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REGISTERED NUMBER: 07176335 (England and Wales)















G & F PROPERTIES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






G & F PROPERTIES LIMITED (REGISTERED NUMBER: 07176335)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G & F PROPERTIES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B A Adams
Mrs L Smith
M Head





SECRETARY: Mrs L Smith





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 07176335 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

G & F PROPERTIES LIMITED (REGISTERED NUMBER: 07176335)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 500 500

CURRENT ASSETS
Cash at bank and in hand 65,097 65,097

CREDITORS
Amounts falling due within one year 5 1,509 1,509
NET CURRENT ASSETS 63,588 63,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,088

64,088

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 63,988 63,988
SHAREHOLDERS' FUNDS 64,088 64,088

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.

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 4 December 2024 and were signed on its behalf by:





B A Adams - Director


G & F PROPERTIES LIMITED (REGISTERED NUMBER: 07176335)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

G & F Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal activity is that of property development.

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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

G & F PROPERTIES LIMITED (REGISTERED NUMBER: 07176335)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 500
NET BOOK VALUE
At 31 March 2024 500
At 31 March 2023 500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due to associated undertaking 1,070 1,070
Due to related undertaking 439 439
1,509 1,509

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
26 A Ordinary £1 26 26
26 B Ordinary £1 26 26
16 C Ordinary £1 16 16
16 D Ordinary £1 16 16
16 E Ordinary £1 16 16
100 100

All shares rank pari passu and are entitled to a vote at any general meeting of the company.

7. RESERVES
Retained
earnings
£   

At 1 April 2023 63,988
Profit for the year -
At 31 March 2024 63,988

8. RELATED PARTY DISCLOSURES

At the year end the company owed £1,070 (2023 £1,070) to MDN Properties Limited, a company in which it holds a 50% shareholding.

At the year end the company owed £439 (2023 £439) to A & H Construction & Developments Plc, a company controlled by the director B Adams.

G & F PROPERTIES LIMITED (REGISTERED NUMBER: 07176335)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by the directors, B A Adams and Mrs L Smith, by virtue of their 52% shareholding.