Company Registration No. 09840548 (England and Wales)
GAJ Homes Ltd
Unaudited accounts
for the year ended 31 December 2024
GAJ Homes Ltd
Unaudited accounts
Contents
GAJ Homes Ltd
Company Information
for the year ended 31 December 2024
Director
Mr Sukhdev Singh Ghotra
Company Number
09840548 (England and Wales)
Registered Office
8 Rose And Crown Mews
Isleworth
Middx
TW7 5FA
United Kingdom
GAJ Homes Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
8,701,621
8,695,843
Cash at bank and in hand
97,751
58,630
Creditors: amounts falling due within one year
(201,405)
(242,919)
Net current liabilities
(60,564)
(162,739)
Total assets less current liabilities
8,641,057
8,533,104
Creditors: amounts falling due after more than one year
(6,073,577)
(6,073,577)
Provisions for liabilities
Deferred tax
(492,518)
(472,007)
Net assets
2,074,962
1,987,520
Called up share capital
100
100
Profit and loss account
2,074,862
1,987,420
Shareholders' funds
2,074,962
1,987,520
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 Singh Ghotra
Director
Company Registration No. 09840548
GAJ Homes Ltd
Notes to the Accounts
for the year ended 31 December 2024
GAJ Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 09840548. The registered office is 8 Rose And Crown Mews, Isleworth, Middx, 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.
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:
Non Distributable Reserve
Profit and loss reserve includes non distributable reserve from the gain on revaluation of assets of £2,268,000.
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Tangible fixed assets
Total
At 1 January 2024
8,695,843
At 31 December 2024
8,701,621
At 31 December 2024
8,701,621
At 31 December 2023
8,695,843
GAJ Homes Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Deferred taxation
2024
2023
Revaluation of land and buildings
532,000
532,000
Tax losses carried forward
(39,482)
(59,993)
Provision at start of year
472,007
472,626
Charged/(credited) to the profit and loss account
20,511
(619)
Provision at end of year
492,518
472,007
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
Other Creditors includes
£2,809,878 (2023 £2,809,878) is the amount owed to Gaj Property Investment Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
£140,000 (2023 £140,000) is the amount owed to Gaj Developments Limited, Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
£61,700 (2023 - £99,700) owed to Gaj Developments Limited, Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
£5,371 (2023 £5,871) is the amount owed to Rootstar Constructions Limited, Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
Other Debtors includes £43,090 (2023 - £21,550) owed by Gaj Property Management Limited, Mr Sukhdev Ghotra is the common Director and Shareholder for both the companies.
The company is controlled by the director who owns 100% of the called up share capital.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).