REGISTERED NUMBER: 05845749 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2012

for

G A K Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G S Kharaud

REGISTERED OFFICE:

Office 17 Hampden House

Monument Park

Chalgrove

Oxfordshire

OX44 7RW

REGISTERED NUMBER:

05845749 (England and Wales)

ACCOUNTANTS:

Campbell Accountancy Limited

Chartered Certified Accountants

Office 17 Hampden House

Monument Park

Chalgrove

Oxfordshire

OX44 7RW

FIXED ASSETS

Tangible assets

2

1,264,185

1,262,640

CURRENT ASSETS

Debtors

194,840

189,340

Cash at bank

-

2,230

194,840

191,570

CREDITORS

Amounts falling due within one year

(178,827

)

(194,294

)

NET CURRENT ASSETS/(LIABILITIES)

16,013

(2,724

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,280,198

1,259,916

CREDITORS

Amounts falling due after more than one year

3

(1,476,750

)

(1,448,237

)

NET LIABILITIES

(196,552

)

(188,321

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(196,554

)

(188,323

)

SHAREHOLDERS' FUNDS

(196,552

)

(188,321

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2012 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 August 2013 and were signed by:

G S Kharaud - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements are prepared on a going concern basis despite the fact that the company has net

liabilities. The directors are confident that the with the on-going support of the company's shareholders and

creditors it will be able to return to solvency once the property development has been completed.

Tangible fixed assets

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

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2011

1,262,640

Additions

1,545

At 30 November 2012

1,264,185

NET BOOK VALUE

At 30 November 2012

1,264,185

At 30 November 2011

1,262,640

3.

CREDITORS

Creditors include an amount of £ 1,176,750 (2011 - £ 1,148,237 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2012

2011

value:

£

£

2

Ordinary

£1

2

2