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REGISTERED NUMBER: SC093556 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Gondona Ltd

Gondona Ltd (Registered number: SC093556)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gondona Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: William Dolan
Mrs Edwina Dolan





SECRETARY: William Dolan





REGISTERED OFFICE: c/o McLay, McAlister & McGibbon LLP
145 St Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC093556 (Scotland)





ACCOUNTANTS: McLay, McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Gondona Ltd (Registered number: SC093556)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 365,002 365,002

CURRENT ASSETS
Cash at bank 538 2,119

CREDITORS
Amounts falling due within one year 5 (309,476 ) (312,895 )
NET CURRENT LIABILITIES (308,938 ) (310,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,064

54,226

PROVISIONS FOR LIABILITIES (5,585 ) (5,585 )
NET ASSETS 50,479 48,641

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Fair Value Reserve 6 162,493 162,493
Retained earnings (115,014 ) (116,852 )
SHAREHOLDERS' FUNDS 50,479 48,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:



William Dolan - Director


Gondona Ltd (Registered number: SC093556)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gondona Ltd is a private company, limited by shares , registered in Scotland. 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 represents net invoiced rents.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

No depreciation is provided in respect of investment property. This constitutes a departure from the statutory rules requiring fixed assets to be depreciated over their economic useful lives and is necessary to enable the financial statements to give a true and fair view.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Gondona Ltd (Registered number: SC093556)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 365,001 5,500 370,501
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 5,499 5,499
NET BOOK VALUE
At 31 March 2024 365,001 1 365,002
At 31 March 2023 365,001 1 365,002


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 2,728 3,117
Other creditors 306,748 309,778
309,476 312,895

6. RESERVES
Fair
Value
Reserve
£   
At 1 April 2023
and 31 March 2024 162,493

7. RELATED PARTY DISCLOSURES

Included in Other Creditors is £227,495 (2023: £234,357) due to the directors. There are no terms for repayment and no interest will be charged.