Company Registration No. 10874546 (England and Wales)
G M And J Properties Limited
Unaudited accounts
for the year ended 31 July 2023
G M And J Properties Limited
Unaudited accounts
Contents
G M And J Properties Limited
Company Information
for the year ended 31 July 2023
Company Number
10874546 (England and Wales)
Registered Office
The Tithe Barn
Bent House Lane
Durham
County Durham
DH1 2RY
England
Accountants
GHB
MORTON HOUSE
DURHAM
DH4 6QA
G M And J Properties Limited
Statement of financial position
as at 31 July 2023
Tangible assets
83,476
90,587
Investment property
10,242,679
8,300,000
Cash at bank and in hand
27,778
64,222
Creditors: amounts falling due within one year
(2,991,704)
(2,944,447)
Net current liabilities
(2,963,926)
(2,880,225)
Total assets less current liabilities
7,362,229
5,510,362
Creditors: amounts falling due after more than one year
(7,105,591)
(5,352,452)
Net assets
256,638
157,910
Called up share capital
200
200
Profit and loss account
256,438
157,710
Shareholders' funds
256,638
157,910
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2025 and were signed on its behalf by
GABRIELLE MOORE
Director
Company Registration No. 10874546
G M And J Properties Limited
Notes to the Accounts
for the year ended 31 July 2023
G M And J Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10874546. The registered office is The Tithe Barn, Bent House Lane, Durham, County Durham, DH1 2RY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
-
105,046
5,241
110,287
Additions
11,500
-
-
11,500
At 31 July 2023
11,500
105,046
5,241
121,787
At 1 August 2022
-
17,604
2,096
19,700
Charge for the year
599
17,488
524
18,611
At 31 July 2023
599
35,092
2,620
38,311
At 31 July 2023
10,901
69,954
2,621
83,476
At 31 July 2022
-
87,442
3,145
90,587
Fair value at 1 August 2022
8,300,000
At 31 July 2023
10,242,679
G M And J Properties Limited
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
166,500
160,000
Taxes and social security
8,636
15,358
Loans from directors
2,816,508
2,768,089
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
7,105,591
5,352,452
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Average number of employees
During the year the average number of employees was 2 (2022: 3).