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REGISTERED NUMBER: OC420365 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GFK INVESTMENTS LLP

GFK INVESTMENTS LLP (REGISTERED NUMBER: OC420365)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GFK INVESTMENTS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 March 2024







DESIGNATED MEMBERS: FAIRHOMES INVESTMENTS LIMITED
C Georgiou
I Kontis





REGISTERED OFFICE: 12 Gateway Mews
Bounds Green
London
N11 2UT





REGISTERED NUMBER: OC420365 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

GFK INVESTMENTS LLP (REGISTERED NUMBER: OC420365)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 466 622
Investment property 5 2,150,000 2,150,000
2,150,466 2,150,622

CURRENT ASSETS
Debtors 6,453 -
Cash at bank 28,548 59,004
35,001 59,004
CREDITORS
Amounts falling due within one year 6 7,195 9,081
NET CURRENT ASSETS 27,806 49,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,178,272

2,200,545

CREDITORS
Amounts falling due after more than one
year

7

1,035,224

1,030,519
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,143,048

1,170,026

GFK INVESTMENTS LLP (REGISTERED NUMBER: OC420365)

BALANCE SHEET - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

137,526

164,504

MEMBERS' OTHER INTERESTS
Fair value reserve 10 1,005,522 1,005,522
1,143,048 1,170,026

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 137,526 164,504
Members' other interests 1,005,522 1,005,522
Amounts due from members (6,453 ) -
1,136,595 1,170,026

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 October 2024 and were signed by:




FAIRHOMES INVESTMENTS LIMITED - Designated member




C Georgiou - Designated member


GFK INVESTMENTS LLP (REGISTERED NUMBER: OC420365)

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

1. STATUTORY INFORMATION

GFK Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Fixtures and fittings - 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 and shared between members in accordance with profit sharing ratio.

In order to differentiate the fair value reserves, any movement during the year is transferred from members current account to fair value reserves.

Taxation
As members are liable for taxation on their share of the profits of the LLP there is no corporation or deferred tax charges.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 2,178
DEPRECIATION
At 1 April 2023 1,556
Charge for year 156
At 31 March 2024 1,712
NET BOOK VALUE
At 31 March 2024 466
At 31 March 2023 622

GFK INVESTMENTS LLP (REGISTERED NUMBER: OC420365)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,150,000
NET BOOK VALUE
At 31 March 2024 2,150,000
At 31 March 2023 2,150,000

Investment property was valued on an open market basis on 31/03/2024 by the members.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 437,500
Cost 1,712,500
2,150,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 7,195 9,081

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,035,224 1,030,519

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,035,224 1,030,519

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,035,224 1,030,519

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

GFK INVESTMENTS LLP (REGISTERED NUMBER: OC420365)

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

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 1,005,522