GB1902001B LIMITED

GB1902001B LIMITED

GB1902001B LIMITED - Company Information

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GB1902001B LIMITED

Company Registration Number:
11807194 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2022

Period of accounts

Start date: 01 August 2021

End date: 31 July 2022

GB1902001B LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2022

Balance sheet
Notes

GB1902001B LIMITED

Balance sheet

As at 31 July 2022


Notes
2022
2021


£
£
Called up share capital not paid: 1 1
Current assets
Cash at bank and in hand: 123 954
Investments: 3 369,044 369,044
Total current assets: 369,167 369,998
Creditors: amounts falling due within one year: 4 (386,103) (376,705)
Net current assets (liabilities): (16,936) (6,707)
Total assets less current liabilities: (16,935) (6,706)
Total net assets (liabilities): (16,935) (6,706)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (16,936) (6,707)
Shareholders funds: (16,935) (6,706)

The notes form part of these financial statements

GB1902001B LIMITED

Balance sheet statements

For the year ending 31 July 2022 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 23 July 2023
and signed on behalf of the board by:

Name: R Modasia
Status: Director

The notes form part of these financial statements

GB1902001B LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2022

1. Accounting policies

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

GB1902001B LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2022

2. Employees

2022 2021
Average number of employees during the period 0 0

GB1902001B LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2022

3. Current investments

Current investments includes a secured loan extended to a borrower. In February 2022, the borrower of the loan was put into administration. The sale of the secured asset has extended beyond what was expected. As a result, the underlying loan has been assessed for recoverability and recognised in the balance sheet accordingly.

GB1902001B LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2022

4. Creditors: amounts falling due within one year note

Included within Creditors - amounts falling due within one year includes bonds issued by the Company at a discount of 8.50% to their nominal value of £100. The sale of the current investment secured asset has extended beyond what was expected and hence impacting the ability of the company in the redemption of the outstanding bonds. The bonds outstanding at year end have been recognised at its prior year-end price.