IRIS Accounts Production v24.3.2.46 04660633 Board of Directors 1.9.23 31.8.24 31.8.24 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046606332023-08-31046606332024-08-31046606332023-09-012024-08-31046606332022-08-31046606332022-09-012023-08-31046606332023-08-3104660633ns15:EnglandWales2023-09-012024-08-3104660633ns14:PoundSterling2023-09-012024-08-3104660633ns10:Director12023-09-012024-08-3104660633ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104660633ns10:SmallEntities2023-09-012024-08-3104660633ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3104660633ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104660633ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104660633ns10:FullAccounts2023-09-012024-08-3104660633ns10:OrdinaryShareClass12023-09-012024-08-3104660633ns10:Director22023-09-012024-08-3104660633ns10:CompanySecretary12023-09-012024-08-3104660633ns10:RegisteredOffice2023-09-012024-08-3104660633ns5:CurrentFinancialInstruments2024-08-3104660633ns5:CurrentFinancialInstruments2023-08-3104660633ns5:Non-currentFinancialInstruments2024-08-3104660633ns5:Non-currentFinancialInstruments2023-08-3104660633ns5:ShareCapital2024-08-3104660633ns5:ShareCapital2023-08-3104660633ns5:RevaluationReserve2024-08-3104660633ns5:RevaluationReserve2023-08-3104660633ns5:RetainedEarningsAccumulatedLosses2024-08-3104660633ns5:RetainedEarningsAccumulatedLosses2023-08-3104660633ns5:LandBuildings2023-08-3104660633ns5:LandBuildings2024-08-3104660633ns5:LandBuildings2023-08-3104660633ns5:CostValuation2023-08-3104660633ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3104660633ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3104660633ns5:Secured2024-08-3104660633ns5:Secured2023-08-3104660633ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 04660633 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GKL HOLDINGS LTD.

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GKL HOLDINGS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J A Brackenbury
E M Killoughery





SECRETARY: S V Killoughery





REGISTERED OFFICE: Unit 2
Varity Park
Vicarage Farm Road
Peterborough
Cambridgeshire
PE1 5GU





REGISTERED NUMBER: 04660633 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 225,000 225,000
Investments 6 101 101
225,101 225,101

CURRENT ASSETS
Debtors 7 2,432,753 2,907,263
Cash at bank 3,080 4,741
2,435,833 2,912,004
CREDITORS
Amounts falling due within one year 8 183,696 262,035
NET CURRENT ASSETS 2,252,137 2,649,969
TOTAL ASSETS LESS CURRENT LIABILITIES 2,477,238 2,875,070

CREDITORS
Amounts falling due after more than one
year

9

411,667

841,686
NET ASSETS 2,065,571 2,033,384

CAPITAL AND RESERVES
Called up share capital 11 1,602 1,602
Revaluation reserve 75,000 75,000
Retained earnings 1,988,969 1,956,782
SHAREHOLDERS' FUNDS 2,065,571 2,033,384

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 March 2025 and were signed on its behalf by:





J A Brackenbury - Director


GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Gkl Holdings Ltd. 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 the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. ACCOUNTING POLICIES - continued

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 225,000
NET BOOK VALUE
At 31 August 2024 225,000
At 31 August 2023 225,000

Cost or valuation at 31 August 2024 is represented by:

Freehold
property
£   
Valuation in 2022 75,000
Cost 150,000
225,000

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 101
NET BOOK VALUE
At 31 August 2024 101
At 31 August 2023 101

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 339,417 31,760
Other debtors 2,093,336 2,875,503
2,432,753 2,907,263

GKL HOLDINGS LTD. (REGISTERED NUMBER: 04660633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 43,767
Trade creditors 9,300 -
Taxation and social security 11,129 4,678
Other creditors 153,267 213,590
183,696 262,035

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 441,686
Other creditors 400,000 400,000
411,667 841,686

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 21,667 485,453

There is a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery etc., held by Lloyds Bank PLC.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,602 Ordinary £1 1,602 1,602

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The controlling parties are Eamonn and Susan Killoughery by virtue of their ownership of the issued ordinary share capital.