G J Hendra Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

G J Hendra Limited

Balance Sheet

31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	1
Tangible assets	5	624,410	643,956
Investment property	6	120,000	120,000
Investments	7	1,100	1,100
		745,510	765,057
Current assets
Stocks	8	961,774	968,798
Debtors	9	75,245	173,216
Cash at bank and in hand		139,381	136,567
		1,176,400	1,278,581
Creditors: Amounts falling due within one year	10	(293,162)	(361,241)
Net current assets		883,238	917,340
Net assets		1,628,748	1,682,397
Capital and reserves
Called up share capital	11	100	100
Profit and loss account		1,628,648	1,682,297
Shareholders' funds		1,628,748	1,682,397

G J Hendra Limited

Balance Sheet

31 December 2025

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 September 2026 and signed on its behalf by:
 

......................................... Mr S Hendra Director

Company Registration Number: 01316433

G J Hendra Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

1	General information

The registered office address is:
6/7 Lemon Street
Truro
Cornwall
TR1 2LQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in other operating income within profit or loss in the same period as the related expenditure. This includes Coronavirus Job Retention Scheme grant income.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income

G J Hendra Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the statement of income and retained earnings. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and Buildings	Straight line over fifty years, land is not depreciated
Other tangible fixed assets	10% of written down value

Investment property

Investment property is carried at fair value, as determined annually by the director. The valuation is based on observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Intangible assets

Website development costs are stated in the balance sheet at cost less accumulated amoritsation and impairment. They are amortised on a straight line basis over their estimated useful economic lives.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	33% staight line on cost

Investments

Fixed asset investments are stated at historical cost less provision for any diminution.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Cost is determined using the first-in, first-out (FIFO) method.

G J Hendra Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

G J Hendra Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2024 - 20).

4	Intangible assets

	Website development costs  £	Total £
Cost or valuation
At 1 January 2025	10,422	10,422
At 31 December 2025	10,422	10,422
Amortisation
At 1 January 2025	10,421	10,421
Amortisation charge	1	1
At 31 December 2025	10,422	10,422
Carrying amount
At 31 December 2025	-	-
At 31 December 2024	1	1

G J Hendra Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	635,315	533,439	1,168,754
Additions	-	477	477
At 31 December 2025	635,315	533,916	1,169,231
Depreciation
At 1 January 2025	113,656	411,142	524,798
Charge for the year	7,736	12,287	20,023
At 31 December 2025	121,392	423,429	544,821
Carrying amount
At 31 December 2025	513,923	110,487	624,410
At 31 December 2024	521,659	122,297	643,956

Included within the net book value of land and buildings above is £513,923 (2024 - £521,659) in respect of freehold land and buildings.
 

6	Investment properties

	2025 £
At 1 January and 31 December 2024	120,000

The director (who is internal to the company) has valued the property to open market value at 31 December 2025.

There has been no valuation of investment property by an independent valuer.

Had this asset been measured on a historical cost basis and depreciation charged, the carrying amount would have been £29,121 (2024 - £29,368). The historical cost of the property was £35,214 (2024 - £35,214) and the depreciation to date on the historical cost basis is £6,093 (2024 - £5,846).

7	Investments

	2025 £	2024 £
Investments in subsidiaries	1,100	1,100

G J Hendra Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2025