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REGISTERED NUMBER: 10289428 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2023

for

G & F Property Enterprises Limited

G & F Property Enterprises Limited (Registered number: 10289428)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & F Property Enterprises Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G I Edmunds
Ms F Treacher-Morley





REGISTERED OFFICE: 122 Feering Hill
Feering
Colchester
Essex
CO5 9PY





REGISTERED NUMBER: 10289428 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

G & F Property Enterprises Limited (Registered number: 10289428)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 749 1,157
Investment property 5 333,000 328,500
333,749 329,657

CURRENT ASSETS
Cash at bank 4,431 7,522

CREDITORS
Amounts falling due within one year 6 121,187 121,866
NET CURRENT LIABILITIES (116,756 ) (114,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,993

215,313

CREDITORS
Amounts falling due after more than one
year

7

(160,000

)

(160,000

)

PROVISIONS FOR LIABILITIES (12,380 ) (8,631 )
NET ASSETS 44,613 46,682

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 39,234 35,859
Retained earnings 5,377 10,821
44,613 46,682

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

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

G & F Property Enterprises Limited (Registered number: 10289428)

Balance Sheet - continued
31 July 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 4 March 2024 and were signed on its behalf by:





G I Edmunds - Director


G & F Property Enterprises Limited (Registered number: 10289428)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

G & F Property Enterprises 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - Straight line over 3 years

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).

G & F Property Enterprises Limited (Registered number: 10289428)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 1,969
DEPRECIATION
At 1 August 2022 812
Charge for year 408
At 31 July 2023 1,220
NET BOOK VALUE
At 31 July 2023 749
At 31 July 2022 1,157

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 328,500
Revaluations 4,500
At 31 July 2023 333,000
NET BOOK VALUE
At 31 July 2023 333,000
At 31 July 2022 328,500

The investment property has been valued by the directors annually.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 0 284,230
Valuation in 2022 44,270
Valuation in 2023 4,500
333,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 1,020
Taxation and social security 1,065 1,037
Other creditors 120,122 119,809
121,187 121,866

G & F Property Enterprises Limited (Registered number: 10289428)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 160,000 160,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 160,000 160,000

8. RESERVES
Revaluation
reserve
£   
At 1 August 2022 35,859
Other Reserve 4,500
Deferred Tax (1,125 )

At 31 July 2023 39,234

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the director F.Treacher-Morley £57,154 (2022 - £56,999) and G Edmunds £61,892 (2022- £61,736) in respect of their loan account. These loans are interest free and repayable on demand.