1 September 2023 false No description of principal activity Taxfiler 2024.6 04221631business:PrivateLimitedCompanyLtd2023-09-012024-08-31 042216312023-08-31 042216312023-09-012024-08-31 04221631business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 04221631business:FilletedAccounts2023-09-012024-08-31 042216312024-08-31 04221631business:Director12023-09-012024-08-31 04221631business:RegisteredOffice2023-09-012024-08-31 042216312023-08-31 04221631core:WithinOneYear2024-08-31 04221631core:WithinOneYear2023-08-31 04221631core:AfterOneYear2024-08-31 04221631core:AfterOneYear2023-08-31 04221631core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 04221631core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 04221631core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 04221631core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 04221631core:PreviouslyStatedAmount2024-08-31 04221631core:PreviouslyStatedAmount2023-08-31 04221631business:SmallEntities2023-09-012024-08-31 04221631countries:EnglandWales2023-09-012024-08-31 04221631core:PlantMachinery2023-09-012024-08-31 04221631core:MotorVehicles2023-09-012024-08-31 04221631core:FurnitureFittings2023-09-012024-08-31 04221631core:ComputerEquipment2023-09-012024-08-31 04221631core:IntangibleAssetsOtherThanGoodwill2023-08-31 04221631core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-31 04221631core:IntangibleAssetsOtherThanGoodwill2024-08-31 04221631core:PlantMachinery2023-08-31 04221631core:MotorVehicles2023-08-31 04221631core:FurnitureFittings2023-08-31 04221631core:ComputerEquipment2023-08-31 04221631core:PlantMachinery2024-08-31 04221631core:MotorVehicles2024-08-31 04221631core:FurnitureFittings2024-08-31 04221631core:ComputerEquipment2024-08-31 042216312022-09-012023-08-31 iso4217:GBP xbrli:pure
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
Page
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GV GROUP (GATE VENTURES) LIMITED Company Information for the year ended 31 August 2024
Director
Tevin Tobun
Company Number
04221631 (England and Wales)
Registered Office
204 Sky Gardens 153 Wandsworth Road London SW8 2GB England
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GV GROUP (GATE VENTURES) LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
325,000 
- 
Tangible assets
206,497 
119,358 
Investments
4 
4 
531,501 
119,362 
Current assets
Debtors
785,982 
1,997,169 
Cash at bank and in hand
6,308 
239,229 
792,290 
2,236,398 
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 
Capital and reserves
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
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GV GROUP (GATE VENTURES) LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
- 
Additions
325,000 
At 31 August 2024
325,000 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
325,000 
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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 
Depreciation
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 
Net book value
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
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
66,229 
67,602 
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 
751,227 
1,997,169 
Amounts falling due after more than one year
Other debtors
34,755 
- 
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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 
Accruals
- 
28,011 
558,459 
1,543,758 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,088 
39,968 
10
Pension commitments
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).
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