Relate AccountsProduction v2.6.1 v2.6.1 2020-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company during the period was as property investment. 18 August 2022 1 1 11522146 2021-08-31 11522146 2020-08-31 11522146 2019-08-31 11522146 2020-09-01 2021-08-31 11522146 2019-09-01 2020-08-31 11522146 uk-bus:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31 11522146 uk-bus:AbridgedAccounts 2020-09-01 2021-08-31 11522146 uk-core:ShareCapital 2021-08-31 11522146 uk-core:ShareCapital 2020-08-31 11522146 uk-core:RetainedEarningsAccumulatedLosses 2021-08-31 11522146 uk-core:RetainedEarningsAccumulatedLosses 2020-08-31 11522146 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-08-31 11522146 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2020-08-31 11522146 uk-bus:FRS102 2020-09-01 2021-08-31 11522146 uk-core:CostValuation 2021-08-31 11522146 2020-09-01 2021-08-31 11522146 uk-bus:Director1 2020-09-01 2021-08-31 11522146 uk-bus:AuditExempt-NoAccountantsReport 2020-09-01 2021-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 11522146
 
 
Gershon Family Investment Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 August 2021
Gershon Family Investment Limited
Company Registration Number: 11522146
ABRIDGED BALANCE SHEET
as at 31 August 2021

2021 2020
Notes £ £
 
Fixed Assets
Investments 4 500 500
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Current Assets
Debtors 2,134,148 1,605,752
Cash at bank and in hand 19 183,775
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2,134,167 1,789,527
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Creditors: amounts falling due within one year (159,662) (77,932)
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Net Current Assets 1,974,505 1,711,595
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Total Assets less Current Liabilities 1,975,005 1,712,095
 
Creditors:
amounts falling due after more than one year (2,030,895) (1,741,675)
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Net Liabilities (55,890) (29,580)
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Capital and Reserves
Called up share capital 2,333 2,333
Retained earnings (58,223) (31,913)
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Equity attributable to owners of the company (55,890) (29,580)
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 18 August 2022 and signed on its behalf by
           
           
________________________________          
A Gershon          
Director          
           



Gershon Family Investment Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 August 2021

   
1. General Information
 
Gershon Family Investment Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is Handel House, 95  High Street, Edgware   HA8 7DB. The principal activity of the company during the period was as property investment. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 August 2021 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.
       
3. Employees
 
  2021 2020
  Number Number
 
Admin 1 1
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4. Investments
  Other
  investments
   
Investments £
Cost
 
At 31 August 2021 500
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Net book value
At 31 August 2021 500
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At 31 August 2020 500
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