REGISTERED NUMBER: 15345673 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

GL 191 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E A Babad

REGISTERED OFFICE:

4th Floor Sutherland House

70 -78 West Hendon Broadway

Hendon

London

NW9 7BT

REGISTERED NUMBER:

15345673 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

1,255,000

CURRENT ASSETS

Debtors

5

74,235

CREDITORS

Amounts falling due within one year

6

(43,918

)

NET CURRENT ASSETS

30,317

TOTAL ASSETS LESS CURRENT LIABILITIES

1,285,317

CREDITORS

Amounts falling due after more than one year

7

(983,606

)

NET ASSETS

301,711

CAPITAL AND RESERVES

Called up share capital

9

100

Revaluation reserve

10

378,525

Retained earnings

(76,914

)

SHAREHOLDERS' FUNDS

301,711

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2025 and were signed by:

E A Babad - Director

1.	STATUTORY INFORMATION

GL 191 Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

876,475

Revaluations

378,525

At 31 December 2024

1,255,000

NET BOOK VALUE

At 31 December 2024

1,255,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

378,525

Cost

876,475

1,255,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

74,235

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

35,558

Other creditors

20

Rent deposits

7,500

Accrued expenses

840

43,918

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans more 5 yrs non-inst

983,606

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

983,606

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

983,606

Long term bank loan is secured by first charge over the company's investment property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

10.

RESERVES

Revaluation

reserve

£

Revaluation reserve

378,525

At 31 December 2024

378,525

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E A Babad.