1 March 2023 false No description of principal activity Taxfiler 2024.6 13917990business:PrivateLimitedCompanyLtd2023-03-012024-02-29 139179902023-02-28 139179902023-03-012024-02-29 13917990business:AuditExemptWithAccountantsReport2023-03-012024-02-29 13917990business:FilletedAccounts2023-03-012024-02-29 139179902024-02-29 13917990business:Director12023-03-012024-02-29 13917990business:RegisteredOffice2023-03-012024-02-29 139179902023-02-28 13917990core:WithinOneYear2024-02-29 13917990core:WithinOneYear2023-02-28 13917990core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13917990core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13917990core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13917990core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13917990core:PreviouslyStatedAmount2024-02-29 13917990core:PreviouslyStatedAmount2023-02-28 13917990business:SmallEntities2023-03-012024-02-29 13917990countries:EnglandWales2023-03-012024-02-29 139179902022-02-152023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13917990 (England and Wales)
GC12 Limited Filleted accounts for the year ended 29 February 2024
GC12 Limited Filleted accounts Contents
Page
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GC12 Limited Company Information for the year ended 29 February 2024
Director
Gokarna Chungbang
Company Number
13917990 (England and Wales)
Registered Office
290 Cheriton Road, Folkestone, Kent CT19 4DP United Kingdom
Accountants
Bright Sterling Ltd 53 Sheen Lane LONDON SW14 8AB
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GC12 Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
163,614 
- 
Current assets
Debtors
184,095 
190,805 
Cash at bank and in hand
2,957 
45,142 
187,052 
235,947 
Creditors: amounts falling due within one year
(337,939)
(236,844)
Net current liabilities
(150,887)
(897)
Net assets/(liabilities)
12,727 
(897)
Capital and reserves
Called up share capital
100 
(100)
Profit and loss account
12,627 
(797)
Shareholders' funds
12,727 
(897)
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 27 November 2024 and were signed on its behalf by
Gokarna Chungbang Director Company Registration No. 13917990
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GC12 Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
GC12 Limited is a private company, limited by shares, registered in England and Wales, registration number 13917990. The registered office is 290 Cheriton Road,, Folkestone,, Kent, CT19 4DP, United Kingdom.
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
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 15 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Investment property
2024 
£ 
Additions
163,614 
At 29 February 2024
163,614 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
2,000 
- 
Other debtors
182,095 
190,805 
184,095 
190,805 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
310,615 
213,379 
Loans from directors
25,848 
22,745 
Accruals
1,476 
720 
337,939 
236,844 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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