Company registration number SC791773 (Scotland)
GOKHOWAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GOKHOWAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GOKHOWAL LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
3
71,400
Investments
4
50
71,450
Current assets
Debtors
6
751
Cash at bank and in hand
60
811
Creditors: amounts falling due within one year
7
(73,130)
Net current liabilities
(72,319)
Net liabilities
(869)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(969)
Total equity
(869)
For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 4 September 2025
Mr K Shafiq
Director
Company registration number SC791773 (Scotland)
GOKHOWAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Gokhowal Limited is a private company limited by shares incorporated in Scotland. The registered office is 6th Floor, Gordon Chambers, 90 Mitchell Street, Glasgow, Lanarkshire, United Kingdom, G1 3NQ.
1.1
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company's liabilities exceeded its assets by £869 at 31 December 2024. The company is thus dependent on the continued financial support of its creditors. The director is confident of this continuing support and on this basis considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of financial support.true
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Fixed asset investments
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
Number
Total
1
3
Investment property
2024
£
Fair value
At 7 December 2023
Additions
71,400
At 31 December 2024
71,400
GOKHOWAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
4
Fixed asset investments
2024
£
Other investments other than loans
50
Movements in fixed asset investments
Investments
£
Cost or valuation
At 7 December 2023
-
Valuation changes
50
At 31 December 2024
50
Carrying amount
At 31 December 2024
50
5
Financial instruments
2024
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
50
6
Debtors
2024
Amounts falling due within one year:
£
Other debtors
751
7
Creditors: amounts falling due within one year
2024
£
Other creditors
73,130