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Company registration number: 12372799
GMJ Properties (London) Ltd
Unaudited filleted financial statements
31 December 2023
GMJ Properties (London) Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
GMJ Properties (London) Ltd
Directors and other information
Directors G Wright
J Wright
Company number 12372799
Registered office 20 Sunningdale Close
Stanmore
HA7 3QL
Accountants Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
GMJ Properties (London) Ltd
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 4 66,129 66,129
_______ _______
66,129 66,129
Current assets
Cash at bank and in hand 615 86
_______ _______
615 86
Creditors: amounts falling due
within one year 5 ( 64,886) ( 65,305)
_______ _______
Net current liabilities ( 64,271) ( 65,219)
_______ _______
Total assets less current liabilities 1,858 910
_______ _______
Net assets 1,858 910
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,856 908
_______ _______
Shareholders funds 1,858 910
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2024 , and are signed on behalf of the board by:
G Wright
Director
Company registration number: 12372799
GMJ Properties (London) Ltd
Statement of changes in equity
Year ended 31 December 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2022 2 1,307 1,309
Profit for the year 1,601 1,601
_______ _______ _______
Total comprehensive income for the year - 1,601 1,601
Dividends paid and payable ( 2,000) ( 2,000)
_______ _______ _______
Total investments by and distributions to owners - ( 2,000) ( 2,000)
_______ _______ _______
At 31 December 2022 and 1 January 2023 2 908 910
Profit for the year 1,948 1,948
_______ _______ _______
Total comprehensive income for the year - 1,948 1,948
Dividends paid and payable ( 1,000) ( 1,000)
_______ _______ _______
Total investments by and distributions to owners - ( 1,000) ( 1,000)
_______ _______ _______
At 31 December 2023 2 1,856 1,858
_______ _______ _______
GMJ Properties (London) Ltd
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Sunningdale Close, Stanmore, HA7 3QL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
Loans to group undertakings and participating interests Total
£ £
Cost
At 1 January 2023 and 31 December 2023 66,129 66,129
_______ _______
Impairment
At 1 January 2023 and 31 December 2023 - -
_______ _______
Carrying amount
At 31 December 2023 66,129 66,129
_______ _______
At 31 December 2022 66,129 66,129
_______ _______
5. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 457 376
Other creditors 64,429 64,929
_______ _______
64,886 65,305
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
G Wright ( 64,629) 500 ( 64,129)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
G Wright ( 64,629) - ( 64,629)
_______ _______ _______
7. Controlling party
The Company is controlled by its Directors by virtue of their majority share holding.