GG-862-220 Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12199532 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

GG-862-220 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Benson Saw

Jo Ean Ho

SECRETARY:

GetGround Secretary Limited

REGISTERED OFFICE:

1 Lyric Square

London

W6 0NB

REGISTERED NUMBER:

12199532 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,206

3,224

Investment property

5

225,000

219,110

227,206

222,334

CURRENT ASSETS

Debtors

6

289

607

Cash at bank

9,983

7,363

10,272

7,970

CREDITORS

Amounts falling due within one year

7

226,552

229,438

NET CURRENT LIABILITIES

(216,280

)

(221,468

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,926

866

PROVISIONS FOR LIABILITIES

1,538

613

NET ASSETS

9,388

253

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

4,771

-

Retained earnings

4,517

153

9,388

253

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 directors acknowledge their 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 Board of Directors and authorised for issue on 30 August 2023 and were signed on its behalf by:

Benson Saw - Director

Jo Ean Ho - Director

1.	STATUTORY INFORMATION

GG-862-220 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

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.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2022

and 31 December 2022

4,073

DEPRECIATION

At 1 January 2022

849

Charge for year

1,018

At 31 December 2022

1,867

NET BOOK VALUE

At 31 December 2022

2,206

At 31 December 2021

3,224

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

219,110

Revaluations

5,890

At 31 December 2022

225,000

NET BOOK VALUE

At 31 December 2022

225,000

At 31 December 2021

219,110

Fair value at 31 December 2022 is represented by:

£

Valuation in 2022

5,890

Cost

219,110

225,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

15

200

Prepayments

274

407

289

607

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Tax

781

-

Other creditors

541

-

Directors' current accounts

225,204

225,204

Accruals and deferred income

26

4,234

226,552

229,438

8.

RESERVES

Fair

value

reserve

£

Revaluation in year

5,890

Reserve transfer

(1,119

)

At 31 December 2022

4,771

9.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.