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REGISTERED NUMBER: 05068770 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GJS HOLDINGS LIMITED

GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GJS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G Garozzo
J Garozzo
S Garozzo





SECRETARY: J Garozzo





REGISTERED OFFICE: 8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN





REGISTERED NUMBER: 05068770 (England and Wales)





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134 585
Investment property 5 1,460,000 1,309,000
1,460,134 1,309,585

CURRENT ASSETS
Debtors 6 366 324
Cash at bank 124,750 115,871
125,116 116,195
CREDITORS
Amounts falling due within one year 7 28,428 25,589
NET CURRENT ASSETS 96,688 90,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,556,822

1,400,191

PROVISIONS FOR LIABILITIES 157,766 129,076
NET ASSETS 1,399,056 1,271,115

CAPITAL AND RESERVES
Called up share capital 1,098 1,098
Fair value reserve 8 889,957 767,647
Retained earnings 508,001 502,370
SHAREHOLDERS' FUNDS 1,399,056 1,271,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:



G Garozzo - Director



J Garozzo - Director


GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Gjs Holdings 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 represents rent receivable from the company's properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 10,574 910 3,451 14,935
DEPRECIATION
At 1 April 2022 10,574 910 2,866 14,350
Charge for year - - 451 451
At 31 March 2023 10,574 910 3,317 14,801
NET BOOK VALUE
At 31 March 2023 - - 134 134
At 31 March 2022 - - 585 585

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,309,000
Revaluations 151,000
At 31 March 2023 1,460,000
NET BOOK VALUE
At 31 March 2023 1,460,000
At 31 March 2022 1,309,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2006 811,155
Valuation in 2009 (405,881 )
Valuation in 2013 50,000
Valuation in 2014 15,000
Valuation in 2017 149,000
Valuation in 2019 15,000
Valuation in 2021 549,726
Valuation in 2022 125,000
1,309,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 1,309,000
Revaluations 151,000
1,460,000

CLIENT SCREEN TOTAL = -


GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INVESTMENT PROPERTY - continued

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

31.3.23 31.3.22
£    £   
Cost 549,726 549,726

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 366 324

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 366 -
Taxation and social security 11,236 8,975
Other creditors 16,826 16,614
28,428 25,589

8. RESERVES
Fair
value
reserve
£   
At 1 April 2022 767,647
Revaluation of investment
properties 122,310

At 31 March 2023 889,957