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REGISTERED NUMBER: 10832690 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

GJK PROPERTIES LIMITED

GJK PROPERTIES LIMITED (REGISTERED NUMBER: 10832690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GJK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: G Jones





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 10832690 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

GJK PROPERTIES LIMITED (REGISTERED NUMBER: 10832690)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 303 337
Investment property 5 225,000 220,000
225,303 220,337

CURRENT ASSETS
Cash at bank 269,852 287,239

CREDITORS
Amounts falling due within one year 6 355,887 367,009
NET CURRENT LIABILITIES (86,035 ) (79,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,268

140,567

PROVISIONS FOR LIABILITIES 18,590 18,194
NET ASSETS 120,678 122,373

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 82,170 77,566
Retained earnings 38,408 44,707
SHAREHOLDERS' FUNDS 120,678 122,373

GJK PROPERTIES LIMITED (REGISTERED NUMBER: 10832690)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 January 2025 and were signed by:





G Jones - Director


GJK PROPERTIES LIMITED (REGISTERED NUMBER: 10832690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Gjk 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.

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 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 - 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss account, 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 1 (2023 - 1 ) .

GJK PROPERTIES LIMITED (REGISTERED NUMBER: 10832690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 600
DEPRECIATION
At 1 July 2023 263
Charge for year 34
At 30 June 2024 297
NET BOOK VALUE
At 30 June 2024 303
At 30 June 2023 337

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 220,000
Revaluations 5,000
At 30 June 2024 225,000
NET BOOK VALUE
At 30 June 2024 225,000
At 30 June 2023 220,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2019 10,759
Valuation in 2020 10,000
Valuation in 2021 15,000
Valuation in 2022 40,000
Valuation in 2023 20,000
Valuation in 2024 5,000
Cost 124,241
225,000

If freehold investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 124,240 124,240

The investment proper was valued on an open market basis on 30 June 2024 by the director of the company .

GJK PROPERTIES LIMITED (REGISTERED NUMBER: 10832690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 10,465
Other creditors 349,477 340,937
Directors' current accounts 5,751 14,647
Accrued expenses 659 960
355,887 367,009

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary £1 100 100

8. RESERVES
Fair
value
reserve
£   
At 1 July 2023 77,566
Transfer to fair value reserve 4,604

At 30 June 2024 82,170