GKA International Asset Management Limited 07232563 false 2023-04-29 2024-04-28 2024-04-28 The principal activity of the company is Security broking and fund management. Digita Accounts Production Advanced 6.30.9574.0 true true 07232563 2023-04-29 2024-04-28 07232563 2024-04-28 07232563 core:RetainedEarningsAccumulatedLosses 2024-04-28 07232563 core:ShareCapital 2024-04-28 07232563 core:CurrentFinancialInstruments 2024-04-28 07232563 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-28 07232563 core:FurnitureFittingsToolsEquipment 2024-04-28 07232563 bus:SmallEntities 2023-04-29 2024-04-28 07232563 bus:AuditExemptWithAccountantsReport 2023-04-29 2024-04-28 07232563 bus:FilletedAccounts 2023-04-29 2024-04-28 07232563 bus:SmallCompaniesRegimeForAccounts 2023-04-29 2024-04-28 07232563 bus:RegisteredOffice 2023-04-29 2024-04-28 07232563 bus:Director3 2023-04-29 2024-04-28 07232563 bus:PrivateLimitedCompanyLtd 2023-04-29 2024-04-28 07232563 core:FurnitureFittingsToolsEquipment 2023-04-29 2024-04-28 07232563 core:OfficeEquipment 2023-04-29 2024-04-28 07232563 countries:England 2023-04-29 2024-04-28 07232563 2023-04-28 07232563 core:FurnitureFittingsToolsEquipment 2023-04-28 07232563 2022-04-29 2023-04-28 07232563 2023-04-28 07232563 core:RetainedEarningsAccumulatedLosses 2023-04-28 07232563 core:ShareCapital 2023-04-28 07232563 core:CurrentFinancialInstruments 2023-04-28 07232563 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-28 07232563 core:FurnitureFittingsToolsEquipment 2023-04-28 iso4217:GBP xbrli:pure

Registration number: 07232563

GKA International Asset Management Limited

Unaudited Financial Statements

for the Year Ended 28 April 2024

 

GKA International Asset Management Limited

Contents

Statement of Financial Position

1

Notes to the Financial Statements

2 to 5

 

GKA International Asset Management Limited

(Registration number: 07232563)
Statement of Financial Position as at 28 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

348

666

Current assets

 

Debtors

4

386,615

463,360

Cash at bank and in hand

 

186,772

30,635

 

573,387

493,995

Creditors: Amounts falling due within one year

5

(58,269)

(33,410)

Net current assets

 

515,118

460,585

Net assets

 

515,466

461,251

Capital and reserves

 

Called up share capital

100

100

Retained earnings

515,366

461,151

Shareholders' funds

 

515,466

461,251

For the financial year ending 28 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
GM Kasler
Director

   
     
 

GKA International Asset Management Limited

Notes to the Financial Statements for the Year Ended 28 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6th Floor
55 King street
Manchester
Lancashire
M2 4LQ
United Kingdom

These financial statements were authorised for issue by the Board on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity; and
Specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

GKA International Asset Management Limited

Notes to the Financial Statements for the Year Ended 28 April 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% straight line

 

GKA International Asset Management Limited

Notes to the Financial Statements for the Year Ended 28 April 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 29 April 2023

26,028

26,028

At 28 April 2024

26,028

26,028

Depreciation

At 29 April 2023

25,362

25,362

Charge for the year

318

318

At 28 April 2024

25,680

25,680

Carrying amount

At 28 April 2024

348

348

At 28 April 2023

666

666

4

Debtors

Current

2024
£

2023
£

Other debtors

386,615

463,360

 

386,615

463,360

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

6

22,789

22,789

Taxation and social security

 

32,280

7,821

Accruals and deferred income

 

3,200

2,800

 

58,269

33,410

 

GKA International Asset Management Limited

Notes to the Financial Statements for the Year Ended 28 April 2024

6

Related party transactions

Transactions with directors

G M Kasler
(managing director and majority shareholder)

At the balance sheet date the amount due from G M Kasler was £271,983 (2023 - £329,961). Interest has been charged on this of £5,960 (2023 - £7,089).

7

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).