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REGISTERED NUMBER: 05906990 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

G G TRADING LIMITED

G G TRADING LIMITED (REGISTERED NUMBER: 05906990)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G G TRADING LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mrs G K Gill
Mr A S Gill





REGISTERED OFFICE: Lawnswood
Haye Lane
Mappleborough Green
Studley
Warwickshire
B80 7BX





REGISTERED NUMBER: 05906990 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

G G TRADING LIMITED (REGISTERED NUMBER: 05906990)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,222 763,152
Investment property 6 802,276 -
817,498 763,152

CURRENT ASSETS
Debtors 7 4,641 4,545
Cash at bank 172,077 179,144
176,718 183,689
CREDITORS
Amounts falling due within one year 8 38,485 232,692
NET CURRENT ASSETS/(LIABILITIES) 138,233 (49,003 )
TOTAL ASSETS LESS CURRENT LIABILITIES 955,731 714,149

CREDITORS
Amounts falling due after more than one
year

9

(162,520

)

-

PROVISIONS FOR LIABILITIES 11 (1,696 ) (2,426 )
NET ASSETS 791,515 711,723

CAPITAL AND RESERVES
Called up share capital 12 98 2
Revaluation Reserve 57,628 -
Retained earnings 733,789 711,721
SHAREHOLDERS' FUNDS 791,515 711,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

G G TRADING LIMITED (REGISTERED NUMBER: 05906990)

Balance Sheet - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd October 2024 and were signed on its behalf by:





Mr A S Gill - Director


G G TRADING LIMITED (REGISTERED NUMBER: 05906990)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

G G Trading 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 as modified by the revaluation of certain assets.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

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.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

G G TRADING LIMITED (REGISTERED NUMBER: 05906990)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 31,030
AMORTISATION
At 1st April 2023
and 31st March 2024 31,030
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st April 2023 744,648 - 18,099
Additions - 15,345 -
Disposals - - -
Reclassification/transfer (744,648 ) - -
At 31st March 2024 - 15,345 18,099
DEPRECIATION
At 1st April 2023 - - 16,530
Charge for year - 1,535 157
Eliminated on disposal - - -
At 31st March 2024 - 1,535 16,687
NET BOOK VALUE
At 31st March 2024 - 13,810 1,412
At 31st March 2023 744,648 - 1,569

G G TRADING LIMITED (REGISTERED NUMBER: 05906990)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 36,716 799 800,262
Additions - - 15,345
Disposals (36,716 ) - (36,716 )
Reclassification/transfer - - (744,648 )
At 31st March 2024 - 799 34,243
DEPRECIATION
At 1st April 2023 19,936 644 37,110
Charge for year 4,195 155 6,042
Eliminated on disposal (24,131 ) - (24,131 )
At 31st March 2024 - 799 19,021
NET BOOK VALUE
At 31st March 2024 - - 15,222
At 31st March 2023 16,780 155 763,152

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 57,628
Reclassification/transfer 744,648
At 31st March 2024 802,276
NET BOOK VALUE
At 31st March 2024 802,276

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 57,628
Cost 744,648
802,276

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,641 4,545

G G TRADING LIMITED (REGISTERED NUMBER: 05906990)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 10) - 162,520
Tax 5,231 5,278
Directors' loan accounts 31,664 63,622
Accrued expenses 1,590 1,272
38,485 232,692

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans (see note 10) 162,520 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 162,520 -

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans - 162,520

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 162,520 -

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,696 2,426

Deferred
tax
£   
Balance at 1st April 2023 2,426
Credit to Statement of Income and Retained Earnings during year (730 )
Balance at 31st March 2024 1,696

G G TRADING LIMITED (REGISTERED NUMBER: 05906990)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 Ordinary A £1 25 2
25 Ordinary B £1 25 -
48 Ordinary C & D £1 48 -
98 2

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors who own equally the issued share capital.