Company registration number 14516277 (England and Wales)
Gershon Family Investment Group Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Pages For Filing With Registrar
Pinnick Lewis LLP
Chartered Certified Accountants
Handel House
95 High Street
Edgware
HA8 7DB
Gershon Family Investment Group Limited
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
Gershon Family Investment Group Limited
BALANCE SHEET
As At 30 November 2023
- 1 -
2023
Notes
£
£
Current assets
Debtors
3
225,929
Cash at bank and in hand
342
226,271
Creditors: amounts falling due within one year
4
(228,339)
Net current liabilities
(2,068)
Capital and reserves
Called up share capital
140
Profit and loss reserves
(2,208)
Total equity
(2,068)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 August 2024 and are signed on its behalf by:
Mr A H Gershon
Director
Company registration number 14516277 (England and Wales)
Gershon Family Investment Group Limited
STATEMENT OF CHANGES IN EQUITY
For The Year Ended 30 November 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 December 2022
-
Year ended 30 November 2023:
Loss and total comprehensive income
-
(2,208)
(2,208)
Issue of share capital
140
-
140
Balance at 30 November 2023
140
(2,208)
(2,068)
Gershon Family Investment Group Limited
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023
- 3 -
1
Accounting policies
Company information
Gershon Family Investment Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Handel House, 95 High Street, Edgware, Middlesex, HA8 7DB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
These financial statements for the year ended 30 November 2023 are the first financial statements of Gershon Family Investment Group Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was . The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
Number
Total
1
Gershon Family Investment Group Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 November 2023
- 4 -
3
Debtors
2023
Amounts falling due within one year:
£
Other debtors
225,929
4
Creditors: amounts falling due within one year
2023
£
Other creditors
228,339
5
Related party transactions
Balances with related parties
Amounts owed by
Amounts owed to
related parties
related parties
2023
2023
£
£
Bellvue Ltd
17,550
BIF Investments LLP
2,500
BIF Properties (UK) Ltd
1,500
DASJ Investments Ltd
194,729
Greengate Partnership LLP
54,996
Maddison Spector Management Ltd
9,650
The Dant Patnership
57,775