1 January 2023 false No description of principal activity Taxfiler 2024.5 SC718507business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC7185072022-12-31 SC7185072023-01-012023-12-31 SC718507business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC718507business:FilletedAccounts2023-01-012023-12-31 SC7185072023-12-31 SC718507business:Director12023-01-012023-12-31 SC718507business:RegisteredOffice2023-01-012023-12-31 SC7185072022-12-31 SC718507core:WithinOneYear2023-12-31 SC718507core:WithinOneYear2022-12-31 SC718507core:AfterOneYear2023-12-31 SC718507core:AfterOneYear2022-12-31 SC718507core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 SC718507core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 SC718507core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC718507core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC718507core:PreviouslyStatedAmount2023-12-31 SC718507core:PreviouslyStatedAmount2022-12-31 SC718507business:SmallEntities2023-01-012023-12-31 SC718507countries:Scotland2023-01-012023-12-31 SC7185072022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC718507 (Scotland)
GARMAAK HOLDINGS LIMITED Unaudited accounts for the year ended 31 December 2023
GARMAAK HOLDINGS LIMITED Unaudited accounts Contents
Page
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GARMAAK HOLDINGS LIMITED Company Information for the year ended 31 December 2023
Director
Ganiu Adedamola IBIDUNNI
Company Number
SC718507 (Scotland)
Registered Office
19 KINLOCH PARK DUNDEE DD2 1EF SCOTLAND
Accountants
MACGLORY CONSULT 61 Fuller Way Andover Hampshire SP11 6UJ
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GARMAAK HOLDINGS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
115,762 
115,762 
Current assets
Debtors
80 
823 
Cash at bank and in hand
7,149 
3,778 
7,229 
4,601 
Creditors: amounts falling due within one year
(665)
(873)
Net current assets
6,564 
3,728 
Total assets less current liabilities
122,326 
119,490 
Creditors: amounts falling due after more than one year
(115,762)
(115,762)
Net assets
6,564 
3,728 
Capital and reserves
Share premium
3 
3 
Profit and loss account
6,561 
3,725 
Shareholders' funds
6,564 
3,728 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
Ganiu Adedamola IBIDUNNI Director Company Registration No. SC718507
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GARMAAK HOLDINGS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
GARMAAK HOLDINGS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC718507. The registered office is 19 KINLOCH PARK, DUNDEE, DD2 1EF, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
115,762 
At 31 December 2023
115,762 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
80 
823 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
665 
873 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
82,500 
82,500 
Loans from directors
33,262 
33,262 
115,762 
115,762 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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