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REGISTERED NUMBER: 14100915 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Gollotus Ltd

Gollotus Ltd (Registered number: 14100915)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gollotus Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs Y Xu





SECRETARY:





REGISTERED OFFICE: 128 City Road
London
EC1V 2NX





REGISTERED NUMBER: 14100915 (England and Wales)





ACCOUNTANTS: M Ahmed & Co
Chartered Accountants
83 Park Road
Chilwell
Nottingham
NG9 4DE

Gollotus Ltd (Registered number: 14100915)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 783 1,044

CURRENT ASSETS
Debtors 5 50 1,861
Cash at bank 605 20,877
655 22,738
CREDITORS
Amounts falling due within one year 6 43,004 1,440
NET CURRENT (LIABILITIES)/ASSETS (42,349 ) 21,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,566

)

22,342

CREDITORS
Amounts falling due after more than one
year

7

-

40,000
NET LIABILITIES (41,566 ) (17,658 )

RESERVES
Retained earnings (41,566 ) (17,658 )
SHAREHOLDERS' FUNDS (41,566 ) (17,658 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Gollotus Ltd (Registered number: 14100915)

Balance Sheet - continued
31 May 2024


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 3 January 2025 and were signed by:





Mrs Y Xu - Director


Gollotus Ltd (Registered number: 14100915)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Gollotus 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 June 2023
and 31 May 2024 1,392
DEPRECIATION
At 1 June 2023 348
Charge for year 261
At 31 May 2024 609
NET BOOK VALUE
At 31 May 2024 783
At 31 May 2023 1,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
VAT 50 1,861

Gollotus Ltd (Registered number: 14100915)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Directors' current accounts 41,972 1,440
Accrued expenses 1,032 -
43,004 1,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Amounts owed to group undertakings - 40,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs Y Xu.

The ultimate controlling party is Beijing Genechain Technology Ltdbased in China.

9. GOING CONCERN

In common with startups, the company had negative reserves at the year end. The directors and parent company have confirmed that they will provide financial support to the company for the foreseeable future. The accounts have therefore been prepared on a going concern basis.