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REGISTERED NUMBER: 05663073 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Gaufron Investments Limited

Gaufron Investments Limited (Registered number: 05663073)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Gaufron Investments Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: P A Rowlands





REGISTERED OFFICE: Lower Gaufron Farm
Howey
Llandrindod Wells
Powys
LD1 5RG





REGISTERED NUMBER: 05663073 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

Gaufron Investments Limited (Registered number: 05663073)

Abridged Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Investments 5 182 182
Investment property 6 6,866,319 7,019,731
6,866,501 7,019,913

CURRENT ASSETS
Debtors 7 165,737 641,868
Cash at bank 109,758 162,248
275,495 804,116
CREDITORS
Amounts falling due within one year (262,363 ) (213,613 )
NET CURRENT ASSETS 13,132 590,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,879,633

7,610,416

CREDITORS
Amounts falling due after more than one
year

8

(970,780

)

(2,349,059

)

PROVISIONS FOR LIABILITIES (307,307 ) (307,307 )

ACCRUALS AND DEFERRED INCOME (402,703 ) (413,878 )
NET ASSETS 5,198,843 4,540,172

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 5,198,841 4,540,170
SHAREHOLDERS' FUNDS 5,198,843 4,540,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Gaufron Investments Limited (Registered number: 05663073)

Abridged Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2022 and were signed by:





P A Rowlands - Director


Gaufron Investments Limited (Registered number: 05663073)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Gaufron Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Gaufron Investments Limited (Registered number: 05663073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2021
and 31 December 2021 182
NET BOOK VALUE
At 31 December 2021 182
At 31 December 2020 182

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 7,019,731
Disposals (153,412 )
At 31 December 2021 6,866,319
NET BOOK VALUE
At 31 December 2021 6,866,319
At 31 December 2020 7,019,731

The investment property was valued on 31 December 2021 by M Hall BSc using knowledge of current market conditions and valuations in similar geographical areas.

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other debtors 152,790 633,704

Gaufron Investments Limited (Registered number: 05663073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2021 2020
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 213,209 311,050

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 651,987 726,014

Promontoria (Oak) Limited hold the freehold first legal charge of various properties owned by Gaufron Investments Limited.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 Ordinary £1 2 2

Gaufron Investments Limited (Registered number: 05663073)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


11. RESERVES
Retained
earnings
£   

At 1 January 2021 4,540,170
Profit for the year 658,671
At 31 December 2021 5,198,841

20212020
££
Distributable profit
Distributable profit b/fwd3,226,0302,680,170
Distributable profit for the year658,671545,860
Deferred tax movement on investment property--
3,884,7013,226,030


Non-distributable profit
Revaluation on investment property1,314,1401,314,140
Deferred tax movement on investment property--
1,314,1401,314,140

5,198,8414,540,170


12. RELATED PARTY DISCLOSURES

Mr P A Rowlands, a director, has provided a loan to the company. At the year end the company owed £397,069 (2020 - £1,697,069).