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REGISTERED NUMBER: 12193849 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GG-320-420 Limited

GG-320-420 Limited (Registered number: 12193849)






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-320-420 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Jo Ean Ho
Benson Saw





SECRETARY: GetGround Secretary Limited





REGISTERED OFFICE: 1 Lyric Square
London
W6 0NB





REGISTERED NUMBER: 12193849 (England and Wales)






GG-320-420 Limited (Registered number: 12193849)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,528 3,056
Investment property 5 305,000 287,500
306,528 290,556

CURRENT ASSETS
Debtors 6 449 59
Cash at bank 15,681 12,088
16,130 12,147
CREDITORS
Amounts falling due within one year 7 238,485 238,834
NET CURRENT LIABILITIES (222,355 ) (226,687 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,173

63,869

PROVISIONS FOR LIABILITIES 14,656 11,621
NET ASSETS 69,517 52,248

GG-320-420 Limited (Registered number: 12193849)

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 8 61,242 47,067
Retained earnings 8,175 5,081
69,517 52,248

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 6 September 2024 and were signed on its behalf by:




Benson Saw - Director



Jo Ean Ho - Director


GG-320-420 Limited (Registered number: 12193849)

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

1. STATUTORY INFORMATION

GG-320-420 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

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-320-420 Limited (Registered number: 12193849)

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
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 6,113
DEPRECIATION
At 1 January 2023 3,057
Charge for year 1,528
At 31 December 2023 4,585
NET BOOK VALUE
At 31 December 2023 1,528
At 31 December 2022 3,056

GG-320-420 Limited (Registered number: 12193849)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 287,500
Revaluations 17,500
At 31 December 2023 305,000
NET BOOK VALUE
At 31 December 2023 305,000
At 31 December 2022 287,500

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 58,108
Valuation in 2023 17,500
Cost 229,392
305,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 449 -
Prepayments - 59
449 59

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 1,016 752
Directors' current accounts 237,469 237,469
Accruals and deferred income - 613
238,485 238,834

GG-320-420 Limited (Registered number: 12193849)

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

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 47,067
Revaluation in year 17,500
Reserve transfer (3,325 )

At 31 December 2023 61,242

9. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.