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Company Registration No. 13137541 (England and Wales)
Gelecegim Ltd Unaudited accounts for the year ended 31 January 2025
Gelecegim Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gelecegim Ltd Company Information for the year ended 31 January 2025
Director
Mr A Setirekli
Company Number
13137541 (England and Wales)
Registered Office
18 Keswick Drive Enfield London EN3 6NY England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Gelecegim Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
983,500
425,400
Current assets
Debtors
5
1,710
-
Cash at bank and in hand
1,457
210
3,167
210
Creditors: amounts falling due within one year
6
(399,231)
(107,416)
Net current liabilities
(396,064)
(107,206)
Total assets less current liabilities
587,436
318,194
Creditors: amounts falling due after more than one year
7
(564,535)
(313,240)
Net assets
22,901
4,954
Capital and reserves
Called up share capital
8
100
100
Revaluation reserve
8,710
(2,000)
Profit and loss account
14,091
6,854
Shareholders' funds
22,901
4,954
For the year ending 31 January 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 22 January 2026 and were signed on its behalf by
Mr A Setirekli Director Company Registration No. 13137541
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Gelecegim Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Gelecegim Ltd is a private company, limited by shares, registered in England and Wales, registration number 13137541. The registered office is 18 Keswick Drive, Enfield, London, EN3 6NY, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 February 2024
425,400
Additions
549,100
Net gain from fair value adjustments
9,000
At 31 January 2025
983,500
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Deferred tax asset
1,710
-
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Gelecegim Ltd Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,698
1,524
Loans from directors
396,933
105,292
Accruals
600
600
399,231
107,416
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
564,535
313,240
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within other creditors is an amount of £396,933 (2024;£105,292) due to its directors. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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