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REGISTERED NUMBER: 05068770 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GJS HOLDINGS LIMITED

GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GJS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G Garozzo
J Garozzo
S Garozzo





SECRETARY: J Garozzo





REGISTERED OFFICE: 8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN





REGISTERED NUMBER: 05068770 (England and Wales)





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 323 134
Investment property 5 1,810,000 1,460,000
1,810,323 1,460,134

CURRENT ASSETS
Debtors 6 14,292 366
Cash at bank 137,436 124,750
151,728 125,116
CREDITORS
Amounts falling due within one year 7 (37,512 ) (28,428 )
NET CURRENT ASSETS 114,216 96,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,924,539

1,556,822

PROVISIONS FOR LIABILITIES (245,266 ) (157,766 )
NET ASSETS 1,679,273 1,399,056

CAPITAL AND RESERVES
Called up share capital 1,098 1,098
Fair value reserve 8 1,152,457 889,957
Retained earnings 525,718 508,001
SHAREHOLDERS' FUNDS 1,679,273 1,399,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

BALANCE SHEET - continued
31 MARCH 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 3 September 2024 and were signed on its behalf by:




G Garozzo - Director



J Garozzo - Director


GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gjs Holdings Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable from the company's properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

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

GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 10,574 910 3,451 14,935
Additions - - 346 346
At 31 March 2024 10,574 910 3,797 15,281
DEPRECIATION
At 1 April 2023 10,574 910 3,317 14,801
Charge for year - - 157 157
At 31 March 2024 10,574 910 3,474 14,958
NET BOOK VALUE
At 31 March 2024 - - 323 323
At 31 March 2023 - - 134 134

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,460,000
Revaluations 350,000
At 31 March 2024 1,810,000
NET BOOK VALUE
At 31 March 2024 1,810,000
At 31 March 2023 1,460,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2006 811,155
Valuation in 2009 (405,881 )
Valuation in 2013 50,000
Valuation in 2014 15,000
Valuation in 2017 149,000
Valuation in 2019 15,000
Valuation in 2021 549,726
Valuation in 2022 125,000
Valuation in 2023 151,000
Valuation in 2024 350,000
1,810,000

GJS HOLDINGS LIMITED (REGISTERED NUMBER: 05068770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

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

31.3.24 31.3.23
£    £   
Cost 549,726 549,726

The investment properties were valued on an open market basis on 31 March 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,123 -
Other debtors 8,169 366
14,292 366

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 366
Taxation and social security 21,416 11,236
Other creditors 16,096 16,826
37,512 28,428

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023 889,957
Revaluation of investment
properties 262,500

At 31 March 2024 1,152,457