Company Registration No. 01789944 (England and Wales)
General Guarantee Finance Limited
Unaudited accounts
for the year ended 31 March 2021
General Guarantee Finance Limited
Statement of financial position
as at 31 March 2021
Net current assets
100
100
Called up share capital
100
100
Shareholders' funds
100
100
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2022 and were signed on its behalf by
NG McConnell
Director
Company Registration No. 01789944
General Guarantee Finance Limited
Notes to the Accounts
for the year ended 31 March 2021
General Guarantee Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 01789944. The registered office is 1 Tumblewood Drive, Cheadle, Cheshire, SK8 1JZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared on a basis other than going concern, under the historical cost convention in accordance with FRS 102 and the requirements of the Companies Act 2006 as applicable to companies' subject to the small companies regime.
The disclosure requirements of section 1a of FRS 102 have been applied.
The accounts are presented in £ sterling.
Income statement and statement of comprehensive income
The company did not trade during the current or prior year and accordingly no income statement is presented. The company had no other income or charges in either the current or prior year and accordingly no statement of comprehensive income is presented.
No director received any remuneration in respect of their services to the company , either from the company or from other group undertakings, during the current or prior year.
Investments in group undertakings
At the date of these accounts the company holds the whole of the issued ordinary share capital of General Guarantee Corporation Unlimited and G.G.C. Leasing Limited, which are dormant companies and sharing a registered office of 1 Tumblewood Drive, Cheadle, Cheshire SK8 1JZ.
The value of these investments is £nil (cost £21,591,296 less historical impairment provision of £21,591,296).
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
5
Transactions with related parties
The company has had no transactions with related parties in either the current or prior year.
The company's immediate parent company, and controlling party, is General Guarantee Collections Limited registered office 1 Tumblewood Drive, Cheadle, Cheshire SK8 1JZ.
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
