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REGISTERED NUMBER: 06734973 (England and Wales)



Financial Statements for the Year Ended 31 December 2023

for

Ghost Brand Limited

Ghost Brand Limited (Registered number: 06734973)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 7


Ghost Brand Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr T Suleyman
Mr S M Suleyman





SECRETARY: Mr. S Karunyanesan





REGISTERED OFFICE: 3rd Floor
9 Hatton Street
London
NW8 8PL





REGISTERED NUMBER: 06734973 (England and Wales)





AUDITORS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Ghost Brand Limited (Registered number: 06734973)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 5 16,554 16,825
Investments 6 821 821
17,375 17,646

CURRENT ASSETS
Debtors 7 1,620,234 1,484,816
Cash at bank 5,950 9,800
1,626,184 1,494,616
CREDITORS
Amounts falling due within one year 8 (7,984 ) (2,300 )
NET CURRENT ASSETS 1,618,200 1,492,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,635,575

1,509,962

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 10 1,635,571 1,509,958
SHAREHOLDERS' FUNDS 1,635,575 1,509,962

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 27 August 2024 and were signed on its behalf by:





Mr T Suleyman - Director


Ghost Brand Limited (Registered number: 06734973)

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


1. STATUTORY INFORMATION

Ghost Brand 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover from royalties are recognised by reference to the transfer of significant risks and rewards at the balance sheet date.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life.

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.

Members of a corporation tax relief group have taken advantage of surrendering losses to others members of the group which can deduct the loss for its total profits, thus reducing the amount of corporation tax payable.

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.

Ghost Brand Limited (Registered number: 06734973)

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


2. ACCOUNTING POLICIES - continued

Going concern
As part of their assessment of going concern, the directors of the company have considered the liquidity position and funding requirements for at least 12 months from the date of approval of these financial statements. The directors consider it appropriate to prepare the financial statement on a going concern basis.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method of 0%, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. AUDITORS' REMUNERATION
31.12.23 31.12.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

2,300

2,300

Ghost Brand Limited (Registered number: 06734973)

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


5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 109,020
AMORTISATION
At 1 January 2023 92,195
Charge for year 271
At 31 December 2023 92,466
NET BOOK VALUE
At 31 December 2023 16,554
At 31 December 2022 16,825

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 821
NET BOOK VALUE
At 31 December 2023 821
At 31 December 2022 821

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ghost Retail Limited
Registered office: United Kingdom
Nature of business: Ladies clothing retail and wholesale
%
Class of shares: holding
Ordinary 100.00

Ghost USA Inc
Registered office: USA
Nature of business: Ladies clothing retail and wholesale
%
Class of shares: holding
Ordinary 100.00

Ghost Brand Limited (Registered number: 06734973)

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


7. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors - 3,189

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,620,234 1,481,627

Aggregate amounts 1,620,234 1,484,816

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 5,684 -
Other creditors 2,300 2,300
7,984 2,300

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
4 Ordinary Share £1 4 4

10. RESERVES
Retained
earnings
£   

At 1 January 2023 1,509,958
Profit for the year 125,613
At 31 December 2023 1,635,571

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Suraj Shah BFP ACA FCCA (Senior Statutory Auditor)
for and on behalf of BBK Partnership

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Ghost Brand Limited (Registered number: 06734973)

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


13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are Mr Mustafa Suleyman and Mr Touker Suleyman, directors of the company.

14. CHARGES

A fixed and floating charge over the undertaking and all property present and future has been registered in favour of Low Profile Fashions Limited.