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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
Page
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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
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Gora (U.K.) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
667 
1,000 
Investment property
19,230,000 
17,530,000 
19,230,667 
17,531,000 
Current assets
Debtors
2,656,796 
5,986,905 
Cash at bank and in hand
80,434 
758,865 
2,737,230 
6,745,770 
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 
Capital and reserves
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
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Gora (U.K.) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
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
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
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.
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Gora (U.K.) Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,333 
At 31 March 2024
1,333 
Depreciation
At 1 April 2023
333 
Charge for the year
333 
At 31 March 2024
666 
Net book value
At 31 March 2024
667 
At 31 March 2023
1,000 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
17,530,000 
Additions
1,700,000 
At 31 March 2024
19,230,000 
Valuation completed by the directors based on their research and experience.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,423,500 
5,928,945 
Other debtors
233,296 
57,960 
2,656,796 
5,986,905 
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 
Accruals
4,400 
- 
2,755,793 
2,635,541 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
(572)
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Gora (U.K.) Limited Notes to the Accounts for the year ended 31 March 2024
9
Share capital
2024 
2023 
£ 
£ 
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).
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