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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Gholam Limited

Gholam Limited (Registered number: 09017648)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gholam Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Z M Nava





SECRETARY: Z M Nava





REGISTERED OFFICE: 8/10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 09017648 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Gholam Limited (Registered number: 09017648)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 2,981

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 5 443 13
Cash at bank 1,555 1,620
7,998 7,633
CREDITORS
Amounts falling due within one year 6 77,033 73,033
NET CURRENT LIABILITIES (69,035 ) (65,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(69,034

)

(62,419

)

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 148,500 148,500
Retained earnings (219,534 ) (212,919 )
SHAREHOLDERS' FUNDS (69,034 ) (62,419 )

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

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

The director acknowledges his 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.

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 director and authorised for issue on 28 February 2025 and were signed by:





Z M Nava - Director


Gholam Limited (Registered number: 09017648)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Gholam 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.

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.

The accounts have been prepared on a going concern basis.

The Directors have prepared detailed forecasts and cashflow projections which they believe are based upon reasonable assumptions. These forecasts show that the Company should be able to operate within its current facilities for the foreseeable future and thus the Directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Film production is being amortised evenly over its estimated useful life of nil years.

Intangible fixed assets
Intangible fixed assets have been recognised at cost, excluding value added tax. The asset is not yet completed and has therefore not been amortising in the period. Following completion, the asset will be amortised over 5 years.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Gholam Limited (Registered number: 09017648)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Development Film
costs production Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,650 51,843 54,493
AMORTISATION
At 1 April 2023 2,649 48,863 51,512
Amortisation for year - 2,980 2,980
At 31 March 2024 2,649 51,843 54,492
NET BOOK VALUE
At 31 March 2024 1 - 1
At 31 March 2023 1 2,980 2,981

Gholam Ltd are capitalising new expenditure, net of grants, for a film production during the year. The previous production remains capitalised and future revenues are anticipated over time.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 443 13

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 71,500 71,500
Trade creditors 1 1
Tax 3 3
Directors' current accounts 4,579 579
Accrued expenses 950 950
77,033 73,033

The loans represent loans from investors to participate in the film Gholam. Repayment is related to receipts from the sale and royalties from the film.

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.