Cross Gamma Limited - Accounts to registrar (filleted) - small 18.2

CROSS GAMMA LIMITED

REPORT OF THE DIRECTOR AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A G Stalker

REGISTERED OFFICE:

5 Gun House

122 Wapping High Street

London

E1W 2NL

REGISTERED NUMBER:

12206477 (England and Wales)

ACCOUNTANTS:

ADAMS MOORHOUSE LIMITED, Chartered Accountants

4 Churchill Court

58 Station Road

North Harrow

Middlesex

HA2 7ST

BANKERS:

Starling Bank

2 Finsbury Avenue

London

EC2M 2PP

FIXED ASSETS

Tangible assets

5

7,139

7,733

Investments

6

318,341

100,975

325,480

108,708

CURRENT ASSETS

Debtors

7

12,134

34,957

Cash at bank

1,783

12,757

13,917

47,714

CREDITORS

Amounts falling due within one year

8

148,407

33,671

NET CURRENT (LIABILITIES)/ASSETS

(134,490

)

14,043

TOTAL ASSETS LESS CURRENT LIABILITIES

190,990

122,751

PROVISIONS FOR LIABILITIES

9

4,643

1,653

NET ASSETS

186,347

121,098

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

13,531

781

Retained earnings

11

172,716

120,217

SHAREHOLDERS' FUNDS

186,347

121,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 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 director and authorised for issue on 30 June 2022 and were signed by:

A G Stalker - Director

1.	STATUTORY INFORMATION

Cross Gamma 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 October 2020

10,311

Additions

2,644

At 30 September 2021

12,955

Depreciation

At 1 October 2020

2,578

Charge for year

3,238

At 30 September 2021

5,816

Net book value

At 30 September 2021

7,139

At 30 September 2020

7,733

6.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost or valuation

At 1 October 2020

100,975

Additions

292,441

Disposals

(90,816

)

Revaluations

15,741

At 30 September 2021

318,341

Net book value

At 30 September 2021

318,341

At 30 September 2020

100,975

Cost or valuation at 30 September 2021 is represented by:

Other

investments

£

Valuation in 2020

965

Valuation in 2021

15,741

Cost

301,635

318,341

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2021

2020

£

£

Cost

301,635

100,010

Fixed asset investments were valued on an open market value basis on 30 September 2021 by the company's stockbrokers. .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

12,134

34,957

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

UK Corporation Tax

34,739

26,771

VAT

11,454

4,571

Directors' current accounts

100,915

1,389

Accrued expenses

1,299

940

148,407

33,671

9.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

4,643

1,653

Deferred

tax

£

Balance at 1 October 2020

1,653

Provided during year

2,990

Balance at 30 September 2021

4,643

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 October 2020

120,217

781

120,998

Profit for the year

152,499

152,499

Dividends

(100,000

)

(100,000

)

Revaluation of investments

-

12,750

12,750

At 30 September 2021

172,716

13,531

186,247

12.	CONTINGENT LIABILITIES

As far as the Board is aware, there were no contingent liabilities at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 were paid to the director .

14.	ULTIMATE CONTROLLING PARTY

The controlling party is A G Stalker.