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Company Registration No. 13324689 (England and Wales)
GX ONE LTD Unaudited accounts for the year ended 30 April 2024
GX ONE LTD Unaudited accounts Contents
Page
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GX ONE LTD Company Information for the year ended 30 April 2024
Directors
Dr M Shorafa Dr F E Beizaei
Company Number
13324689 (England and Wales)
Registered Office
10 Dove Park Chorleywood Rickmansworth WD3 5NY England
Accountants
Warren Sharpe Associates 24 Rowland Place Northwood HA6 1AD
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GX ONE LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,784 
3,480 
Investment property
2,489,246 
1,727,334 
2,492,030 
1,730,814 
Current assets
Debtors
10,084 
270,282 
Cash at bank and in hand
290,208 
2,309 
300,292 
272,591 
Creditors: amounts falling due within one year
(1,925,020)
(1,160,150)
Net current liabilities
(1,624,728)
(887,559)
Total assets less current liabilities
867,302 
843,255 
Creditors: amounts falling due after more than one year
(863,977)
(861,397)
Net assets/(liabilities)
3,325 
(18,142)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
2,325 
(19,142)
Shareholders' funds
3,325 
(18,142)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by
Dr M Shorafa Director Company Registration No. 13324689
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GX ONE LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
GX ONE LTD is a private company, limited by shares, registered in England and Wales, registration number 13324689. The registered office is 10 Dove Park, Chorleywood, Rickmansworth, WD3 5NY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover represents rent receivable during the year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% wdv
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GX ONE LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
4,350 
At 30 April 2024
4,350 
Depreciation
At 1 May 2023
870 
Charge for the year
696 
At 30 April 2024
1,566 
Net book value
At 30 April 2024
2,784 
At 30 April 2023
3,480 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
1,727,334 
Additions
761,912 
At 30 April 2024
2,489,246 
As per director, there has been no change in valuation for the properties.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
10,084 
270,282 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
720 
600 
Other creditors
1,846,474 
1,080,822 
Loans from directors
77,826 
78,728 
1,925,020 
1,160,150 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
863,977 
861,397 
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GX ONE LTD Notes to the Accounts for the year ended 30 April 2024
9
Transactions with related parties
During the year there were following loan balances included in creditors and were owed to : £14,90,000 - Shorafa UK Ltd - A Company in which Dr M Shorafa & Dr F E Beizaei are director. £3,50,000 - OMF Surgery Ltd - A Company in which Dr M Shorafa is director.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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