Gill London III Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11539990 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gill London III Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T S Gill

J S Gill

REGISTERED OFFICE:

51 Gloucester Terrace

London

United Kingdom

W2 3DQ

REGISTERED NUMBER:

11539990 (England and Wales)

ACCOUNTANTS:

Euro Ashfords (UK) Ltd

2nd Floor,

39 Ludgate hill

London

EC4M 7JN

CURRENT ASSETS

Debtors

4

2,035,432

2,030,290

Cash at bank

42,508

43,434

2,077,940

2,073,724

CREDITORS

Amounts falling due within one year

5

1,890,452

1,819,644

NET CURRENT ASSETS

187,488

254,080

TOTAL ASSETS LESS CURRENT
LIABILITIES

187,488

254,080

CAPITAL AND RESERVES

Called up share capital

11

Retained earnings

187,477

254,069

187,488

254,080

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

J S Gill - Director

1.	STATUTORY INFORMATION

Gill London III Limited 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.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The directors have prepared these financial statements on the going concern basis. At the time of approving these financial statements and in coming to this conclusion, the directors have assessed current and future trade. The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

799,129

793,987

Other debtors

1,236,303

2,035,432

2,030,290

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

13,676

Amounts owed to group undertakings

1,864,973

1,557,153

Taxation and social security

1,861

245,815

Other creditors

9,942

3,000

1,890,452

1,819,644

6.	RELATED PARTY DISCLOSURES

The following amounts were due to/(from) related parties at the year end, and included within amounts

owed by related parties and other creditors within the accounts:

2024

2023

£

Gill London II Ltd

796,941

Gill London I Ltd

1,068,032

760,212

Gill Properties UK LLC

(3,011

)

(3,011

)

Director loan

(757,706

)

(757,706

)

Gill Aviation LLC

(33,269

)

-(33,269

)

JJM Holdings UK ltd

5,142

All the above loans due to/(from) related parties are interest free and repayable on demand.

All the above companies are related through common director.

Included within Amounts due from group companies is a balance of £796,941 (2023: £796,941) due to Gill London II Limited and £1,068,032 (2023: £760,212) due to Gill London I Limited. Both are companies related by common director and shareholder.

Amount owed by Gill properties UK LLC £3,011 (2023: £3,011) owed by a company related by a common director and shareholder.

At the year end the directors owed the company £757,706 (2023: £757,706) and the amount is

outstanding in debtors.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is J S Gill.