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REGISTERED NUMBER: 13277417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GG-180-011 Limited

GG-180-011 Limited (Registered number: 13277417)






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-180-011 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Guy Richard Buxton
Michelle Wai Yee Buxton





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 13277417 (England and Wales)






GG-180-011 Limited (Registered number: 13277417)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,440 847
Investment property 5 199,999 198,000
210,439 198,847

CURRENT ASSETS
Debtors 6 4,227 4,582
Cash at bank 92 37
4,319 4,619
CREDITORS
Amounts falling due within one year 7 99,615 88,366
NET CURRENT LIABILITIES (95,296 ) (83,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,143

115,100

CREDITORS
Amounts falling due after more than
one year

8

136,984

136,978
NET LIABILITIES (21,841 ) (21,878 )

GG-180-011 Limited (Registered number: 13277417)

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 (17,846 ) (19,465 )
Retained earnings (4,095 ) (2,513 )
(21,841 ) (21,878 )

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 July 2024 and were signed on its behalf by:




Guy Richard Buxton - Director



Michelle Wai Yee Buxton - Director


GG-180-011 Limited (Registered number: 13277417)

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

1. STATUTORY INFORMATION

GG-180-011 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.
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-180-011 Limited (Registered number: 13277417)

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 - 504 479 983
Additions 11,544 345 - 11,889
At 31 December 2023 11,544 849 479 12,872
DEPRECIATION
At 1 January 2023 - 126 10 136
Charge for year 2,040 136 120 2,296
At 31 December 2023 2,040 262 130 2,432
NET BOOK VALUE
At 31 December 2023 9,504 587 349 10,440
At 31 December 2022 - 378 469 847

GG-180-011 Limited (Registered number: 13277417)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 198,000
Revaluations 1,999
At 31 December 2023 199,999
NET BOOK VALUE
At 31 December 2023 199,999
At 31 December 2022 198,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 (24,031 )
Valuation in 2023 1,999
Cost 222,031
199,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 107 105
Deferred tax asset 4,120 4,477
4,227 4,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Directors' current accounts 99,615 88,366

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yr by instal 136,984 136,978

GG-180-011 Limited (Registered number: 13277417)

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 by instalments
Bank loans more 5 yr by instal 136,984 136,978

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 (19,465 )
Revaluation in year 1,999
Reserve transfer (380 )

At 31 December 2023 (17,846 )

10. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.