Gia Group Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10574094

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		102		102

			102		102
CURRENT ASSETS
Debtors	5	52,000		52,000
Cash at bank and in hand		123		123

		52,123		52,123
Creditors: Amounts Falling Due Within One Year	6	(49,374 )		(48,774 )

NET CURRENT ASSETS (LIABILITIES)			2,749		3,349

TOTAL ASSETS LESS CURRENT LIABILITIES			2,851		3,451

NET ASSETS			2,851		3,451

CAPITAL AND RESERVES
Called up share capital	7		106		106
Profit and Loss Account			2,745		3,345

SHAREHOLDERS' FUNDS			2,851		3,451

For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Solomon Abuede

Director

22/10/2025

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

1. General Information

Gia Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10574094 . The registered office is 23 Middleton Park Circus, Middleton, Leeds, West Yorkshire, England, LS10 4LX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 November 2023	102

As at 31 October 2024	102

Provision
As at 1 November 2023	-

As at 31 October 2024	-

Net Book Value
As at 31 October 2024	102

As at 1 November 2023	102

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Gia Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	50,000	50,000
Other debtors	2,000	2,000

	52,000	52,000

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Accruals and deferred income	768	978
Amounts owed to group undertakings	48,606	47,796

	49,374	48,774

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
53 Ordinary A shares of £ 1.00 each	53	53
53 Ordinary B shares of £ 1.00 each	53	53

	106	106

8. Related Party Transactions

SA2 Limited

During the period the company received dividends totalling (2023: £281,000) from SA2 Limited. As at the balance sheet date, the company owed SA2 Limited £48,606 (2023: £47,796). There are no fixed repayment terms and no interest is charged.

SA2 Properties Limited

During the period, the company made a loan advance to SA2 Properties Limited of £nil (2023: £nil). As at the balance sheet date the company was owed £50,000 (2023: £50,000). There are no fixed repayment terms and no interest is charged.

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