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Company Registration No. 06583886 (England and Wales)
Gian Ltd Unaudited accounts for the year ended 29 May 2024
Gian Ltd Unaudited accounts Contents
Page
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Gian Ltd Company Information for the year ended 29 May 2024
Director
Bhavinder Singh Tamber
Company Number
06583886 (England and Wales)
Registered Office
99 CHESTER ROAD STREETLY SUTTON COLDFIELD WEST MIDLANDS B74 2HE ENGLAND
Accountants
Daniel Raj (ACA) North Stone Chartered Accountants 99 Chester Road Streetly Sutton Coldfield West Midlands B74 2HE
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Gian Ltd Statement of financial position as at 29 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
218,670 
224,268 
Investment property
1,190,942 
1,190,942 
1,409,612 
1,415,210 
Current assets
Debtors
5,980 
29,531 
Cash at bank and in hand
92,884 
48,253 
98,864 
77,784 
Creditors: amounts falling due within one year
(1,373,547)
(625,342)
Net current liabilities
(1,274,683)
(547,558)
Total assets less current liabilities
134,929 
867,652 
Creditors: amounts falling due after more than one year
- 
(715,020)
Net assets
134,929 
152,632 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
133,929 
151,632 
Shareholders' funds
134,929 
152,632 
For the year ending 29 May 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 19 December 2024 and were signed on its behalf by
Bhavinder Singh Tamber Director Company Registration No. 06583886
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Gian Ltd Notes to the Accounts for the year ended 29 May 2024
1
Statutory information
Gian Ltd is a private company, limited by shares, registered in England and Wales, registration number 06583886. The registered office is 99 CHESTER ROAD, STREETLY, SUTTON COLDFIELD, WEST MIDLANDS, B74 2HE, 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:
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Gian Ltd Notes to the Accounts for the year ended 29 May 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 30 May 2023
- 
299,119 
417 
299,536 
Additions
10,483 
18,298 
- 
28,781 
At 29 May 2024
10,483 
317,417 
417 
328,317 
Depreciation
At 30 May 2023
- 
74,916 
352 
75,268 
Charge for the year
2,621 
31,742 
16 
34,379 
At 29 May 2024
2,621 
106,658 
368 
109,647 
Net book value
At 29 May 2024
7,862 
210,759 
49 
218,670 
At 29 May 2023
- 
224,203 
65 
224,268 
5
Investment property
2024 
£ 
Fair value at 30 May 2023
1,190,942 
At 29 May 2024
1,190,942 
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less. Investment properties shall be included in the balance sheet at their market value.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,980 
17,078 
Other debtors
- 
12,453 
5,980 
29,531 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
638,690 
30,215 
Amounts owed to group undertakings and other participating interests
707,291 
577,156 
Proposed dividends
2,000 
2,000 
Loans from directors
24,816 
15,971 
Accruals
750 
- 
1,373,547 
625,342 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
715,020 
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Gian Ltd Notes to the Accounts for the year ended 29 May 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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