Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr CJ Goodbody 18/06/2012 Mrs C Jaeniche 18/06/2012 Mr WH Jaeniche 18/06/2012 14 October 2024 The principal activity of the company is property renovation and rental. 08109306 2024-06-30 08109306 bus:Director1 2024-06-30 08109306 bus:Director2 2024-06-30 08109306 bus:Director3 2024-06-30 08109306 2023-06-30 08109306 core:CurrentFinancialInstruments 2024-06-30 08109306 core:CurrentFinancialInstruments 2023-06-30 08109306 core:ShareCapital 2024-06-30 08109306 core:ShareCapital 2023-06-30 08109306 core:RevaluationReserve 2024-06-30 08109306 core:RevaluationReserve 2023-06-30 08109306 core:RetainedEarningsAccumulatedLosses 2024-06-30 08109306 core:RetainedEarningsAccumulatedLosses 2023-06-30 08109306 2023-07-01 2024-06-30 08109306 bus:FilletedAccounts 2023-07-01 2024-06-30 08109306 bus:SmallEntities 2023-07-01 2024-06-30 08109306 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08109306 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08109306 bus:Director1 2023-07-01 2024-06-30 08109306 bus:Director2 2023-07-01 2024-06-30 08109306 bus:Director3 2023-07-01 2024-06-30 08109306 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 08109306 (England and Wales)

GOJAC LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

GOJAC LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

GOJAC LIMITED

BALANCE SHEET

As at 30 June 2024
GOJAC LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 575,000 575,000
575,000 575,000
Current assets
Debtors 4 2,407 1,510
Cash at bank and in hand 46,726 37,336
49,133 38,846
Creditors: amounts falling due within one year 5 ( 397,522) ( 397,179)
Net current liabilities (348,389) (358,333)
Total assets less current liabilities 226,611 216,667
Provision for liabilities ( 6,526) ( 6,526)
Net assets 220,085 210,141
Capital and reserves
Called-up share capital 1,000 1,000
Revaluation reserve 27,819 27,819
Profit and loss account 191,266 181,322
Total shareholders' funds 220,085 210,141

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Gojac Limited (registered number: 08109306) were approved and authorised for issue by the Board of Directors on 14 October 2024. They were signed on its behalf by:

Mr CJ Goodbody
Director
GOJAC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
GOJAC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gojac Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is East Gate House, 94 East Street, Warminster, BA12 9BG, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover represents the fair value of services provided under contracts with customers to the extent
that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total consideration due at completion.

Deferred income represents the fair value of services provided under contracts invoiced in the year that relate to future periods.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 575,000
As at 30 June 2024 575,000

The value of the properties has been assessed by the directors on the basis of open market value.

4. Debtors

2024 2023
£ £
Prepayments 2,407 1,510

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 392,708 393,009
Accruals 2,481 2,281
Taxation and social security 2,333 1,889
397,522 397,179