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REGISTERED NUMBER: 06732858 (England and Wales)












GFZ INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






GFZ INVESTMENTS LIMITED (REGISTERED NUMBER: 06732858)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GFZ INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: J N Leonard
A J Melrose





REGISTERED OFFICE: 2 St Andrews Place
Lewes
East Sussex
BN7 1UP





REGISTERED NUMBER: 06732858 (England and Wales)





AUDITORS: Clark Brownscombe
Chartered Accountants
and Statutory Auditors
2 St Andrews Place
Lewes
East Sussex
BN7 1UP

GFZ INVESTMENTS LIMITED (REGISTERED NUMBER: 06732858)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 2,822,610 2,675,435
Debtors 4 1,082,557 1,125,222
Cash at bank 6,147 17,490
3,911,314 3,818,147
CREDITORS
Amounts falling due within one year 5 1,797,354 1,593,825
NET CURRENT ASSETS 2,113,960 2,224,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,113,960

2,224,322

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,113,860 2,224,222
SHAREHOLDERS' FUNDS 2,113,960 2,224,322

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 7th March 2025 and were signed on its behalf by:





A J Melrose - Director


GFZ INVESTMENTS LIMITED (REGISTERED NUMBER: 06732858)

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


1. STATUTORY INFORMATION

GFZ Investments 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.

Turnover
Turnover represents sales of properties. Revenue is recognised once the value of the transaction can be reliably measured and the significant risks and rewards of ownership have been transferred. Revenue is recognised on residential and commercial property sales on completion.

Stocks
Work in progress represents property acquired for developments together with work in progress on those properties. These assets are included at the lower of cost and net realisable value. Cost for this purpose comprises the purchase cost of the land and buildings, development expenditure and interest on loans. Where applicable costs are apportioned to the property sales on an estimated proceeds basis.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets held at amortised cost comprise bank in hand and other debtors. Financial liabilities held at amortised cost comprise trade creditors, other creditors and accruals.

Taxation
Taxation for the year comprises current 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 taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,082,557 1,125,222

GFZ INVESTMENTS LIMITED (REGISTERED NUMBER: 06732858)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 378,000 -
Trade creditors 24,000 15,000
Tax - 121,274
VAT 4,800 -
Other creditors 1,290,000 1,290,000
Directors' current accounts 84,570 152,193
Accrued expenses 15,984 15,358
1,797,354 1,593,825

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 378,000 -

The loan is secured on the property.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Scrivins BA (Hons) FCA CTA DChA TEP (Senior Statutory Auditor)
for and on behalf of Clark Brownscombe