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REGISTERED NUMBER: 00898024 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

J GORDON (BUILDERS) LIMITED

J GORDON (BUILDERS) LIMITED (REGISTERED NUMBER: 00898024)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J GORDON (BUILDERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs K Brace
Mr S Brace



SECRETARY: Mrs K Brace



REGISTERED OFFICE: Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF



REGISTERED NUMBER: 00898024 (England and Wales)



ACCOUNTANTS: Stoten Gillam Limited
Chartered Accountants
Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF



BANKERS: National Westminister Bank PLC

J GORDON (BUILDERS) LIMITED (REGISTERED NUMBER: 00898024)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 19,580 25,589
Investments 4 10,359 9,197
Investment property 5 2,230,000 2,230,000
2,259,939 2,264,786

CURRENT ASSETS
Debtors 6 6,848 9,921
Prepayments and accrued income 1,248 1,068
Cash at bank 4,211 266
12,307 11,255
CREDITORS
Amounts falling due within one year 7 51,085 45,668
NET CURRENT LIABILITIES (38,778 ) (34,413 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,221,161

2,230,373

PROVISIONS FOR LIABILITIES (550,444 ) (551,656 )

ACCRUALS AND DEFERRED INCOME (1,662 ) (1,584 )
NET ASSETS 1,669,055 1,677,133

CAPITAL AND RESERVES
Called up share capital 610 610
Capital redemption reserve 390 390
Fair value reserve 8 1,653,570 1,653,570
Retained earnings 14,485 22,563
SHAREHOLDERS' FUNDS 1,669,055 1,677,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

J GORDON (BUILDERS) LIMITED (REGISTERED NUMBER: 00898024)

BALANCE SHEET - continued
30 JUNE 2024


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 6 August 2024 and were signed on its behalf by:





Mrs K Brace - Director


J GORDON (BUILDERS) LIMITED (REGISTERED NUMBER: 00898024)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. 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 - 25% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

J GORDON (BUILDERS) LIMITED (REGISTERED NUMBER: 00898024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 40,935
Additions 520
At 30 June 2024 41,455
DEPRECIATION
At 1 July 2023 15,346
Charge for year 6,529
At 30 June 2024 21,875
NET BOOK VALUE
At 30 June 2024 19,580
At 30 June 2023 25,589

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 9,197
Revaluations 1,484
Impairments (322 )
At 30 June 2024 10,359
NET BOOK VALUE
At 30 June 2024 10,359
At 30 June 2023 9,197

J GORDON (BUILDERS) LIMITED (REGISTERED NUMBER: 00898024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2017 8,170
Valuation in 2018 1,727
Valuation in 2019 (397 )
Valuation in 2020 (3,786 )
Valuation in 2021 387
Valuation in 2022 2,488
Valuation in 2023 608
Valuation in 2024 1,162
10,359

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,230,000
NET BOOK VALUE
At 30 June 2024 2,230,000
At 30 June 2023 2,230,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 1994 67,909
Valuation in 2000 719,370
Valuation in 2012 669,250
Valuation in 2018 630,000
Valuation in 2021 110,000
Cost 33,471
2,230,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 33,471 33,471

Investment properties were valued on an open market basis on 30 June 2024 by the directors .

J GORDON (BUILDERS) LIMITED (REGISTERED NUMBER: 00898024)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,648 9,921
Other debtors 200 -
6,848 9,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 23
Other creditors 51,085 45,645
51,085 45,668

8. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 1,653,570