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REGISTERED NUMBER: 13650887 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GG-107-680 Limited

GG-107-680 Limited (Registered number: 13650887)






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-107-680 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Adrian Mark Knapper





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 13650887 (England and Wales)






GG-107-680 Limited (Registered number: 13650887)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 371 -
Investment property 5 120,000 129,915
120,371 129,915

CURRENT ASSETS
Debtors 6 2,160 -
Cash at bank 6,289 2,289
8,449 2,289
CREDITORS
Amounts falling due within one year 7 35,885 35,633
NET CURRENT LIABILITIES (27,436 ) (33,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,935

96,571

CREDITORS
Amounts falling due after more than
one year

8

97,991

98,004
NET LIABILITIES (5,056 ) (1,433 )

GG-107-680 Limited (Registered number: 13650887)

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 (8,031 ) -
Retained earnings 2,875 (1,533 )
(5,056 ) (1,433 )

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 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 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 19 August 2024 and were signed by:





Adrian Mark Knapper - Director


GG-107-680 Limited (Registered number: 13650887)

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

1. STATUTORY INFORMATION

GG-107-680 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.


GG-107-680 Limited (Registered number: 13650887)

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
Plant and
machinery
£   
COST
Additions 424
At 31 December 2023 424
DEPRECIATION
Charge for year 53
At 31 December 2023 53
NET BOOK VALUE
At 31 December 2023 371

GG-107-680 Limited (Registered number: 13650887)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 129,915
Revaluations (9,915 )
At 31 December 2023 120,000
NET BOOK VALUE
At 31 December 2023 120,000
At 31 December 2022 129,915

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 (9,914 )
Cost 129,914
120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Deferred tax asset 1,884 -
Prepayments and accrued income 276 -
2,160 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 714 -
Directors' current accounts 35,171 35,171
Accruals and deferred income - 462
35,885 35,633

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yrs non-inst 97,991 98,004

GG-107-680 Limited (Registered number: 13650887)

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 97,991 98,004

9. RESERVES
Fair
value
reserve
£   
Revaluation in year (9,915 )
Reserve transfer 1,884

At 31 December 2023 (8,031 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is Adrian Mark Knapper.