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REGISTERED NUMBER: 08964985 (England and Wales)









Financial Statements

for the Year Ended 29 March 2024

for

GII Finance Network Limited

GII Finance Network Limited (Registered number: 08964985)






Contents of the Financial Statements
for the Year Ended 29 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GII Finance Network Limited

Company Information
for the Year Ended 29 March 2024







DIRECTORS: G N Inniss
E M A C Mottrie
C Dukic





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301,
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 08964985 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

GII Finance Network Limited (Registered number: 08964985)

Statement of Financial Position
29 March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 351,274 276,142
Property, plant and equipment 5 2,282 1,127
Investments 6 100 100
353,656 277,369

CURRENT ASSETS
Debtors 7 126,568 101,163
Cash at bank 22,873 9,046
149,441 110,209
CREDITORS
Amounts falling due within one year 8 1,335,542 1,098,226
NET CURRENT LIABILITIES (1,186,101 ) (988,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(832,445

)

(710,648

)

CAPITAL AND RESERVES
Called up share capital 1,554 1,554
Share premium 927,709 927,709
Retained earnings (1,761,708 ) (1,639,911 )
SHAREHOLDERS' FUNDS (832,445 ) (710,648 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





G N Inniss - Director


GII Finance Network Limited (Registered number: 08964985)

Notes to the Financial Statements
for the Year Ended 29 March 2024

1. STATUTORY INFORMATION

GII Finance Network 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.

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.

Turnover
Revenue 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on cost

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

GII Finance Network Limited (Registered number: 08964985)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 30 March 2023 276,142
Additions 75,132
At 29 March 2024 351,274
NET BOOK VALUE
At 29 March 2024 351,274
At 29 March 2023 276,142

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 30 March 2023 2,715
Additions 1,852
At 29 March 2024 4,567
DEPRECIATION
At 30 March 2023 1,588
Charge for year 697
At 29 March 2024 2,285
NET BOOK VALUE
At 29 March 2024 2,282
At 29 March 2023 1,127

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 March 2023
and 29 March 2024 100
NET BOOK VALUE
At 29 March 2024 100
At 29 March 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Value added tax 115,055 90,773
Prepayments & accrued income 11,513 10,390
126,568 101,163

GII Finance Network Limited (Registered number: 08964985)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 467,273 477,428
Amounts owed to group undertakings 440,342 204,593
Shareholder loans 368,004 368,004
Accruals & deferred income 59,923 48,201
1,335,542 1,098,226