Gem Licensing Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06923279 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

GEM LICENSING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Certified Accountants' Report

4

DIRECTOR:

S L Albanese

REGISTERED OFFICE:

c/o A W Associates

Room 223a, Regus Building

Wellington Way

Weybridge

Surrey

KT13 0TT

REGISTERED NUMBER:

06923279 (England and Wales)

ACCOUNTANTS:

A W Associates

Regus Building

Wellington Way

Brooklands Business Park

Weybridge

Surrey

KT13 0TT

FIXED ASSETS

Tangible assets

3

14,209

14,754

CREDITORS

Amounts falling due within one year

4

315,493

294,139

NET CURRENT LIABILITIES

(315,493

)

(294,139

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(301,284

)

(279,385

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(301,285

)

(279,386

)

SHAREHOLDERS' FUNDS

(301,284

)

(279,385

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 March 2019 and were signed by:

S L Albanese - Director

1.	STATUTORY INFORMATION

Gem Licensing 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

51,672

Additions

4,191

At 30 June 2018

55,863

DEPRECIATION

At 1 July 2017

36,918

Charge for year

4,736

At 30 June 2018

41,654

NET BOOK VALUE

At 30 June 2018

14,209

At 30 June 2017

14,754

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

315,493

294,139

5.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Gem Licensing Ltd for the year ended 30 June 2018

which comprise the Income Statement, Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Gem Licensing Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gem Licensing Ltd and state those matters that we have agreed to state to the director of Gem Licensing Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gem Licensing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gem Licensing Ltd. You consider that Gem Licensing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gem Licensing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A W Associates

Regus Building

Wellington Way

Brooklands Business Park

Weybridge

Surrey

KT13 0TT

28 March 2019