Company Registration No. 04221631 (England and Wales)
GV GROUP (GATE VENTURES) LIMITED
Unaudited accounts
for the year ended 31 August 2024
GV GROUP (GATE VENTURES) LIMITED
Unaudited accounts
Contents
GV GROUP (GATE VENTURES) LIMITED
Company Information
for the year ended 31 August 2024
Company Number
04221631 (England and Wales)
Registered Office
204 Sky Gardens 153 Wandsworth Road
London
SW8 2GB
England
GV GROUP (GATE VENTURES) LIMITED
Statement of financial position
as at 31 August 2024
Intangible assets
325,000
-
Tangible assets
206,497
119,358
Cash at bank and in hand
6,308
239,229
Creditors: amounts falling due within one year
(558,459)
(1,543,758)
Net current assets
233,831
692,640
Total assets less current liabilities
765,332
812,002
Creditors: amounts falling due after more than one year
(20,088)
(39,968)
Net assets
745,244
772,034
Called up share capital
1,000
1,000
Profit and loss account
744,244
771,034
Shareholders' funds
745,244
772,034
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 May 2025 and were signed on its behalf by
Tevin Tobun
Director
Company Registration No. 04221631
GV GROUP (GATE VENTURES) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
GV GROUP (GATE VENTURES) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04221631. The registered office is 204 Sky Gardens 153 Wandsworth Road, London, SW8 2GB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
15% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
GV GROUP (GATE VENTURES) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
19,155
376,169
54,565
10,517
460,406
Additions
-
120,000
-
-
120,000
At 31 August 2024
19,155
496,169
54,565
10,517
580,406
At 1 September 2023
16,559
302,736
16,038
5,715
341,048
Charge for the year
557
24,477
6,799
1,028
32,861
At 31 August 2024
17,116
327,213
22,837
6,743
373,909
At 31 August 2024
2,039
168,956
31,728
3,774
206,497
At 31 August 2023
2,596
73,433
38,527
4,802
119,358
6
Investments
Subsidiary undertakings
Valuation at 1 September 2023
4
Valuation at 31 August 2024
4
Investments in subsidiary undertakings are recognised at cost
Amounts falling due within one year
Trade debtors
140,961
1,051,934
Amounts due from group undertakings etc.
-
262,997
Accrued income and prepayments
400,225
404,316
Other debtors
143,812
210,320
Amounts falling due after more than one year
GV GROUP (GATE VENTURES) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
47,202
41,600
Trade creditors
349,820
357,048
Amounts owed to group undertakings and other participating interests
49,263
-
Taxes and social security
21,316
106,715
Accrued preference dividends
35,000
-
Other creditors
55,858
876,920
Loans from directors
-
133,464
9
Creditors: amounts falling due after more than one year
2024
2023
Contributions to defined contribution plans are expensed in the period to which they relate.
11
Average number of employees
During the year the average number of employees was 48 (2023: 150).