IRIS Accounts Production v25.1.0.734 01837176 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018371762023-04-30018371762024-04-30018371762023-05-012024-04-30018371762022-04-30018371762022-05-012023-04-30018371762023-04-3001837176ns15:EnglandWales2023-05-012024-04-3001837176ns14:PoundSterling2023-05-012024-04-3001837176ns10:Director12023-05-012024-04-3001837176ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001837176ns10:SmallEntities2023-05-012024-04-3001837176ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3001837176ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001837176ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001837176ns10:FullAccounts2023-05-012024-04-3001837176ns10:Director22023-05-012024-04-3001837176ns10:Director32023-05-012024-04-3001837176ns10:CompanySecretary12023-05-012024-04-3001837176ns10:RegisteredOffice2023-05-012024-04-3001837176ns5:CurrentFinancialInstruments2024-04-3001837176ns5:CurrentFinancialInstruments2023-04-3001837176ns5:Non-currentFinancialInstruments2024-04-3001837176ns5:Non-currentFinancialInstruments2023-04-3001837176ns5:ShareCapital2024-04-3001837176ns5:ShareCapital2023-04-3001837176ns5:FurtherSpecificReserve1ComponentTotalEquity2024-04-3001837176ns5:FurtherSpecificReserve1ComponentTotalEquity2023-04-3001837176ns5:RetainedEarningsAccumulatedLosses2024-04-3001837176ns5:RetainedEarningsAccumulatedLosses2023-04-3001837176ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3001837176ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3001837176ns5:Secured2024-04-3001837176ns5:Secured2023-04-30
REGISTERED NUMBER: 01837176 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

GIA BRAND LIMITED

GIA BRAND LIMITED (REGISTERED NUMBER: 01837176)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GIA BRAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G M Haye
Ms M E Haye
D Hye





SECRETARY: Miss R Hye





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 01837176 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

GIA BRAND LIMITED (REGISTERED NUMBER: 01837176)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 750,000 750,000

CURRENT ASSETS
Debtors 5 105,324 102,841
Cash at bank 50,862 38,614
156,186 141,455
CREDITORS
Amounts falling due within one year 6 61,556 52,751
NET CURRENT ASSETS 94,630 88,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

844,630

838,704

CREDITORS
Amounts falling due after more than one
year

7

(119,472

)

(125,043

)

PROVISIONS FOR LIABILITIES (165,149 ) (129,621 )
NET ASSETS 560,009 584,040

CAPITAL AND RESERVES
Called up share capital 254,572 290,100
Other reserves 588,122 552,594
Profit and loss account (282,685 ) (258,654 )
SHAREHOLDERS' FUNDS 560,009 584,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GIA BRAND LIMITED (REGISTERED NUMBER: 01837176)

BALANCE SHEET - continued
30 APRIL 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





G M Haye - Director


GIA BRAND LIMITED (REGISTERED NUMBER: 01837176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Gia Brand 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

GIA BRAND LIMITED (REGISTERED NUMBER: 01837176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 750,000
NET BOOK VALUE
At 30 April 2024 750,000
At 30 April 2023 750,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 682,215
Cost 67,785
750,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 226
Other debtors 105,324 102,615
105,324 102,841

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,392 5,196
Taxation and social security 14,181 11,421
Other creditors 41,983 36,134
61,556 52,751

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 119,472 125,043

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 124,864 130,239