Registered number
05905154
GJA Developments Ltd
Filleted Accounts
31 August 2024
GJA Developments Ltd
Registered number: 05905154
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,130,900 848,775
Current assets
Stocks 10,000 10,000
Debtors 4 (463,399) (8,271)
Cash at bank and in hand 29,290 24,308
(424,109) 26,037
Creditors: amounts falling due within one year 5 (507,131) (399,711)
Net current liabilities (931,240) (373,674)
Total assets less current liabilities 199,660 475,101
Creditors: amounts falling due after more than one year 6 (209,000) (472,500)
Net (liabilities)/assets (9,340) 2,601
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,440) 2,501
Shareholders' funds (9,340) 2,601
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.
J Bassan
Director
Approved by the board on 28 May 2025
GJA Developments 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.
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:
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 848,775
Additions 282,125
At 31 August 2024 1,130,900
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 1,130,900
At 31 August 2023 848,775
4 Debtors 2024 2023
£ £
Other debtors (463,399) (8,271)
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,550 -
Taxation and social security costs 19,655 19,655
Other creditors 482,926 380,056
507,131 399,711
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 209,000 472,500
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 209,000 -
Loans secured over the assets of the Company.
8 Related party transactions
GJA Investments Limted is a related party and the company is indebted to them by £175,899 as at the year end. (2023: £13,371)

Greywolf Construction Ltd is a related party and are indebted to the company by £190,188 as at the year end. (2023: £5,000)

E7 Homes Limited is a related party and the company is indebted to them by £4,550 as at the year end. (2023: £0)
9 Controlling party
The ultimate controlling parties are Mr M Bassan and Mr J Bassan who, between them, own 100% of the equity in the company.
10 Other information
GJA Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13 Kensington Gardens
Ilford
Essex
IG1 3EJ
GJA Developments Ltd 05905154 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2025 J Bassan No description of principal activity 05905154 2022-09-01 2023-08-31 05905154 core:WithinOneYear 2023-08-31 05905154 core:AfterOneYear 2023-08-31 05905154 core:ShareCapital 2023-08-31 05905154 core:RetainedEarningsAccumulatedLosses 2023-08-31 05905154 2023-09-01 2024-08-31 05905154 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05905154 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05905154 bus:Director40 2023-09-01 2024-08-31 05905154 1 2023-09-01 2024-08-31 05905154 2 2023-09-01 2024-08-31 05905154 core:LandBuildings 2023-09-01 2024-08-31 05905154 countries:England 2023-09-01 2024-08-31 05905154 bus:FRS102 2023-09-01 2024-08-31 05905154 bus:FilletedAccounts 2023-09-01 2024-08-31 05905154 2024-08-31 05905154 core:WithinOneYear 2024-08-31 05905154 core:AfterOneYear 2024-08-31 05905154 core:ShareCapital 2024-08-31 05905154 core:RetainedEarningsAccumulatedLosses 2024-08-31 05905154 core:LandBuildings 2024-08-31 05905154 2023-08-31 05905154 core:LandBuildings 2023-08-31 iso4217:GBP xbrli:pure