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REGISTERED NUMBER: 07526555 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GEMPIRE LTD

GEMPIRE LTD (REGISTERED NUMBER: 07526555)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


GEMPIRE LTD (REGISTERED NUMBER: 07526555)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426 860

CURRENT ASSETS
Cash at bank 43,736 37,948

CREDITORS
Amounts falling due within one year 5 38,484 35,013
NET CURRENT ASSETS 5,252 2,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,678

3,795

PROVISIONS FOR LIABILITIES 6 81 163
NET ASSETS 5,597 3,632

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,497 3,532
SHAREHOLDERS' FUNDS 5,597 3,632

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:



Mrs G A Khan - Director


GEMPIRE LTD (REGISTERED NUMBER: 07526555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Gempire Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07526555

Registered office: 6 Winsford Road
Catford
London
SE6 4LX

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GEMPIRE LTD (REGISTERED NUMBER: 07526555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 4,481
Disposals (1,149 )
At 31 March 2024 3,332
DEPRECIATION
At 1 April 2023 3,621
Charge for year 434
Eliminated on disposal (1,149 )
At 31 March 2024 2,906
NET BOOK VALUE
At 31 March 2024 426
At 31 March 2023 860

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 8,379 4,656
Other creditors 30,105 30,357
38,484 35,013

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 81 163

Deferred
tax
£   
Balance at 1 April 2023 163
Utilised during year (82 )
Balance at 31 March 2024 81

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G A Khan.