREDITORS
Amounts falling due within one year 7 137,845 131,250
NET CURRENT LIABILITIES (136,747 ) (130,691 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,583

9,479

PROVISIONS FOR LIABILITIES 3,216 2,045
NET ASSETS 6,367 7,434

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 12,632 6,962
Retained earnings (6,365 ) 372
6,367 7,434

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.

GG-239-602 Limited (Registered number: 12898679)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:




To Sang Max Cheng - Director



Kam Ying Choy - Director


GG-239-602 Limited (Registered number: 12898679)

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

1. STATUTORY INFORMATION

GG-239-602 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.
Plant and machinery - 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-239-602 Limited (Registered number: 12898679)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 3,360
DEPRECIATION
At 1 January 2023 1,190
Charge for year 840
At 31 December 2023 2,030
NET BOOK VALUE
At 31 December 2023 1,330
At 31 December 2022 2,170

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 138,000
Revaluations 7,000
At 31 December 2023 145,000
NET BOOK VALUE
At 31 December 2023 145,000
At 31 December 2022 138,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 8,595
Valuation in 2023 7,000
Cost 129,405
145,000

GG-239-602 Limited (Registered number: 12898679)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 840 473
Prepayments 84 63
924 536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 165
Directors' current accounts 137,385 130,722
Accruals and deferred income 460 363
137,845 131,250

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 6,962
Revaluation in year 7,000
Reserve transfer (1,330 )

At 31 December 2023 12,632

9. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.