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REGISTERED NUMBER: 13546771 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GG-209-557 Limited

GG-209-557 Limited (Registered number: 13546771)






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-209-557 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Rebekah Ibberson
David John Ibberson





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 13546771 (England and Wales)






GG-209-557 Limited (Registered number: 13546771)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,927 21,688
Investment property 5 230,000 175,713
244,927 197,401

CURRENT ASSETS
Debtors 6 2,696 342
Cash at bank 1,071 4,504
3,767 4,846
CREDITORS
Amounts falling due within one year 7 101,215 110,588
NET CURRENT LIABILITIES (97,448 ) (105,742 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,479

91,659

CREDITORS
Amounts falling due after more than
one year

8

(127,727

)

(127,724

)

PROVISIONS FOR LIABILITIES (13,151 ) (4,121 )
NET ASSETS/(LIABILITIES) 6,601 (40,186 )

GG-209-557 Limited (Registered number: 13546771)

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 43,972 -
Retained earnings (37,471 ) (40,286 )
6,601 (40,186 )

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 30 August 2024 and were signed on its behalf by:




Rebekah Ibberson - Director



David John Ibberson - Director


GG-209-557 Limited (Registered number: 13546771)

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

1. STATUTORY INFORMATION

GG-209-557 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
Fixtures and fittings - 25% on cost
Computer equipment - 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-209-557 Limited (Registered number: 13546771)

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
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 14,842 11,954 249 27,045
DEPRECIATION
At 1 January 2023 3,147 2,168 42 5,357
Charge for year 3,711 2,988 62 6,761
At 31 December 2023 6,858 5,156 104 12,118
NET BOOK VALUE
At 31 December 2023 7,984 6,798 145 14,927
At 31 December 2022 11,695 9,786 207 21,688

GG-209-557 Limited (Registered number: 13546771)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 175,713
Revaluations 54,287
At 31 December 2023 230,000
NET BOOK VALUE
At 31 December 2023 230,000
At 31 December 2022 175,713

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 54,287
Cost 175,713
230,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,439 -
Prepayments and accrued income 257 342
2,696 342

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Directors' current accounts 101,215 110,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yrs non-inst 127,727 127,724

GG-209-557 Limited (Registered number: 13546771)

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 127,727 127,724

9. RESERVES
Fair
value
reserve
£   
Revaluation in year 54,287
Reserve transfer (10,315 )

At 31 December 2023 43,972

10. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.