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Company Registration No. 07932607 (England and Wales)
GHF Management Ltd Unaudited accounts for the year ended 29 February 2024
GHF Management Ltd Unaudited accounts Contents
Page
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GHF Management Ltd Company Information for the year ended 29 February 2024
Director
Mr G Georgiou
Company Number
07932607 (England and Wales)
Registered Office
7 Chiswick Terrace Chiswick London W4 5LY
Accountants
Lucent Accounting 4 Dorset Way Uxbridge UB10 0JR
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GHF Management Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
1,420 
2,880 
Debtors
2,837 
2,762 
Cash at bank and in hand
(8,854)
(3,338)
(4,597)
2,304 
Creditors: amounts falling due within one year
(27,774)
(25,805)
Net current liabilities
(32,371)
(23,501)
Net liabilities
(32,371)
(23,501)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
10,000 
10,000 
Profit and loss account
(42,372)
(33,502)
Shareholders' funds
(32,371)
(23,501)
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr G Georgiou Director Company Registration No. 07932607
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GHF Management Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
GHF Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 07932607. The registered office is 7, Chiswick Terrace, Chiswick, London, W4 5LY.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
Over 5 years
Computer equipment
Over 4 years straight line method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill Over 10 years
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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GHF Management Ltd Notes to the Accounts for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
30,000 
At 29 February 2024
30,000 
Amortisation
At 1 March 2023
30,000 
At 29 February 2024
30,000 
Net book value
At 29 February 2024
- 
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
1,382 
26,009 
27,391 
At 29 February 2024
1,382 
26,009 
27,391 
Depreciation
At 1 March 2023
1,382 
26,009 
27,391 
At 29 February 2024
1,382 
26,009 
27,391 
Net book value
At 29 February 2024
- 
- 
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,837 
2,762 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
16,764 
16,765 
Loans from directors
6,508 
8,167 
Accruals
4,502 
873 
27,774 
25,805 
8
Loans to directors
During the year, company owed £6,508 to the director of the company.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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