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Company Registration No. 14179894 (England and Wales)
GA&CO LTD Unaudited accounts for the year ended 30 June 2025
GA&CO LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GA&CO LTD Company Information for the year ended 30 June 2025
Director
A Sang Ung
Company Number
14179894 (England and Wales)
Registered Office
74 BRISTOL STREET BIRMINGHAM B5 7AH ENGLAND
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GA&CO LTD Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
13,950
Investment property
5
619,000
612,000
619,000
625,950
Current assets
Cash at bank and in hand
69,997
47,951
Creditors: amounts falling due within one year
6
(6,750)
(3,695)
Net current assets
63,247
44,256
Total assets less current liabilities
682,247
670,206
Creditors: amounts falling due after more than one year
7
(646,464)
(646,055)
Net assets
35,783
24,151
Capital and reserves
Called up share capital
12
12
Profit and loss account
35,771
24,139
Shareholders' funds
35,783
24,151
For the year ending 30 June 2025 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 12 September 2025 and were signed on its behalf by
A Sang Ung Director Company Registration No. 14179894
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GA&CO LTD Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
GA&CO LTD is a private company, limited by shares, registered in England and Wales, registration number 14179894. The registered office is 74 BRISTOL STREET, BIRMINGHAM, B5 7AH, 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 fixed assets are stated at cost less accumulated depreciation and impairment. Depreciation is provided to write off the cost of assets over their estimated useful lives. During the year, all tangible fixed assets were reclassified to investment property (see note 4).
Investment property
The fair value of the company’s investment property at 30 June 2025 has been determined by the director based on market evidence of current values, including online property market estimates (such as Zoopla) and comparable local sales data. No formal valuation by a qualified surveyor has been obtained. The director considers the valuation used to be a reasonable approximation of fair value at the reporting date. Changes in fair value 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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GA&CO LTD Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
9,838
11,261
21,099
Revaluations
(9,838)
(11,261)
(21,099)
At 30 June 2025
-
-
-
Depreciation
At 1 July 2024
3,418
3,731
7,149
Charge for the year
(3,418)
(3,731)
(7,149)
At 30 June 2025
-
-
-
Net book value
At 30 June 2025
-
-
-
At 30 June 2024
6,420
7,530
13,950
5
Investment property
2025
£
Fair value at 1 July 2024
612,000
Additions
21,099
Net loss from fair value adjustments
(14,099)
At 30 June 2025
619,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
6,667
3,695
Accruals
83
-
6,750
3,695
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
646,464
646,055
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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GA&CO LTD Notes to the Accounts for the year ended 30 June 2025
9
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 July 2023
30 June 2024
£
£
Capital and reserves (as previously stated)
-
31,300
Plant & Machinery
-
6,420
Fixtures & Fittings
-
7,530
Investment Property
-
(21,099)
Capital and reserves (as restated)
-
24,151
During the year, the company identified that certain assets previously classified as Plant & Machinery (£9,838) and Fixtures & Fittings (£11,261) were, in fact, investment property. The total cost of £21,099 has been reclassified to Investment Property. Depreciation previously charged on these assets, including prior period corrections and depreciation for the year ended 30 June 2024, totalling £7,149 (Plant & Machinery £3,418; Fixtures & Fittings £3,731), has been reversed. As the 2024 accounts have already been filed, the comparative figure for profit and loss reserves brought forward remains at £24,139. The reversal of prior year depreciation (£7,149) has been presented under the “Transfer to/from fair value reserve” line in the 2025 accounts, resulting in corrected opening reserves of £31,288. This adjustment has no impact on the company’s cash flows or on the current year’s profit. Profit and loss reserves at 30 June 2024 (as previously reported) £24,139 Reversal of depreciation on reclassified assets £7,149 Restated opening reserves at 1 July 2024 £31,288
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