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REGISTERED NUMBER: 11539990 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gill London III Limited

Gill London III Limited (Registered number: 11539990)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gill London III Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T S Gill
J S Gill





REGISTERED OFFICE: 51 Gloucester Terrace
London
United Kingdom
W2 3DQ





REGISTERED NUMBER: 11539990 (England and Wales)





ACCOUNTANTS: Euro Ashfords (UK) Ltd
2nd Floor,
39 Ludgate hill
London
EC4M 7JN

Gill London III Limited (Registered number: 11539990)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 2,030,290 1,010,318
Cash at bank 43,434 1,192,387
2,073,724 2,202,705
CREDITORS
Amounts falling due within one year 5 1,819,644 1,935,642
NET CURRENT ASSETS 254,080 267,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,080

267,063

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 254,069 267,052
254,080 267,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 31 March 2025 and were signed on its behalf by:





J S Gill - Director


Gill London III Limited (Registered number: 11539990)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gill London III 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.

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.

Going concern
The directors have prepared these financial statements on the going concern basis. At the time of approving these financial statements and in coming to this conclusion, the directors have assessed current and future trade. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 793,987 757,717
Other debtors 1,236,303 252,601
2,030,290 1,010,318

Gill London III Limited (Registered number: 11539990)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 13,676 1,210
Amounts owed to group undertakings 1,557,153 1,603,303
Taxation and social security 245,815 318,589
Other creditors 3,000 12,540
1,819,644 1,935,642

6. RELATED PARTY DISCLOSURES

The following amounts were due to/(from) related parties at the year end, and included within amounts
owed by related parties and other creditors within the accounts:

2023 2022
£    £   
Gill London II Ltd 796,941 843,091
Gill London I Ltd 760,212 760,212
Gill Properties UK LLC (3011 ) (11 )
Director loan (757,706 ) (757,706 )
Gill Aviation LLC (33,269 ) -

All the above loans due to/(from) related parties are interest free and repayable on demand.

All the above companies are related through common director.

Included within Amounts due from group companies is a balance of £796,941 (2022: £843,091) due to Gill London II Limited and £760,212 (2022: £760,212) due to Gill London I Limited. Both are companies related by common director and shareholder.

Amount owed by Gill properties UK LLC £3,011 (2022: £11) owed by a company related by a common director and shareholder.

At the year end the directors owed the company £757,706 (2022: £757,706) and the amount is
outstanding in debtors.

7. ULTIMATE CONTROLLING PARTY

The controlling party is J S Gill.