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REGISTERED NUMBER: 07867613 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

GJP ALEXANDRIA LIMITED

GJP ALEXANDRIA LIMITED (REGISTERED NUMBER: 07867613)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GJP ALEXANDRIA LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: R B Sodha
B C Sodha





REGISTERED OFFICE: 3rd Floor
Westbury House
23-25 Bridge Street
Pinner
Middlesex
HA5 3HR





REGISTERED NUMBER: 07867613 (England and Wales)





AUDITORS: Accumen Business Consultancy Limited
Coventry University
Technology Park
Puma Way
Coventry
CV1 2TT

GJP ALEXANDRIA LIMITED (REGISTERED NUMBER: 07867613)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,900,000 5,900,000

CURRENT ASSETS
Debtors 5 - 120
Cash at bank 1,106 5,737
1,106 5,857
CREDITORS
Amounts falling due within one year 6 4,041,856 4,294,243
NET CURRENT LIABILITIES (4,040,750 ) (4,288,386 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,859,250

1,611,614

PROVISIONS FOR LIABILITIES 7 324,655 308,102
NET ASSETS 1,534,595 1,303,512

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,534,495 1,303,412
SHAREHOLDERS' FUNDS 1,534,595 1,303,512

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 24 April 2024 and were signed on its behalf by:





B C Sodha - Director


GJP ALEXANDRIA LIMITED (REGISTERED NUMBER: 07867613)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023


1. STATUTORY INFORMATION

GJP Alexandria 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.

Critical accounting judgements and key sources of estimation uncertainty
The Company carries its investment property at fair value, with changes in fair value being recognised in profit or loss. The investment property is valued annually using a valuation technique based on a yield methodology, but taking into account the specific nature of the property and accepting that each property is unique and value can only ultimately be reliably tested in the market itself. The determined fair value of the investment property is most sensitive to the estimated yield.

The United Kingdom referendum vote to leave the European Union naturally introduces new uncertainties into an already challenging marketplace. At the signing date the Company had reviewed the opportunities and risks this brings while reviewing the going concern assumption which is judged to be unaffected despite the uncertainty in the United Kingdom economy.

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 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Rental income is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

GJP ALEXANDRIA LIMITED (REGISTERED NUMBER: 07867613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

GJP ALEXANDRIA LIMITED (REGISTERED NUMBER: 07867613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


2. ACCOUNTING POLICIES - continued

Going concern
These financial statements have been prepared on a going concern basis, notwithstanding the deficiency on net current assets, because of an undertaking from the shareholders to provide or procure sufficient funds to enable the Company remains in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2022
and 31 July 2023 5,900,000
NET BOOK VALUE
At 31 July 2023 5,900,000
At 31 July 2022 5,900,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 4,531 -
Amounts owed to group undertakings 4,032,734 4,284,521
Other creditors 4,591 9,722
4,041,856 4,294,243

7. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 324,655 308,102

GJP ALEXANDRIA LIMITED (REGISTERED NUMBER: 07867613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 308,102
Provided during year 16,553
Balance at 31 July 2023 324,655

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary Shares 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2022 1,303,412
Profit for the year 231,083
At 31 July 2023 1,534,495

Includes all current and prior period retained profits and losses.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tejinder Saran (Senior Statutory Auditor)
for and on behalf of Accumen Business Consultancy Limited

11. RELATED PARTY DISCLOSURES

The Ordinary Share Capital of the company was purchased by H&H Care Homes Limited, part of the Handsale Group.

At the year end the balance owed to its parent company, H&H Care Homes Limited, was £5,479,142 (2022: £5,282,213).

There were no other related party transactions in the period.

12. POST BALANCE SHEET EVENTS

There have been no significant events affecting the Company since the year end.

GJP ALEXANDRIA LIMITED (REGISTERED NUMBER: 07867613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023


13. ULTIMATE CONTROLLING PARTY

The controlling party is H&H Care Homes Limited.

The ultimate controlling party is Handsale Limited.