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REGISTERED NUMBER: 02401706 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JOHN GORE LIMITED

JOHN GORE LIMITED (REGISTERED NUMBER: 02401706)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN GORE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: J Gore





SECRETARY: R A Reed





REGISTERED OFFICE: 2 The Maltings
Portcullis Lane
Ludlow
SY8 1PZ





REGISTERED NUMBER: 02401706 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

JOHN GORE LIMITED (REGISTERED NUMBER: 02401706)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 15,296,526 15,296,526

CURRENT ASSETS
Debtors 5 373,766 333,600
Cash at bank 530,870 265,108
904,636 598,708
CREDITORS
Amounts falling due within one year 6 16,671,466 16,321,941
NET CURRENT LIABILITIES (15,766,830 ) (15,723,233 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(470,304

)

(426,707

)

PROVISIONS FOR LIABILITIES 8,283 -
NET LIABILITIES (478,587 ) (426,707 )

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings (478,590 ) (426,710 )
SHAREHOLDERS' FUNDS (478,587 ) (426,707 )

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 director acknowledges his 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.

JOHN GORE LIMITED (REGISTERED NUMBER: 02401706)

BALANCE SHEET - continued
31 March 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 director and authorised for issue on 28 November 2023 and were signed by:





J Gore - Director


JOHN GORE LIMITED (REGISTERED NUMBER: 02401706)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

John Gore 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.

The financial statements have been prepared on a going concern basis as John Gore, the Shareholder, has confirmed that he will continue to support the company, as required, for a period of at least 12 months and 1 day from the date of this report.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

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.

JOHN GORE LIMITED (REGISTERED NUMBER: 02401706)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments in subsidiaries
Investments are held at the lower of cost and net realisable value. Impairment reviews are undertaken annually and if required, investments are impaired to their net realisable value with a resultant charge to the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 15,296,526
NET BOOK VALUE
At 31 March 2023 15,296,526
At 31 March 2022 15,296,526

Investment in subsidiary which owns a residential property in London.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 373,766 71,276
Other debtors - 262,324
373,766 333,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 72,306
Other creditors & accruals 16,671,466 16,249,635
16,671,466 16,321,941

JOHN GORE LIMITED (REGISTERED NUMBER: 02401706)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
3 Ordinary 1 3 3

8. POST BALANCE SHEET EVENTS

After the balance sheet date, John Gore Limited acquired on October 26, 2023 a commercial property in London with an acquisition price of £4.5 million.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Gore.

10. SECURITIES NOTE

The company has the following charges outstanding or satisfied:

The company has created a fixed charge over deed of charge over credit balances in favour of Barclays Bank. This charge is currently outstanding.
The company has created a fixed and floating charge over the undertaking and all property and assets present and future all in favour of Morgan Guaranty Trust Company of New York. The charge is currently outstanding.

The company has assigned the policy and all moneys, bonuses, profits, additions and benefits already accrued or which may accrue in favour of Morgan Guaranty Trust Company of New York. The charge is currently outstanding.

The company has assigned all right title benefit and interest in and to the assigned contracts and all sums payable thereunder in favour of Morgan Guaranty Trust Company of New York. The charge is currently outstanding.

The company has assigned all right, title, benefit and interest into the assigned contracts and the charges account with all balances to its credit in favour of Barclays Bank PLC. The charge is currently outstanding.

The company has fixed and floating charges over the undertaking and all property and assets present and future all in favour of Barclays Bank PLC. The charge is currently outstanding.

The company has fixed and floating charges over the undertaking and all property and assets present and future in the favour of Barclays Bank PLC. The charge is currently outstanding.