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REGISTERED NUMBER: 08164920 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Ghada-Temi Limited

Ghada-Temi Limited (Registered number: 08164920)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Ghada-Temi Limited (Registered number: 08164920)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 535 803

CURRENT ASSETS
Cash at bank 629 1,152

CREDITORS
Amounts falling due within one year 5 28,223 20,151
NET CURRENT LIABILITIES (27,594 ) (18,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,059

)

(18,196

)

CREDITORS
Amounts falling due after more than one year 6 (13,891 ) (17,188 )

PROVISIONS FOR LIABILITIES (102 ) -
NET LIABILITIES (41,052 ) (35,384 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (41,152 ) (35,484 )
SHAREHOLDERS' FUNDS (41,052 ) (35,384 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd April 2025 and were signed on its behalf by:




Dr T Metseagharun - Director


Ghada-Temi Limited (Registered number: 08164920)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. COMPANY INFORMATION

Ghada-Temi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08164920

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Negative current liabilities
The company continues to trade in the area of medical provision and the directors expects that this will generate profits in the future. The company currently is in a net current liabilities position. The directors will continue to support the company for the foreseeable future.

On this basis the director has adopted the going concern basis of accounting in preparing the financial statements"

3. EMPLOYEES AND DIRECTORS

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

Ghada-Temi Limited (Registered number: 08164920)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2023
and 31st August 2024 1,610
DEPRECIATION
At 1st September 2023 807
Charge for year 268
At 31st August 2024 1,075
NET BOOK VALUE
At 31st August 2024 535
At 31st August 2023 803

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 9,000 9,000
Directors' current accounts 18,539 10,551
Accrued expenses 684 600
28,223 20,151

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 13,891 17,188

The bounce back loan is government backed for the first year and interest is charged at 2.5% for the rest of the loan term, which is up to a maximum of 6 years.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
50 Ordinary 1 50 50
50 Ordinary 1 50 50
100 100

Ghada-Temi Limited (Registered number: 08164920)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

31.8.24 31.8.23
£    £   
Dr T Metseagharun
Balance outstanding at start of year (10,551 ) (2,674 )
Amounts advanced 450 19,123
Amounts repaid (8,438 ) (27,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,539 ) (10,551 )

The loan is repayable on demand and no interest was charged during the year.

9. CONTROL

The company is jointly controlled by the directors Dr T Metseagharun and Dr G Temi-Metseagharun by virtue of their joint holding of the total share capital.