Gama Global Advisors Limited - Abbreviated accounts

GAMA GLOBAL ADVISORS LIMITED - Company Information

Registered number

08610931

Gama Global Advisors Limited

Abbreviated Accounts

31 March 2016

Gama Global Advisors Limited
Registered number:		08610931
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Intangible assets	2		1,137,500			2,112,500
Tangible assets	3		71,353			4,648
			1,208,853			2,117,148

Current assets
Debtors		6,424,258			2,389,921
Cash at bank and in hand		254,460			206,960
		6,678,718			2,596,881

Creditors: amounts falling due within one year		(2,076,650)			(1,460,819)

Net current assets			4,602,068			1,136,062

Total assets less current liabilities			5,810,921			3,253,210

Creditors: amounts falling due after more than one year			(2,461,875)			(2,169,375)



Net assets			3,349,046			1,083,835

Capital and reserves
Called up share capital	4		1			1
Profit and loss account			3,349,045			1,083,834

Shareholder's funds			3,349,046			1,083,835

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



C Helain
Director
Approved by the board on 22 December 2016

Gama Global Advisors Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value of fees receivable.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

	Unsecured loan notes
	Unsecured loan notes are accounted for at cost, any discount provided on issue is unwound on a straight line basis.

2	Intangible fixed assets					£

	Cost
	At 1 April 2015					2,925,000
	At 31 March 2016					2,925,000

	Amortisation
	At 1 April 2015					812,500
	Provided during the year					975,000
	At 31 March 2016					1,787,500

	Net book value
	At 31 March 2016					1,137,500
	At 31 March 2015					2,112,500

	Goodwill is being written off in equal annual instalments over its estimated economic life of 3 years.


3	Tangible fixed assets					£

	Cost
	At 1 April 2015					6,197
	Additions					90,489
	At 31 March 2016					96,686

	Depreciation
	At 1 April 2015					1,549
	Charge for the year					23,784
	At 31 March 2016					25,333

	Net book value
	At 31 March 2016					71,353
	At 31 March 2015					4,648


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1


5	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	C Helain
	Directors loan account	-		2,681,676		-		2,681,676

		-		2,681,676		-		2,681,676