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# GG-930-302 LIMITED

## Company Registration Number:
13943888 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 01 January 2024

## End date: 31 December 2024

# GG-930-302 LIMITED

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3 |
Profit and Loss Account - 4 |
Balance sheet - 5 |
Additional notes - 7 |
Balance sheet notes - 10 |

# GG-930-302 LIMITED

## Company Information

for the Period Ended 31 December 2024

Director: |  | Darius Zilinskas
Registered office: |  | 32 Beddington Road Ilford England IG3 8PD
Company Registration Number: |  | 13943888 (England and Wales)

# GG-930-302 LIMITED

## Profit and Loss Account

for the Period Ended 31 December 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Turnover |  | 12,100 | 12,100
Gross Profit or (Loss) |  | 12,100 | 12,100
Administrative Expenses |  | ( 13,240 ) | ( 10,698 )
Operating Profit or (Loss) |  | ( 1,140 ) | 1,402
Profit or (Loss) Before Tax |  | ( 1,140 ) | 1,402
Profit or (Loss) for Period |  | ( 1,140 ) | 1,402

The notes form part of these financial statements

# GG-930-302 LIMITED

## Balance sheet

As at 31 December 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Fixed assets
Tangible assets: | 4 | 350,000 | 350,000
Total fixed assets: |  | 350,000 | 350,000
Current assets
Debtors: | 5 | 3,852 | 3,852
Cash at bank and in hand: |  | 2,175 | 4,815
Total current assets: |  | 6,027 | 8,667
Creditors: amounts falling due within one year: | 6 | ( 90,437 ) | ( 91,937 )
Net current assets (liabilities): |  | ( 84,410 ) | ( 83,270 )
Total assets less current liabilities: |  | 265,590 | 266,730
Creditors: amounts falling due after more than one year: | 7 | ( 281,800 ) | ( 281,800 )
Total net assets (liabilities): |  | ( 16,210 ) | ( 15,070 )

The notes form part of these financial statements

# GG-930-302 LIMITED

## Balance sheet continued

As at 31 December 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Capital and reserves
Called up share capital: |  | 100 | 100
Revaluation reserve: | 8 | ( 16,421 ) | ( 16,421 )
Profit and loss account: |  | 111 | 1,251
Shareholders funds: |  | ( 16,210 ) | ( 15,070 )

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 14 February 2026
And Signed On Behalf Of The Board By:

Name: Darius Zilinskas
Status: Director

The notes form part of these financial statements

# GG-930-302 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

# GG-930-302 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 1 | 1

# GG-930-302 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 3. Off balance sheet disclosure

  No

# GG-930-302 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Tangible assets

| Land & buildings | Total
--- | --- | ---
Cost | £ | £
At 01 January 2024 | 350,000 | 350,000
Additions | 0 | 0
Disposals | ( 0 ) | ( 0 )
Revaluations | 0 | 0
Transfers | 0 | 0
At 31 December 2024 | 350,000 | 350,000
Depreciation |  |
At 01 January 2024 | 0 | 0
Charge for year | 0 | 0
On disposals | ( 0 ) | ( 0 )
Other adjustments | 0 | 0
At 31 December 2024 | 0 | 0
Net book value |  |
At 31 December 2024 | 350,000 | 350,000
At 31 December 2023 | 350,000 | 350,000

Tangible fixed assets represent investment property held for rental income and capital appreciation.
The investment property is measured at fair value. The director considers the carrying value to reflect the fair value at the balance sheet date.
No depreciation is charged in accordance with FRS 102 Section 1A.

# GG-930-302 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Debtors

| 2024 £ | 2023 £
--- | --- | ---
Trade debtors | 0 | 0
Prepayments and accrued income | 0 | 0
Other debtors | 3,852 | 3,852
Total | 3,852 | 3,852
Debtors due after more than one year: | 0 | 0

The balance of £3,852 included within debtors relates to a deferred tax asset recognised in respect of unrealised fair value losses on the investment property. The deferred tax asset represents the estimated future tax relief expected to arise when the underlying temporary differences reverse.

# GG-930-302 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 6.Creditors: amounts falling due within one year note

| 2024 £ | 2023 £
--- | --- | ---
Other creditors | 90,437 | 91,937
Total | 90,437 | 91,937

Creditors falling due within one year include amounts owed to the director under the director’s loan account together with accrued mortgage interest and other short-term liabilities. The director’s loan balance is unsecured and repayable on demand.

# GG-930-302 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 7.Creditors: amounts falling due after more than one year

| 2024 £ | 2023 £
--- | --- | ---
Bank loans and overdrafts | 281,800 | 281,800
Total | 281,800 | 281,800

The amount of £281,800 represents a secured bank loan relating to the investment property.
The loan is secured by a legal charge over the company’s property.
The loan is repayable over a period exceeding five years and is presented as a liability falling due after more than one year.

# GG-930-302 LIMITED

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 8. Revaluation reserve

| 2024 £
--- | ---
Balance at 01 January 2024 | ( 16,421 )
Surplus or deficit after revaluation | 0
Balance at 31 December 2024 | ( 16,421 )

The revaluation reserve represents the cumulative fair value adjustment of the investment property measured under FRS 102 Section 1A.
During the year ended 31 December 2024, no further revaluation was recognised.
The balance therefore remains unchanged from the prior year.