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REGISTERED NUMBER: 11517515 (England and Wales)















GF PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2






GF PROPERTIES LIMITED (REGISTERED NUMBER: 11517515)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


GF PROPERTIES LIMITED (REGISTERED NUMBER: 11517515)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 4,601,612 4,096,683

CURRENT ASSETS
Debtors 5 110,002 6,389
Cash at bank 1,789,286 1,787,813
1,899,288 1,794,202
CREDITORS
Amounts falling due within one
year

6

(156,574

)

(111,464

)
NET CURRENT ASSETS 1,742,714 1,682,738
TOTAL ASSETS LESS
CURRENT LIABILITIES

6,344,326

5,779,421

CREDITORS
Amounts falling due after more
than one year

7

(5,314,303

)

(4,999,912

)
NET ASSETS 1,030,023 779,509

GF PROPERTIES LIMITED (REGISTERED NUMBER: 11517515)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,029,923 779,409
1,030,023 779,509

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

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

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 31st October 2024 and were signed on its behalf by:





G Fletcher - Director


GF PROPERTIES LIMITED (REGISTERED NUMBER: 11517515)

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

1. STATUTORY INFORMATION

GF Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11517515

Registered office: The Bridge House
Mill Lane
Dronfield
Derbyshire
S18 2XL

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.


GF PROPERTIES LIMITED (REGISTERED NUMBER: 11517515)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 4,096,683
Additions 504,929
At 31st March 2024 4,601,612
NET BOOK VALUE
At 31st March 2024 4,601,612
At 31st March 2023 4,096,683

GF PROPERTIES LIMITED (REGISTERED NUMBER: 11517515)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Trade debtors 11,214 6,389
Other debtors 98,788 -
110,002 6,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Trade creditors 19,999 3,728
Taxation and social security 108,001 94,056
Other creditors 28,574 13,680
156,574 111,464

7. CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 5,314,303 4,999,912

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 5,314,303 4,999,912