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Company No: 14058471 (England and Wales)

GUILLAM 61 CS LTD

Unaudited Financial Statements
For the financial period ended 31 May 2024
Pages for filing with the registrar

GUILLAM 61 CS LTD

Unaudited Financial Statements

For the financial period ended 31 May 2024

Contents

GUILLAM 61 CS LTD

COMPANY INFORMATION

For the financial period ended 31 May 2024
GUILLAM 61 CS LTD

COMPANY INFORMATION (continued)

For the financial period ended 31 May 2024
DIRECTORS Sohyb Alblushi
Abdelrahman Khaled Fathalla
REGISTERED OFFICE 35 Benson House 4 Radnor Terrace
London
W14 8FE
United Kingdom
COMPANY NUMBER 14058471 (England and Wales)
CHARTERED ACCOUNTANTS Mercer & Hole LLP
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
GUILLAM 61 CS LTD

BALANCE SHEET

As at 31 May 2024
GUILLAM 61 CS LTD

BALANCE SHEET (continued)

As at 31 May 2024
Note 31.05.2024 31.05.2023
£ £
Current assets
Debtors
- due within one year 3 55,182 38,464
- due after more than one year 3 34,500 34,500
89,682 72,964
Creditors: amounts falling due within one year 4 ( 89,681) ( 72,963)
Net current assets 1 1
Total assets less current liabilities 1 1
Net assets 1 1
Capital and reserves
Called-up share capital 5 1 1
Total shareholder's funds 1 1

For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Guillam 61 CS Ltd (registered number: 14058471) were approved and authorised for issue by the Board of Directors on 16 May 2025. They were signed on its behalf by:

Abdelrahman Khaled Fathalla
Director
GUILLAM 61 CS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 May 2024
GUILLAM 61 CS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Guillam 61 CS Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Benson House 4 Radnor Terrace, London, W14 8FE, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The comparative period presented in these financial statements covers an extended period of 13 months from incorporation on 20 April 2022 to the Company's desired reporting date of 31 May 2023. As such the results for the current period presented are not entirely comparable with the comparative period.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Trade and other debtors

Other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Year ended
31.05.2024
Period from
20.04.2022 to
31.05.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Debtors

31.05.2024 31.05.2023
£ £
Debtors: amounts falling due within one year
Other debtors 55,182 38,464
Debtors: amounts falling due after more than one year
Other debtors 34,500 34,500

4. Creditors: amounts falling due within one year

31.05.2024 31.05.2023
£ £
Amounts owed to Group undertakings 34,500 34,500
Other creditors 55,181 38,463
89,681 72,963

5. Called-up share capital

31.05.2024 31.05.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1
Allotted, called-up and not yet paid

6. Financial commitments

Commitments

31.05.2024 31.05.2023
£ £
Total future minimum lease payments under non-cancellable operating lease 761,875 806,319