Registered number
14660190
GGWPSER Limited
Cessation
Filleted Accounts
12 August 2024
GGWPSER Limited
Registered number: 14660190
Balance Sheet
as at 12 August 2024
Notes 2024
£
Current assets
Debtors 3 27,702
Cash at bank and in hand 6,629
34,331
Creditors: amounts falling due within one year 4 (34,321)
Net current assets 10
Net assets 10
Capital and reserves
Called up share capital 10
Shareholder's funds 10
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jean-Michel Gauthier
Director
Approved by the board on 2 January 2025
GGWPSER Limited
Notes to the Accounts
for the period from 13 February 2023 to 12 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Debtors 2024
£
Other debtors 27,702
4 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 34,321
5 Other information
GGWPSER Limited is a private company limited by shares and incorporated in England. Its registered office is:
1102 Wilshire House
2 Prospect Way
London
SW11 8BG
GGWPSER Limited 14660190 false 2023-02-13 2024-08-12 2024-08-12 VT Final Accounts April 2024 Jean-Michel Gauthier No description of principal activity 14660190 2023-02-13 2024-08-12 14660190 bus:PrivateLimitedCompanyLtd 2023-02-13 2024-08-12 14660190 bus:AuditExemptWithAccountantsReport 2023-02-13 2024-08-12 14660190 bus:Director40 2023-02-13 2024-08-12 14660190 1 2023-02-13 2024-08-12 14660190 2 2023-02-13 2024-08-12 14660190 countries:England 2023-02-13 2024-08-12 14660190 bus:FRS102 2023-02-13 2024-08-12 14660190 bus:FilletedAccounts 2023-02-13 2024-08-12 14660190 2024-08-12 14660190 core:WithinOneYear 2024-08-12 14660190 core:ShareCapital 2024-08-12 14660190 2023-02-12 iso4217:GBP xbrli:pure