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REGISTERED NUMBER: 00800070 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

G MONEY & SONS LIMITED

G MONEY & SONS LIMITED (REGISTERED NUMBER: 00800070)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G MONEY & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mrs S C Lalor
Dr A J M Lalor





SECRETARY: Mrs S C Lalor





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 00800070 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

G MONEY & SONS LIMITED (REGISTERED NUMBER: 00800070)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,259,341 4,279,761
Investments 5 102 102
Investment property 6 1,318,000 1,318,000
5,577,443 5,597,863

CURRENT ASSETS
Stocks 69,078 52,595
Debtors 7 73,613 22,110
Cash at bank 592,381 672,211
735,072 746,916
CREDITORS
Amounts falling due within one year 8 29,488 31,599
NET CURRENT ASSETS 705,584 715,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,283,027

6,313,180

CAPITAL AND RESERVES
Called up share capital 1,108 1,108
Revaluation reserve 9 1,212,350 1,217,331
Capital redemption reserve 9 742 742
Retained earnings 9 5,068,827 5,093,999
SHAREHOLDERS' FUNDS 6,283,027 6,313,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

G MONEY & SONS LIMITED (REGISTERED NUMBER: 00800070)

BALANCE SHEET - continued
31 MARCH 2022


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 and authorised for issue by the Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by:





Mrs S C Lalor - Director


G MONEY & SONS LIMITED (REGISTERED NUMBER: 00800070)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

G Money & Sons 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.

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 the amount derived from ordinary activities and stated after taxes and net of Value Added Tax. The harvest is weighed and graded on delivery, at which point its value can be determined. This is the point turnover is recognised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.

Investment property is carried at fair value determined annually by the directors using information available to them unless an external valuation has been provided during the financial period. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Investments
Investments in unlisted company shares, which have been classified as fixed asset investments as the company intends to hold them on a continuing basis, are remeasured to market value at each balance sheet date where a reliable market valuation can be obtained. Where a reliable market value cannot be established investments in unlisted company shares are measured at cost less accumulated impairment. Gains and losses on remeasurement are recognised in profit or loss for the period.

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is determined on an average cost basis by volume. Net realisable value is the estimated proceeds from the sale of stock on an open market basis.

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.


G MONEY & SONS LIMITED (REGISTERED NUMBER: 00800070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2021 4,380,054 143,370 4,523,424
Additions - 599 599
Disposals - (950 ) (950 )
At 31 March 2022 4,380,054 143,019 4,523,073
DEPRECIATION
At 1 April 2021 148,969 94,694 243,663
Charge for year 12,789 8,230 21,019
Eliminated on disposal - (950 ) (950 )
At 31 March 2022 161,758 101,974 263,732
NET BOOK VALUE
At 31 March 2022 4,218,296 41,045 4,259,341
At 31 March 2021 4,231,085 48,676 4,279,761

Included in cost or valuation of land and buildings is freehold land of £ 3,740,699 (2021 - £ 3,740,699 ) which is not depreciated.

G MONEY & SONS LIMITED (REGISTERED NUMBER: 00800070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2022 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1999 4,851 - 4,851
Valuation in 2008 148,288 - 148,288
Valuation in 2010 660,470 - 660,470
Valuation in 2011 (291,675 ) - (291,675 )
Cost 3,858,120 143,019 4,001,139
4,380,054 143,019 4,523,073

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.22 31.3.21
£    £   
Cost 3,858,120 3,858,120
Aggregate depreciation 96,200 88,393

Value of land in freehold land and buildings 3,467,862 3,467,862

Freehold land and buildings were valued on an open market basis on 31 March 2011 by Jackson-Stops & Staff .

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.22 31.3.21
£    £   
Chichester Grain Store 1 1
Chichester Group Consultancy 101 101
102 102

The directors have included fixed asset investments at cost as there is no open market for these investments. The directors considers that there was no permanent diminution in value during the year ended 31 March 2022.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 1,318,000
NET BOOK VALUE
At 31 March 2022 1,318,000
At 31 March 2021 1,318,000

G MONEY & SONS LIMITED (REGISTERED NUMBER: 00800070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2009 573,066
Valuation in 2010 (131,828 )
Valuation in 2012 (124,000 )
Valuation in 2014 83,000
Valuation in 2016 98,000
Valuation in 2019 21,000
Cost 798,762
1,318,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.22 31.3.21
£    £   
Cost 798,762 798,762

Investment properties were valued on an open market basis on 31 March 2022 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 71,776 19,790
Other debtors 1,837 2,320
73,613 22,110

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 15,837 18,644
Taxation and social security 3,843 3,222
Other creditors 9,808 9,733
29,488 31,599

9. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2021 5,093,999 1,217,331 742 6,312,072
Deficit for the year (30,153 ) - - (30,153 )
Excess depreciation on revalued
assets

4,981

(4,981

)

-

-

At 31 March 2022 5,068,827 1,212,350 742 6,281,919

G MONEY & SONS LIMITED (REGISTERED NUMBER: 00800070)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

10. RELATED PARTY DISCLOSURES

Aggregate amounts owed to the directors £1,339 (31.3.21: £1,339).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S C Lalor.