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REGISTERED NUMBER: 12867030 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

GTL Assets (Nottm) Ltd

GTL Assets (Nottm) Ltd (Registered number: 12867030)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GTL Assets (Nottm) Ltd

Company Information
for the year ended 29 February 2024







DIRECTOR: G Lindley





SECRETARY: G Lindley





REGISTERED OFFICE: Clayton and Brewill
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 12867030 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

GTL Assets (Nottm) Ltd (Registered number: 12867030)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 109,673 34,044

CURRENT ASSETS
Debtors 5 3,442 25,000
Cash at bank and in hand 18,575 9,912
22,017 34,912
CREDITORS
Amounts falling due within one year 6 3,465 5,245
NET CURRENT ASSETS 18,552 29,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,225

63,711

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 128,125 63,611
SHAREHOLDERS' FUNDS 128,225 63,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 29 November 2024 and were signed by:





G Lindley - Director


GTL Assets (Nottm) Ltd (Registered number: 12867030)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

GTL Assets (Nottm) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at 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 NIL (2023 - NIL).

GTL Assets (Nottm) Ltd (Registered number: 12867030)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in Other
undertakings associate investments Totals
£    £    £    £   
COST
At 1 March 2023 506 250 33,288 34,044
Additions 40,008 - 82,546 122,554
Disposals - - (46,925 ) (46,925 )
At 29 February 2024 40,514 250 68,909 109,673
NET BOOK VALUE
At 29 February 2024 40,514 250 68,909 109,673
At 28 February 2023 506 250 33,288 34,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,442 25,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 506 506
Taxation and social security 877 3,577
Other creditors 2,082 1,162
3,465 5,245