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REGISTERED NUMBER: 11005669 (England and Wales)









Financial Statements

for the Year Ended 31 October 2024

for

GKKC Limited

GKKC Limited (Registered number: 11005669)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GKKC Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: G Collier
K Schulte





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301,
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 11005669 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

GKKC Limited (Registered number: 11005669)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,611 473
Investment property 5 378,746 378,746
380,357 379,219

CURRENT ASSETS
Debtors 6 38 -
Cash at bank 13,340 26,170
13,378 26,170
CREDITORS
Amounts falling due within one year 7 (325,283 ) (338,036 )
NET CURRENT LIABILITIES (311,905 ) (311,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,452

67,353

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,352 67,253
SHAREHOLDERS' FUNDS 68,452 67,353

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





K Schulte - Director


GKKC Limited (Registered number: 11005669)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

GKKC 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment properties are modified to be shown at fair value.

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

Income is recognised over the period of the tenancy agreement.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

GKKC Limited (Registered number: 11005669)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 947
Additions 1,374
At 31 October 2024 2,321
DEPRECIATION
At 1 November 2023 474
Charge for year 236
At 31 October 2024 710
NET BOOK VALUE
At 31 October 2024 1,611
At 31 October 2023 473

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 378,746
NET BOOK VALUE
At 31 October 2024 378,746
At 31 October 2023 378,746

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 October 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment property was stated on a historical cost basis rather than that of the fair value basis, the amount recognised in the accounts would also have been £378,746 (2023: £378,746).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 4,363
Other creditors 325,283 333,673
325,283 338,036

8. RELATED PARTY DISCLOSURES

Included in other creditors at the balance sheet date is an aggregate amount of £312,264 (2023: £324,474) due to the directors. This amount has been provided unsecured, interest free and is effectively repayable on demand.