GIEMGI RESEARCH LIMITED - Period Ending 2024-01-31
GIEMGI RESEARCH LIMITED - Period Ending 2024-01-31
Registration number:
GIEMGI RESEARCH LIMITED
for the Period from 1 December 2022 to 31 January 2024
GIEMGI RESEARCH LIMITED
Contents
Company Information |
|
Director's Report |
|
Profit and Loss Account |
|
Statement of Comprehensive Income |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Unaudited Financial Statements |
GIEMGI RESEARCH LIMITED
Company Information
Director |
Mr Oleksandr Cherkashyn |
Registered office |
|
Accountants |
|
GIEMGI RESEARCH LIMITED
Director's Report for the Period from 1 December 2022 to 31 January 2024
The director presents his report and the financial statements for the period from 1 December 2022 to 31 January 2024.
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is that of operating through a branch in Switzerland. The Branch ceased its activity during 2021. The company ceased trading on 31 January 2024.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
GIEMGI RESEARCH LIMITED
Profit and Loss Account for the Period from 1 December 2022 to 31 January 2024
Note |
2024 |
2022 |
|
Turnover |
- |
- |
|
Gross profit/(loss) |
- |
- |
|
Administrative expenses |
( |
( |
|
Operating loss |
(23,266) |
(9,989) |
|
Other interest receivable and similar income |
|
- |
|
Interest payable and similar expenses |
( |
( |
|
(27,045) |
(88,253) |
||
Loss before tax |
( |
( |
|
Loss for the financial period |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
GIEMGI RESEARCH LIMITED
Statement of Comprehensive Income for the Period from 1 December 2022 to 31 January 2024
2024 |
2022 |
|
Loss for the period |
( |
( |
Total comprehensive income for the period |
( |
( |
GIEMGI RESEARCH LIMITED
(Registration number: 07851469)
Balance Sheet as at 31 January 2024
Note |
2024 |
2022 |
|
Current assets |
|||
Debtors |
- |
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
- |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
15,167 |
15,167 |
|
Retained earnings |
(15,166) |
818,917 |
|
Shareholders' funds |
1 |
834,084 |
For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
GIEMGI RESEARCH LIMITED
Statement of Changes in Equity for the Period from 1 December 2022 to 31 January 2024
Share capital |
Profit and loss account |
Total |
|
At 1 December 2022 |
|
|
|
Loss for the period |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
Dividends |
- |
( |
( |
At 31 January 2024 |
|
( |
|
Share capital |
Retained earnings |
Total |
|
At 1 December 2021 |
|
|
|
Loss for the period |
- |
( |
( |
At 30 November 2022 |
|
|
|
GIEMGI RESEARCH LIMITED
Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 January 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
GIEMGI RESEARCH LIMITED
Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 January 2024
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Debtors |
Current |
2024 |
2022 |
Prepayments |
- |
|
GIEMGI RESEARCH LIMITED
Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 January 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2022 |
|
Due within one year |
||
Accruals and deferred income |
- |
|
Other creditors |
- |
|
- |
|
Creditors: amounts falling due after more than one year
2024 |
2022 |
|
Due after one year |
||
Other non-current financial liabilities |
- |
|
Share capital |
Allotted, called up and fully paid shares
2024 |
2022 |
|||
No. |
CHF |
No. |
CHF |
|
|
|
15,100 |
|
15,100 |
Dividends |
2024 |
2022 |
|||
CHF |
CHF |
|||
Final dividend of CHF |
783,772 |
- |
||
Interim dividend of CHFNil (2022 - CHFNil) per ordinary share |
- |
- |
||
783,772 |
- |
|||
Related party transactions |
Loans from related parties
GIEMGI RESEARCH LIMITED
Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 January 2024
2024 |
Other related parties |
Total |
At start of period |
|
|
Repaid |
( |
( |
At end of period |
- |
- |
|
2022 |
Other related parties |
Total |
At start of period |
|
|
Repaid |
( |
( |
At end of period |
|
|
|
Terms of loans from related parties