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REGISTERED NUMBER: SC249153 (Scotland)















Financial Statements for the Year Ended 31 March 2023

for

GFR Investments Ltd.

GFR Investments Ltd. (Registered number: SC249153)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GFR Investments Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G A Robertson
F. Robertson



SECRETARY: G A Robertson



REGISTERED OFFICE: 15 Fishers Green
Stirling
FK9 4PU



REGISTERED NUMBER: SC249153 (Scotland)



ACCOUNTANTS: GHG Smyth & Co. Limited
Mid Clevans
Clevans Road
Bridge of Weir
Renfrewshire
PA11 3HP



BANKERS: Clydesdale Bank PLC
56 Murray Place
Stirling
FK8 2BX



SOLICITORS: Kerr Stirling LLP
10 Albert Place
Stirling
FK8 2QL

GFR Investments Ltd. (Registered number: SC249153)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 270,000 270,000
270,001 270,001

CURRENT ASSETS
Debtors 7,703 14,169
Cash at bank 23,290 6,735
30,993 20,904
CREDITORS
Amounts falling due within one year 51,118 33,724
NET CURRENT LIABILITIES (20,125 ) (12,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,876

257,181

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 249,776 257,081
SHAREHOLDERS' FUNDS 249,876 257,181

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 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.

GFR Investments Ltd. (Registered number: SC249153)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2023 and were signed on its behalf by:




G A Robertson - Director



F. Robertson - Director


GFR Investments Ltd. (Registered number: SC249153)

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

1. STATUTORY INFORMATION

GFR Investments Ltd. is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Rental income
Rental income is credited to the profit and loss account when received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

GFR Investments Ltd. (Registered number: SC249153)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 52,122
DEPRECIATION
At 1 April 2022
and 31 March 2023 52,121
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 270,000
NET BOOK VALUE
At 31 March 2023 270,000
At 31 March 2022 270,000

The director considers the valuation at the company's year end to be an adequate reflection of its fair value.

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year - 26,000

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A Robertson.