Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-302024-03-302023-03-314falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00286315 2023-03-31 2024-03-30 00286315 2022-03-31 2023-03-30 00286315 2024-03-30 00286315 2023-03-30 00286315 c:Director1 2023-03-31 2024-03-30 00286315 d:Buildings 2023-03-31 2024-03-30 00286315 d:OfficeEquipment 2023-03-31 2024-03-30 00286315 d:OfficeEquipment 2024-03-30 00286315 d:OfficeEquipment 2023-03-30 00286315 d:FreeholdInvestmentProperty 2024-03-30 00286315 d:FreeholdInvestmentProperty 2023-03-30 00286315 d:CurrentFinancialInstruments 2024-03-30 00286315 d:CurrentFinancialInstruments 2023-03-30 00286315 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 00286315 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 00286315 d:ShareCapital 2024-03-30 00286315 d:ShareCapital 2023-03-30 00286315 d:CapitalRedemptionReserve 2024-03-30 00286315 d:CapitalRedemptionReserve 2023-03-30 00286315 d:RevaluationReserve 2024-03-30 00286315 d:RevaluationReserve 2023-03-30 00286315 d:RetainedEarningsAccumulatedLosses 2024-03-30 00286315 d:RetainedEarningsAccumulatedLosses 2023-03-30 00286315 c:FRS102 2023-03-31 2024-03-30 00286315 c:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 00286315 c:FullAccounts 2023-03-31 2024-03-30 00286315 c:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 00286315 5 2023-03-31 2024-03-30 00286315 6 2023-03-31 2024-03-30 00286315 e:PoundSterling 2023-03-31 2024-03-30 iso4217:GBP xbrli:pure
Registered number: 00286315


GJC INVESTMENTS LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 MARCH 2024

 
GJC INVESTMENTS LTD
 

CONTENTS



Page
Balance Sheet
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
GJC INVESTMENTS LTD
REGISTERED NUMBER:00286315

BALANCE SHEET
AS AT 30 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 5 
531,964
531,964

  
531,964
531,964

Current assets
  

Debtors: amounts falling due within one year
 6 
377,048
691,320

Current asset investments
 7 
292,036
273,042

Cash at bank and in hand
 8 
1,583,173
1,250,791

  
2,252,257
2,215,153

Creditors: amounts falling due within one year
 9 
(216,483)
(716,802)

Net current assets
  
 
 
2,035,774
 
 
1,498,351

Total assets less current liabilities
  
2,567,738
2,030,315

  

Net assets
  
2,567,738
2,030,315


Capital and reserves
  

Called up share capital 
  
1,590
1,590

Revaluation reserve
  
165,000
165,000

Capital redemption reserve
  
10,410
10,410

Profit and loss account
  
2,390,738
1,853,315

  
2,567,738
2,030,315


Page 1

 
GJC INVESTMENTS LTD
REGISTERED NUMBER:00286315
    
BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
A P M Waterfield
Director
Date: 18 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GJC INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

1.


General information

GJC Investments Ltd is a private limited company limited by shares domiciled and incorporated in the UK. The registered office and principal place of business is The Olde Bakery Back Lane, Little Addington, Kettering, NN14 4AX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
GJC INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Nil
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

  
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

  
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.
Page 4

 
GJC INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
GJC INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 31 March 2023
1,269



At 30 March 2024

1,269



Depreciation


At 31 March 2023
1,269



At 30 March 2024

1,269



Net book value



At 30 March 2024
-



At 30 March 2023
-

Page 6

 
GJC INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 31 March 2023
531,964



At 30 March 2024
531,964

The 2024 valuations were made by the director, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Trade debtors
25,737
19,442

Other debtors
351,311
671,878

377,048
691,320



7.


Current asset investments

2024
2023
£
£

Listed investments
292,036
273,042



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,583,173
1,250,791


Page 7

 
GJC INVESTMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,651
4,631

Other taxation and social security
-
1,029

Other creditors
206,532
707,142

Accruals and deferred income
3,300
4,000

216,483
716,802



10.


Related party transactions

At 30 March 2024, there were amounts owing to the director of £137,483 (2023 - £79,976). This loan is interest free, unsecured and has no specified repayment date.
At 30 March 2024, there was a loan outstanding to the company of £350,000 from Mr Andrew Waterfield, the directors brother. Interest has been charged at the bank base rate and in repayable within one year.

 
Page 8