Company Registration No. 02223926 (England and Wales)
Gora (U.K.) Limited
Unaudited accounts
for the year ended 31 March 2024
Gora (U.K.) Limited
Unaudited accounts
Contents
Gora (U.K.) Limited
Company Information
for the year ended 31 March 2024
Directors
D S Goraya
N K Goraya
A Goraya
Navdeep Singh Sheera
Company Number
02223926 (England and Wales)
Registered Office
126 Prince George Avenue
London
N14 4TA
Accountants
Charterwells
Suite 8, 2nd Floor
43-45 High Road
Bushey Heath
WD23 1EE
Gora (U.K.) Limited
Statement of financial position
as at 31 March 2024
Investment property
19,230,000
17,530,000
Debtors
2,656,796
5,986,905
Cash at bank and in hand
80,434
758,865
Creditors: amounts falling due within one year
(2,755,793)
(2,635,541)
Net current (liabilities)/assets
(18,563)
4,110,229
Total assets less current liabilities
19,212,104
21,641,229
Creditors: amounts falling due after more than one year
-
572
Provisions for liabilities
Deferred tax
(15,287)
(15,287)
Net assets
19,196,817
21,626,514
Called up share capital
120
120
Revaluation reserve
4,112,392
4,112,392
Profit and loss account
15,084,305
17,514,002
Shareholders' funds
19,196,817
21,626,514
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
D S Goraya
Director
Company Registration No. 02223926
Gora (U.K.) Limited
Notes to the Accounts
for the year ended 31 March 2024
Gora (U.K.) Limited is a private company, limited by shares, registered in England and Wales, registration number 02223926. The registered office is 126 Prince George Avenue, London, N14 4TA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Gora (U.K.) Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 April 2023
17,530,000
At 31 March 2024
19,230,000
Valuation completed by the directors based on their research and experience.
Amounts falling due within one year
Trade debtors
2,423,500
5,928,945
Other debtors
233,296
57,960
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
53,751
50,597
Taxes and social security
(60,445)
464,338
Other creditors
934,289
366,934
Loans from directors
1,823,798
1,753,672
8
Creditors: amounts falling due after more than one year
2024
2023
Gora (U.K.) Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120
120
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).