| 1. Statutory Information |
| GREAT JAMES ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09512681. |
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| 2. Accounting Policies |
| Basis of preparing the Financial Statements |
| The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.Going concernThe accounts have been prepared on a going concern basis as the directors have indicated that the intercompany loans from related parties will not require repayment until such a time as the company can afford it. |
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| Presentation Currency |
| The accounts are presented in £ sterling. |
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| Turnover |
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| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably. |
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