GB1805001B LIMITED

GB1805001B LIMITED

GB1805001B LIMITED - Company Information

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GB1805001B LIMITED

Company Registration Number:
11390026 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

GB1805001B LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

GB1805001B LIMITED

Balance sheet

As at 30 November 2021


Notes
2021
2020


£
£
Current assets
Debtors:   1 1
Cash at bank and in hand: 2,749 13,885
Investments: 3 420,818 420,818
Total current assets: 423,568 434,704
Creditors: amounts falling due within one year: 4 (434,786) (433,403)
Net current assets (liabilities): (11,218) 1,301
Total assets less current liabilities: (11,218) 1,301
Total net assets (liabilities): (11,218) 1,301
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (11,219) 1,300
Shareholders funds: (11,218) 1,301

The notes form part of these financial statements

GB1805001B LIMITED

Balance sheet statements

For the year ending 30 November 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 November 2022
and signed on behalf of the board by:

Name: R Modasia
Status: Director

The notes form part of these financial statements

GB1805001B LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

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

GB1805001B LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

GB1805001B LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Current investments

Current investments includes a secured loan extended to a borrower. In November 2020, the borrower of this loan was put into administration. The sale of the secured asset extended beyond what was expected and as such the administrator does not envisage full recovery under the secured loan.

GB1805001B LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Creditors: amounts falling due within one year note

Included within Creditors - amounts falling due within one year are bonds issued by the Company at a discount of 18.50% to their nominal value of £100. The sale of the current investment secured asset extended beyond what was expected and as such the administrator does not envisage full recovery under this secured loan and hence impacting the ability of the company in the redemption of the outstanding bonds.

GB1805001B LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Post balance sheet events

A secured loan was extended to a borrower, by GB1805001B Limited. In November 2020, the borrower of this loan was put into administration. The sale of the secured asset extended beyond what was expected and as such the administrator does not envisage full recovery under the secured loan.