Registered number
11351841
Gnesha As Ltd
Unaudited Filleted Accounts
31 October 2024
Gnesha As Ltd
Registered number: 11351841
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 776,324 -
Investments 4 200 200
776,524 200
Current assets
Debtors 5 873,708 -
Cash at bank and in hand 632,900 2,012,757
1,506,608 2,012,757
Creditors: amounts falling due within one year 6 (136,091) (187,671)
Net current assets 1,370,517 1,825,086
Net assets 2,147,041 1,825,286
Capital and reserves
Called up share capital 200 200
Profit and loss account 2,146,841 1,825,086
Shareholders' funds 2,147,041 1,825,286
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 members have 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.
Andy Stallard
Director
Approved by the board on 10 January 2025
Gnesha As Ltd
Notes to the Accounts
for the year ended 31 October 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 776,324
At 31 October 2024 776,324
Depreciation
At 31 October 2024 -
Net book value
At 31 October 2024 776,324
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2023 200
At 31 October 2024 200
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 872,803 -
Other debtors 905 -
873,708 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 186,119
Taxation and social security costs 136,091 1,552
136,091 187,671
7 Other information
Gnesha As Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10 Fairway Business Centre
Airport Service Road
Portsmouth
PO3 5NU
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