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REGISTERED NUMBER: 06725310 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

GAT Fashion Ltd

GAT Fashion Ltd (Registered number: 06725310)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAT Fashion Ltd

Company Information
for the year ended 30 November 2024







DIRECTOR: Q Gan





REGISTERED OFFICE: Union House
111 New Union Street
Coventry
CV1 2NT





REGISTERED NUMBER: 06725310 (England and Wales)





ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH

GAT Fashion Ltd (Registered number: 06725310)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 209,328 210,863
Investment property 5 975,000 975,000
1,184,328 1,185,863

CURRENT ASSETS
Stocks 6 79,500 86,500
Debtors 7 83,920 5,413
Cash at bank and in hand 50,014 152,464
213,434 244,377
CREDITORS
Amounts falling due within one year 8 (32,166 ) (56,140 )
NET CURRENT ASSETS 181,268 188,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,365,596

1,374,100

PROVISIONS FOR LIABILITIES (40,716 ) (40,493 )
NET ASSETS 1,324,880 1,333,607

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,324,780 1,333,507
1,324,880 1,333,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GAT Fashion Ltd (Registered number: 06725310)

Balance Sheet - continued
30 November 2024


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 director and authorised for issue on 12 June 2025 and were signed by:





Q Gan - Director


GAT Fashion Ltd (Registered number: 06725310)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

GAT Fashion Ltd 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.
Long leasehold - Straight line over the life of the lease
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

GAT Fashion Ltd (Registered number: 06725310)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 December 2023 234,504 69,845 304,349
Additions - 1,166 1,166
At 30 November 2024 234,504 71,011 305,515
DEPRECIATION
At 1 December 2023 23,863 69,623 93,486
Charge for year 2,345 356 2,701
At 30 November 2024 26,208 69,979 96,187
NET BOOK VALUE
At 30 November 2024 208,296 1,032 209,328
At 30 November 2023 210,641 222 210,863

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 975,000
NET BOOK VALUE
At 30 November 2024 975,000
At 30 November 2023 975,000

6. STOCKS
2024 2023
£    £   
Finished goods 79,500 86,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 65,775 -
Tax 4,130 -
VAT 6,103 -
Prepayments and accrued income 7,912 5,413
83,920 5,413

GAT Fashion Ltd (Registered number: 06725310)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,175 1,485
Tax 13,984 89
Pension contributions 276 127
Wages and salaries control 30 -
VAT - 17,501
Accruals 9,701 22,356
Directors' current accounts - 14,582
32,166 56,140

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Q Gan
Balance outstanding at start of year (14,582 ) (4,877 )
Amounts advanced 80,357 (10,000 )
Amounts repaid - 295
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,775 (14,582 )