Company Registration No. 09503381 (England and Wales)
GAJ Developments Limited
Unaudited accounts
for the year ended 31 December 2024
GAJ Developments Limited
Unaudited accounts
Contents
GAJ Developments Limited
Company Information
for the year ended 31 December 2024
Director
Mr Sukhdev Ghotra
Company Number
09503381 (England and Wales)
Registered Office
8 Rose and Crown Mews
Isleworth
Middlesex
TW7 5FA
United Kingdom
GAJ Developments Limited
Statement of financial position
as at 31 December 2024
Tangible assets
3,700,000
3,700,000
Cash at bank and in hand
18,841
43,664
Creditors: amounts falling due within one year
(213,238)
(39,092)
Net current assets
78,199
296,272
Total assets less current liabilities
3,778,199
3,996,272
Creditors: amounts falling due after more than one year
(2,547,273)
(2,783,273)
Provisions for liabilities
Deferred tax
(227,074)
(227,074)
Net assets
1,003,852
985,925
Called up share capital
1
1
Profit and loss account
1,003,851
985,924
Shareholders' funds
1,003,852
985,925
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 November 2025 and were signed on its behalf by
Mr Sukhdev Ghotra
Director
Company Registration No. 09503381
GAJ Developments Limited
Notes to the Accounts
for the year ended 31 December 2024
GAJ Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 09503381. The registered office is 8 Rose and Crown Mews, Isleworth, Middlesex, TW7 5FA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Non Distributable Reserve
Profit and loss reserve includes non distributable reserve from the gain on revaluation of assets of £968,049
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total
At 1 January 2024
3,700,000
At 31 December 2024
3,700,000
At 31 December 2024
3,700,000
At 31 December 2023
3,700,000
Land & buildings revaluation is based on the recent valuation prepared by the surveyor.
GAJ Developments Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Deferred taxation
2024
2023
Revaluation of land and buildings
227,074
227,074
Provision at start of year
227,074
227,074
Provision at end of year
227,074
227,074
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
Other Creditors includes
£421,273 (2023 - £421,273) owed to Gaj Property Investment Limited, Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
£796 (2023 - £796) owed to Gaj Property Management Ltd, Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
Other Debtors includes
£140,000 (2023 - £140,000) owed by Gaj Homes Limited, Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
£61,700 (2023- £99,700) owed by Gaj Homes Limited, Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
8
Average number of employees
During the year the average number of employees was 0 (2023: 1).