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REGISTERED NUMBER: 09846517 (England and Wales)















G. J. HANDY (PROPERTIES) LTD

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2024






G. J. HANDY (PROPERTIES) LTD (REGISTERED NUMBER: 09846517)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


G. J. HANDY (PROPERTIES) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr S A Belcher
Mr D L Belcher





REGISTERED OFFICE: Handy Distribution
Murdock Road
Dorcan
SWINDON
Wiltshire
SN3 5HY





REGISTERED NUMBER: 09846517 (England and Wales)





AUDITORS: Morris Owen
Statutory Auditors
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG

G. J. HANDY (PROPERTIES) LTD (REGISTERED NUMBER: 09846517)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,000,000 4,000,000

CURRENT ASSETS
Debtors 5 169,021 3,790

CREDITORS
Amounts falling due within one year 6 80,919 75,162
NET CURRENT ASSETS/(LIABILITIES) 88,102 (71,372 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,088,102

3,928,628

PROVISIONS FOR LIABILITIES 318,102 325,538
NET ASSETS 3,770,000 3,603,090

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 1,493,909 1,516,217
Retained earnings 2,275,991 2,086,773
SHAREHOLDERS' FUNDS 3,770,000 3,603,090

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





Mr S A Belcher - Director


G. J. HANDY (PROPERTIES) LTD (REGISTERED NUMBER: 09846517)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

G.J. Handy (Properties) Limited is a private company limited by shares and incorporated in England and Wales.

The registered office address is Murdock Road, Dorcan, Swindon, Wiltshire SN3 5HY.

The financial statements are presented in British Pounds (GBP), which is the company's functional and presentational currency.

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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
- Determine whether leases entered into by the company as a lessee are operating leases or finance
leases. These decisions depend on an assessment of whether the risks and rewards of ownership
have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order
to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all
balances on a balance by balance basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on buildings/not provided on land

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

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


G. J. HANDY (PROPERTIES) LTD (REGISTERED NUMBER: 09846517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. The only advanced instruments recognised by the company are derivatives. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in arriving at profit before tax. Any derivative assets would be included in other debtors and derivative liabilities would be included included in other creditors.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Freehold
property
£   
COST OR VALUATION
At 1 December 2023 4,000,000
Additions 84,484
Revaluations (84,484 )
At 30 November 2024 4,000,000
DEPRECIATION
Charge for year 54,740
Revaluation adjustments (54,740 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 4,000,000
At 30 November 2023 4,000,000

Included in cost or valuation of land and buildings is freehold land of £ 1,263,000 (2023 - £ 1,263,000 ) which is not depreciated.

In accordance with section 16.4A of Amendments to Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Triennial Review 2017, the company has chosen to apply the cost or revaluation model to a property that is rented to another group entity.

The carrying value of this property that is rented to another group entity is noted above.

G. J. HANDY (PROPERTIES) LTD (REGISTERED NUMBER: 09846517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. PROPERTY, PLANT AND EQUIPMENT - continued

Cost or valuation at 30 November 2024 is represented by:

Freehold
property
£   
Valuation in 2019 600,000
Valuation in 2021 487,587
Valuation in 2023 528,969
Valuation in 2024 (84,484 )
Cost 2,467,928
4,000,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,383,444 2,383,444
Aggregate depreciation 117,652 117,652

Value of land in freehold land and buildings 1,263,000 1,263,000

Freehold land and buildings were valued on an open market basis on 17 July 2024 by Lovedays, Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 169,021 3,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 61
Corporation tax 80,919 75,101
80,919 75,162

7. CALLED UP SHARE CAPITAL

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

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

The Report of the Auditors was unqualified.

Mr Alan John Barlow (Senior Statutory Auditor)
for and on behalf of Morris Owen

G. J. HANDY (PROPERTIES) LTD (REGISTERED NUMBER: 09846517)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. ULTIMATE CONTROLLING PARTY

G.J. Handy (Holdings) Limited is the company's immediate and ultimate parent company. The address from where financial statements for the company can be obtained is Murdock Road, Dorcan, Swindon, Wiltshire SN3 5HY.

The ultimate controlling party at the year end is considered to be Mr S A Belcher, being the majority shareholder of G.J. Handy (Holdings) Limited.