Registered number
05548565
GJA Investments Ltd
Filleted Accounts
31 August 2024
GJA Investments Ltd
Registered number: 05548565
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Tangible assets 3 328 413
Investments 4 3,937,500 3,937,500
3,937,828 3,937,913
Current assets
Debtors 5 713,851 83,628
Cash at bank and in hand 9,503 169,886
723,354 253,514
Creditors: amounts falling due within one year 6 (310,083) (309,625)
Net current assets/(liabilities) 413,271 (56,111)
Total assets less current liabilities 4,351,099 3,881,802
Creditors: amounts falling due after more than one year 7 (2,091,568) (1,616,177)
Net assets 2,259,530 2,265,625
Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 1,813,613 1,813,613
Profit and loss account 445,817 451,912
Shareholders' funds 2,259,530 2,265,625
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Bassan
Director
Approved by the board on 28 May 2025
GJA Investments Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment Property
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit or loss.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor Vehicle 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Grants
Grants are recognised in the profit or loss, receivable in line with expenditure with which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 3,767
At 31 August 2024 3,767
Depreciation
At 1 September 2023 3,354
Charge for the year 85
At 31 August 2024 3,439
Net book value
At 31 August 2024 328
At 31 August 2023 413
4 Investments
Other
investments
£
Cost
At 1 September 2023 3,937,500
At 31 August 2024 3,937,500
5 Debtors 2024 2023
£ £
Other Debtors
Greywolf Construction Ltd 42,254 51,246
GJA Developments Limited 653,686 13,371
E7 Homes Ltd 17,911 19,011
713,851 83,628
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,881 3,723
Taxation and social security costs 52,081 50,113
Other creditors 254,121 255,789
310,083 309,625
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,091,568 1,616,176
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 2,095,449 1,737,920
Loans Secured over the assets of the Company.
9 Revaluation reserve 2024 2023
£ £
At 1 September 2023 1,813,613 2,059,514
Loss on revaluation of land and buildings - (245,901)
At 31 August 2024 1,813,613 1,813,613
10 Investment property 2024
£
Valuation
At 1 September 2020 3,937,500
Additions -
Revaluation -
Transfers from tangible fixed assets
Disposals -
At 31 August 2021 3,937,500
The investment properties are stated at their fair values as valued by the Directors of the company.
11 Related party transactions
Greywolf Construction Ltd is a related party and are indebted to the company by £42,254 as at the year end. (2023: £51,246)

E7 Homes Ltd is a related party and are indebted to the company by £17,911 as at the year end.
(2023: £19,011)
There is an agreement in place for the company to lend E7 Homes Ltd up to the value of £228,000.

GJA Developments Limted is a related party and are indebted to the company by £653,686 as at the year end. (2023: £13,371)
12 Controlling party
The company's share capital is wholly owned by Bassan Group Holdings Ltd. (12919770).
Its registered office is:

13 Kensington Gardens
Ilford
England
IG1 3EJ
13 Other information
GJA Investments Ltd is a private company limited by shares and incorporated in England.
Its registered office is:
13 Kensington Gardens
Ilford
Essex
IG1 3EJ
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