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Registered number: 12912764
Gaanan Limited
Unaudited Financial Statements
For the Period 1 October 2022 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12912764
31 March 2024 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 475,000 475,000
475,000 475,000
CURRENT ASSETS
Debtors 5 - 25,000
Cash at bank and in hand 9,506 5,728
9,506 30,728
Creditors: Amounts Falling Due Within One Year 6 (1,728 ) (3,228 )
NET CURRENT ASSETS (LIABILITIES) 7,778 27,500
TOTAL ASSETS LESS CURRENT LIABILITIES 482,778 502,500
Creditors: Amounts Falling Due After More Than One Year 7 (618,821 ) (590,147 )
NET LIABILITIES (136,043 ) (87,647 )
CAPITAL AND RESERVES
Called up share capital 9 10,010 10,010
Fair value reserve 10 (73,530 ) (73,530 )
Profit and Loss Account (72,523 ) (24,127 )
SHAREHOLDERS' FUNDS (136,043) (87,647)
Page 1
Page 2
For the period 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.
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
Mr C Lhert
Director
1 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gaanan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12912764 . The registered office is 85 Great Portland Street, London, W1W 7LT.
The presentation currency of the financial statements is the Pound Sterling (£).
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2022: 2)
2 2
4. Investment Property
31 March 2024
£
Fair Value
As at 1 October 2022 and 31 March 2024 475,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 March 2024 30 September 2022
£ £
Cost 548,530 548,530
Investment property was valued on an open market basis on 18 May 2024 by the director.
Page 3
Page 4
5. Debtors
31 March 2024 30 September 2022
£ £
Due within one year
Other debtors - 25,000
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 September 2022
£ £
Accruals and deferred income 1,728 3,228
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 September 2022
£ £
Bank loans 311,092 311,110
Other creditors 307,729 279,037
618,821 590,147
The directors loan bears interest at 3.74% above the Bank of England base rate and is repayable on demand.
8. Secured Creditors
The bank loans are secured against Investment Property.
31 March 2024 30 September 2022
£ £
Bank loans and overdrafts 311,092 311,110
9. Share Capital
31 March 2024 30 September 2022
£ £
Allotted, Called up and fully paid 10,010 10,010
Page 4
Page 5
10. Reserves
Fair Value Reserve
£
As at 1 October 2022 (73,530 )
As at 31 March 2024 (73,530 )
Page 5