GG-363-199 Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12964602 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

GG-363-199 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Oi Man Cheng

SECRETARY:

GetGround Secretary Limited

REGISTERED OFFICE:

1 Lyric Square

London

W6 0NB

REGISTERED NUMBER:

12964602 (England and Wales)

FIXED ASSETS

Investment property

4

152,000

128,000

CURRENT ASSETS

Debtors

5

34

22

Cash at bank

63

3,950

97

3,972

CREDITORS

Amounts falling due within one year

6

119,438

130,121

NET CURRENT LIABILITIES

(119,341

)

(126,149

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,659

1,851

PROVISIONS FOR LIABILITIES

5,119

-

NET ASSETS

27,540

1,851

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

21,823

-

Retained earnings

5,617

1,751

27,540

1,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 2 September 2023 and were signed by:

Oi Man Cheng - Director

1.	STATUTORY INFORMATION

GG-363-199 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

128,000

Disposals

(2,942

)

Revaluations

26,942

At 31 December 2022

152,000

NET BOOK VALUE

At 31 December 2022

152,000

At 31 December 2021

128,000

Fair value at 31 December 2022 is represented by:

£

Valuation in 2022

26,942

Cost

125,058

152,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Prepayments

34

22

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Tax

907

551

Directors' current accounts

118,531

129,046

Accruals and deferred income

-

524

119,438

130,121

7.

RESERVES

Fair

value

reserve

£

Revaluation in year

26,942

Reserve transfer

(5,119

)

At 31 December 2022

21,823

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Oi Man Cheng.