Registered number
08860967
Gjurra Investments Limited
Filleted Accounts
31 January 2023
Gjurra Investments Limited
Registered number: 08860967
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,916,844 1,920,169
Current assets
Debtors 4 57,198 21,421
Cash at bank and in hand 72,725 56,872
129,923 78,293
Creditors: amounts falling due within one year 5 (186,161) (144,675)
Net current liabilities (56,238) (66,382)
Total assets less current liabilities 1,860,606 1,853,787
Creditors: amounts falling due after more than one year 6 (1,446,175) (1,446,175)
Provisions for liabilities (79,065) (79,065)
Net assets 335,366 328,547
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 337,067 337,067
Profit and loss account (1,702) (8,521)
Shareholder's funds 335,366 328,547
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Martyna Gjurra
Director
Approved by the board on 19 October 2023
Gjurra Investments Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Fixtures, ftiings & equipment Total
£ £ £
Cost
At 1 February 2022 1,898,005 27,346 1,925,351
At 31 January 2023 1,898,005 27,346 1,925,351
Depreciation
At 1 February 2022 - 5,182 5,182
Charge for the year - 3,325 3,325
At 31 January 2023 - 8,507 8,507
Net book value
At 31 January 2023 1,898,005 18,839 1,916,844
At 31 January 2022 1,898,005 22,164 1,920,169
4 Debtors 2023 2022
£ £
Trade debtors 57,198 17,212
Other debtors - 4,209
57,198 21,421
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to associated companies 40,485 10,980
Taxation and social security costs - 1,123
Other creditors 145,676 132,572
186,161 144,675
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,446,175 1,446,175
7 Fair value reserve 2023 2022
£ £
At 1 February 2022 337,067 337,067
At 31 January 2023 337,067 337,067
8 Other information
Gjurra Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
57 Mount Park Avenue
South Croydon
CR2 6DW
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