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REGISTERED NUMBER: 14876348 (England and Wales)










GIRO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 MAY 2023 TO 31 MAY 2024






GIRO LTD (REGISTERED NUMBER: 14876348)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 MAY 2023 TO 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIRO LTD

COMPANY INFORMATION
FOR THE PERIOD 17 MAY 2023 TO 31 MAY 2024







DIRECTORS: Ms M Burger
Mr E Mirandola





REGISTERED OFFICE: 69-71 East Street
Epsom
Surrey
KT17 1BP





REGISTERED NUMBER: 14876348 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

GIRO LTD (REGISTERED NUMBER: 14876348)

BALANCE SHEET
31 MAY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 772,677

CURRENT ASSETS
Debtors 5 10,401
Cash in hand 3,328
13,729
CREDITORS
Amounts falling due within one year 6 2,921
NET CURRENT ASSETS 10,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,485

CREDITORS
Amounts falling due after more than one
year

7

789,300
NET LIABILITIES (5,815 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (5,817 )
(5,815 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GIRO LTD (REGISTERED NUMBER: 14876348)

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 Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Ms M Burger - Director


GIRO LTD (REGISTERED NUMBER: 14876348)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 MAY 2023 TO 31 MAY 2024

1. STATUTORY INFORMATION

Giro Limited 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.

The presentation currency of the financial statements is Pound Sterling (£) and the financial statements have been rounded to the nearest pound.

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

GIRO LTD (REGISTERED NUMBER: 14876348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 MAY 2023 TO 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Improvements to property - 10% straight line
Computer equipment - 33% straight line

Going concern
The accounts have been prepared on the going concern basis. The directors have stated their intention to support the company so it can meet all of its financial obligations.

The directors confirm they have complied with these requirements and, having a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next twelve months from the signing of these financial statements.

Debtors
Debtors are measured at transaction price less impairment.

Cash at bank
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Creditors are measured at transaction price less impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
COST
Additions 634,030 144,058 355 778,443
At 31 May 2024 634,030 144,058 355 778,443
DEPRECIATION
Charge for period - 5,683 83 5,766
At 31 May 2024 - 5,683 83 5,766
NET BOOK VALUE
At 31 May 2024 634,030 138,375 272 772,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 10,401

GIRO LTD (REGISTERED NUMBER: 14876348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 MAY 2023 TO 31 MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 520
Other creditors 2,401
2,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 789,300

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M Burger and Mr E Mirandola by virtue of their shareholding of the company.