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Registered number: 07659838
D.Gee Enterprises Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07659838
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 100 100
100 100
CURRENT ASSETS
Debtors 5 84,139 48,644
Cash at bank and in hand 210 210
84,349 48,854
Creditors: Amounts Falling Due Within One Year 6 (92,044 ) (57,782 )
NET CURRENT ASSETS (LIABILITIES) (7,695 ) (8,928 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,595 ) (8,828 )
NET LIABILITIES (7,595 ) (8,828 )
CAPITAL AND RESERVES
Called up share capital 7 210 210
Profit and Loss Account (7,805 ) (9,038 )
SHAREHOLDERS' FUNDS (7,595) (8,828)
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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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Y K Hallouma
Director
26 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
D.Gee Enterprises Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07659838 . The registered office is Hoddesdon Enterprise Centre, Pindar Road, Hoddesdon, Hertfordshire, EN11 0FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Company is considered a going concern as the subsidiary is not seeking repayment of their loan in the near future. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from management charges received. Turnover is recognised in period costs are incurred.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. 
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 
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2.7. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 4)
3 4
4. Investments
Other
£
Cost
As at 1 January 2023 100
As at 31 December 2023 100
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 100
As at 1 January 2023 100
Investment consists of 100% of the issued share capital in D. Gee Limited.
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 76,987 48,644
Due after more than one year
Other debtors 7,152 -
84,139 48,644
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 66,626 44,257
Taxation and social security 25,418 13,525
92,044 57,782
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 210 210
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Yioryos Hallouma 36,421 21,191 - - 57,612
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
D. Gee Ltd
The above is a related party by virtue of common control.
During the year, the related party incurred a management charge of £83,000 (2022 : £80,000) and incurred expenses on behalf of the company.
At the balance sheet date, the related party was owed £64,592 (2022 : £42,482) by the company.
No interest was charged on this loan during the period.
Y Hallouma
The above is a related party by virtue of being the director.
During the year the related party incurred costs on behalf of the company.
At the balance sheet date the related party owed £57,612 (2022 : £36,421) to the company.
No interest was charged on this loan during the period. 
10. Ultimate Controlling Party
The ultimate controlling party is the director by virtue of his majority shareholding. 
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