Registration number: 05539211

G & G International Limited

Contents

Company Information	1
Profit and Loss Account	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Unaudited Financial Statements	5 to 9

G & G International Limited

Company Information

Directors

Linda Garbarino Alfredo Caturano Gianmarco Esposito D'Onofrio

Company secretary

Laggan Secretaries Limited

Registered office

5th Floor, North Side 7/10 Chandos Street Cavendish Square London W1G 9DQ

G & G International Limited

Profit and Loss Account for the Year Ended 31 December 2025

	Note	2025 £	2024 £
Turnover		35,353	320,698
Cost of sales		(2,906)	(171,478)
Gross profit		32,447	149,220
Administrative expenses		(47,578)	(426,979)
Other operating income		13,246	9,429
Operating loss		(1,885)	(268,330)
Loss before tax		(1,885)	(268,330)
Tax on loss		-	41,021
Loss for the financial year		(1,885)	(227,309)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

G & G International Limited

(Registration number: 05539211)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,209	5,091
Current assets
Debtors	5	251,426	212,883
Investments	6	2,063	2,078
Cash at bank and in hand		13,226	21,962
		266,715	236,923
Creditors: Amounts falling due within one year	7	(252,814)	(224,019)
Net current assets		13,901	12,904
Net assets		16,110	17,995
Capital and reserves
Called up share capital		7	7
Retained earnings		16,103	17,988
Shareholders' funds		16,110	17,995

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2026 and signed on its behalf by:
 

......................................... Linda Garbarino Director

G & G International Limited

Statement of Changes in Equity for the Year Ended 31 December 2025

	Share capital £	Retained earnings £	Total £
At 1 January 2025	7	17,988	17,995
Loss for the year	-	(1,885)	(1,885)
At 31 December 2025	7	16,103	16,110

	Share capital £	Retained earnings £	Total £
At 1 January 2024	7	279,070	279,077
Loss for the year	-	(227,309)	(227,309)
Dividends	-	(33,773)	(33,773)
At 31 December 2024	7	17,988	17,995

G & G International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with terms of the contract.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

G & G International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment, Fixtures & Fitings	25% straight line
Motor vehicles	33.33% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

G & G International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
 Recognition and measurement
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in Profit or Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

G & G International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Equipment Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	16,309	3,088	19,397
At 31 December 2025	16,309	3,088	19,397
Depreciation
At 1 January 2025	12,848	1,458	14,306
Charge for the year	1,853	1,029	2,882
At 31 December 2025	14,701	2,487	17,188
Carrying amount
At 31 December 2025	1,608	601	2,209
At 31 December 2024	3,461	1,630	5,091

5

Debtors

Current	2025 £	2024 £
Trade debtors	-	15,000
Other debtors	251,426	197,883
	251,426	212,883

6	Current asset investments

	2025 £	2024 £
Other investments	2,063	2,078

G & G International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	143,080	142,124
Taxation and social security	1,800	-
Accruals and deferred income	4,706	2,879
Other creditors	103,228	79,016
	252,814	224,019

8	Related party transactions

Summary of transactions with other related parties

At the year end, the balance due to the shareholder was £96,893 (2024 - £74,993). The loan is interest free and repayable on demand.