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REGISTERED NUMBER: 12844807 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FALCO GTC LIMITED

FALCO GTC LIMITED (REGISTERED NUMBER: 12844807)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FALCO GTC LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTORS: G K Verma
J S Bindra





REGISTERED OFFICE: 12th Floor
5 Merchant Square
London
W2 1AY





REGISTERED NUMBER: 12844807 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

FALCO GTC LIMITED (REGISTERED NUMBER: 12844807)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 117 156

CURRENT ASSETS
Debtors 5 426 350
Cash at bank 12 -
438 350
CREDITORS
Amounts falling due within one year 6 13,673 8,986
NET CURRENT LIABILITIES (13,235 ) (8,636 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,118 ) (8,480 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (13,218 ) (8,580 )
SHAREHOLDERS' FUNDS (13,118 ) (8,480 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 28 May 2025 and were signed on its behalf by:





G K Verma - Director


FALCO GTC LIMITED (REGISTERED NUMBER: 12844807)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

FALCO GTC 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

FALCO GTC LIMITED (REGISTERED NUMBER: 12844807)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 208
DEPRECIATION
At 1 September 2023 52
Charge for year 39
At 31 August 2024 91
NET BOOK VALUE
At 31 August 2024 117
At 31 August 2023 156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 426 350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,200 3,977
Trade creditors 251 1,825
Amounts owed to group undertakings 2,802 -
Taxation and social security 436 1,251
Other creditors 6,984 1,933
13,673 8,986

There is a balance owed to Railtranz Systems Limited (07191592) of £2802 as at 31st August 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the director Mr G Verma operated a current account in the year which opened with a balance owed to Mr G Verma of £287.

As at 31/08/24 there was a balance owned to Mr G Verma of £5,234.

9. RELATED PARTY DISCLOSURES

There is a balance owed to Railtranz Systems Limited (07191592) of which Mr G Verma is the ultimate controlling party of £2802 as at 31.08.2024

FALCO GTC LIMITED (REGISTERED NUMBER: 12844807)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


10. ULTIMATE CONTROLLING PARTY

The controlling party is G K Verma.

11. GOING CONCERN

The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative amount at the balance sheet date. The director have confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.