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REGISTERED NUMBER: 01630513 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Great James Holdings Limited

Great James Holdings Limited (Registered number: 01630513)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Great James Holdings Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: R G S Bound
Ms P K Harrison
Ms K L Berridge
Ms L C Bound





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 01630513 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Great James Holdings Limited (Registered number: 01630513)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 20 27
Investments 6 487,661 493,455
Investment property 7 2,950,000 2,950,000
3,437,681 3,443,482

CURRENT ASSETS
Cash at bank and in hand 43,024 53,212

CREDITORS
Amounts falling due within one year 8 50,909 51,785
NET CURRENT (LIABILITIES)/ASSETS (7,885 ) 1,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,429,796

3,444,909

PROVISIONS FOR LIABILITIES 34,317 34,317
NET ASSETS 3,395,479 3,410,592

CAPITAL AND RESERVES
Called up share capital 9 15,000 15,000
Share premium 10 340,510 340,510
Fair value reserve 10 1,900,885 1,900,885
Retained earnings 10 1,139,084 1,154,197
SHAREHOLDERS' FUNDS 3,395,479 3,410,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Great James Holdings Limited (Registered number: 01630513)

Balance Sheet - continued
30 April 2023


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 1 February 2024 and were signed on its behalf by:





R G S Bound - Director


Great James Holdings Limited (Registered number: 01630513)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Great James 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the recognition of certain financial assets and liabilities measured at fair value.

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

Turnover represents rents receivable.

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

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.


Great James Holdings Limited (Registered number: 01630513)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

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 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 30 April 2023 2,447
DEPRECIATION
At 1 May 2022 2,420
Charge for year 7
At 30 April 2023 2,427
NET BOOK VALUE
At 30 April 2023 20
At 30 April 2022 27

Great James Holdings Limited (Registered number: 01630513)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 May 2022 493,455
Additions 43,430
Disposals (46,148 )
Share of profit/(loss) (3,757 )
Impairments (2,615 )
Dividends received 3,296
At 30 April 2023 487,661
NET BOOK VALUE
At 30 April 2023 487,661
At 30 April 2022 493,455

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 2,950,000
NET BOOK VALUE
At 30 April 2023 2,950,000
At 30 April 2022 2,950,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2014 2,000,000
Valuation in 2016 800,000
Valuation in 2022 150,000
2,950,000

If the freehold property had not been revalued it would have been included at the following historical cost:

30.4.23 30.4.22
£    £   
Cost 1,014,798 1,014,798

The investment property was valued on an open market basis on 27 January 2023 by Aitchison Raffety Chartered Surveyors .

The director considers there to be no material difference between the valuation at 30 April 2023 and that shown above.

Great James Holdings Limited (Registered number: 01630513)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 25,957 26,893
Other creditors 24,952 24,892
50,909 51,785

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
15,000 Ordinary £1 15,000 15,000

10. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 May 2022 1,154,197 340,510 1,900,885 3,395,592
Profit for the year 104,887 104,887
Dividends (120,000 ) (120,000 )
At 30 April 2023 1,139,084 340,510 1,900,885 3,380,479

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 (2022 - £120,000) were paid to the directors .