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Registered number: 13659215














GAWAD VENTURES LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
GAWAD VENTURES LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 3


 
GAWAD VENTURES LTD
REGISTERED NUMBER:13659215

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
-
325,000

Cash at bank and in hand
  
140,043
1,077,186

  
140,043
1,402,186

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(64,031)
(1,335,606)

  

Net assets
  
76,012
66,580


Capital and reserves
  

Called up share capital 
 6 
-
-

Profit and loss account
  
76,012
66,580

  
76,012
66,580


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 July 2025.




J J Yentob
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
GAWAD VENTURES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Gawad Ventures Ltd is a private limited liability company registered in England and Wales with its registered office at 18 Cumberland Terrace, London, NW1 4HS.
The principal activity of the Company is that of the provision of loan finance.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.
Revenue for services is recognised in the period in which the services are provided.

 
2.3

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.5

Debtors

Short-term debtors are measured at the transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

Page 2

 
GAWAD VENTURES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

The director was the only employee of the Company during the current and preceding period.



4.


Debtors

2024
2023
£
£

Short-term loans receivable
-
325,000



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,800
1,680

Taxation and social security
2,194
16,511

Other creditors
58,117
1,315,650

Accruals and deferred income
1,920
1,765

64,031
1,335,606



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £0.01
-
-


Page 3