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
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Directors |
G Wright |
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J Wright |
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Company number |
12372799 |
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Registered office |
20 Sunningdale Close |
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Stanmore |
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HA7 3QL |
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Accountants |
Passer & Co |
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20 Sunningdale Close |
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Stanmore |
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HA7 3QL |
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GMJ Properties (London) Ltd
Statement of financial position
31 December 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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4 |
66,129 |
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66,129 |
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_______ |
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_______ |
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66,129 |
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66,129 |
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Current assets |
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Cash at bank and in hand |
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615 |
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86 |
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_______ |
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_______ |
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615 |
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86 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
64,886) |
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(
65,305) |
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_______ |
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_______ |
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Net current liabilities |
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(
64,271) |
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(
65,219) |
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_______ |
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_______ |
Total assets less current liabilities |
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1,858 |
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910 |
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_______ |
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_______ |
Net assets |
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1,858 |
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910 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
Profit and loss account |
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1,856 |
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908 |
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_______ |
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_______ |
Shareholders funds |
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1,858 |
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910 |
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_______ |
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_______ |
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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:
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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;
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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
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 January 2022 |
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2 |
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1,307 |
1,309 |
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Profit for the year |
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1,601 |
1,601 |
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_______ |
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_______ |
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Total comprehensive income for the year |
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1,601 |
1,601 |
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Dividends paid and payable |
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(
2,000) |
(
2,000) |
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_______ |
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_______ |
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Total investments by and distributions to owners |
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- |
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(
2,000) |
(
2,000) |
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_______ |
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_______ |
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At 31 December 2022 and 1 January 2023 |
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2 |
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908 |
910 |
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Profit for the year |
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1,948 |
1,948 |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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1,948 |
1,948 |
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Dividends paid and payable |
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(
1,000) |
(
1,000) |
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_______ |
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_______ |
_______ |
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Total investments by and distributions to owners |
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- |
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(
1,000) |
(
1,000) |
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_______ |
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_______ |
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At 31 December 2023 |
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2 |
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1,856 |
1,858 |
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_______ |
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_______ |
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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
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Loans to group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
66,129 |
66,129 |
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_______ |
_______ |
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Impairment |
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At 1 January 2023 and 31 December 2023 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 December 2023 |
66,129 |
66,129 |
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_______ |
_______ |
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At 31 December 2022 |
66,129 |
66,129 |
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_______ |
_______ |
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5.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Corporation tax |
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457 |
376 |
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Other creditors |
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64,429 |
64,929 |
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_______ |
_______ |
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64,886 |
65,305 |
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_______ |
_______ |
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6.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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G Wright |
(
64,629) |
500 |
(
64,129) |
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_______ |
_______ |
_______ |
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2022 |
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Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
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£ |
£ |
£ |
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G Wright |
(
64,629) |
- |
(
64,629) |
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_______ |
_______ |
_______ |
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7.
Controlling party
The Company is controlled by its Directors by virtue of their majority share holding.