G J Estates Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07343356 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

G J ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C Grunfeld

SECRETARY:

Y E Englander

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

07343356 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

126

148

Investment property

5

926,000

926,126

926,148

CURRENT ASSETS

Debtors

6

220,458

220,141

Cash at bank

5,254

24,472

225,712

244,613

CREDITORS

Amounts falling due within one year

7

(39,485

)

(67,834

)

NET CURRENT ASSETS

186,227

176,779

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,112,353

1,102,927

CREDITORS

Amounts falling due after more than one
year

8

(902,525

)

(908,094

)

PROVISIONS FOR LIABILITIES

(44,081

)

(44,081

)

NET ASSETS

165,747

150,752

CAPITAL AND RESERVES

Called up share capital

11

1

Revaluation reserve

12

232,008

Retained earnings

12

(66,262

)

(81,257

)

SHAREHOLDERS' FUNDS

165,747

150,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 29 September 2025 and were signed by:

Mrs C Grunfeld - Director

1.	STATUTORY INFORMATION

G J Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

802

DEPRECIATION

At 1 January 2024

654

Charge for year

22

At 31 December 2024

676

NET BOOK VALUE

At 31 December 2024

126

At 31 December 2023

148

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

926,000

NET BOOK VALUE

At 31 December 2024

926,000

At 31 December 2023

926,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2016

580,869

Valuation in 2017

(40,518

)

Valuation in 2018

(81,035

)

Valuation in 2020

(227,309

)

Cost

693,993

926,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

1,458

1,141

Other debtors

219,000

220,458

220,141

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Taxation and social security

56

-

Other creditors

39,429

67,834

39,485

67,834

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans (see note 9)

871,483

Other creditors

31,042

36,611

902,525

908,094

31.12.24

31.12.23

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

871,483

Repayable by instalments

Other loans more 5yrs instal

31,042

36,611

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

871,483

Repayable by instalments

Other loans more 5yrs instal

31,042

36,611

Under the bank loan, £36,611 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

871,483

Other loans

31,042

36,611

902,525

908,094

.1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £31,042 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

1

Ordinary

£1

1

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 January 2024

(81,257

)

232,008

150,751

Profit for the year

14,995

At 31 December 2024

(66,262

)

232,008

165,746

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C Grunfeld.