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31/03/2023
2023-03-31
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No description of principal activities is disclosed
2022-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
03942111
2022-04-01
2023-03-31
03942111
2023-03-31
03942111
2021-04-01
2022-03-31
03942111
2022-03-31
03942111
bus:RegisteredOffice
2022-04-01
2023-03-31
03942111
bus:Director1
2022-04-01
2023-03-31
03942111
core:WithinOneYear
2023-03-31
03942111
core:WithinOneYear
2022-03-31
03942111
core:AfterOneYear
2023-03-31
03942111
core:AfterOneYear
2022-03-31
03942111
core:ShareCapital
2023-03-31
03942111
core:ShareCapital
2022-03-31
03942111
core:RetainedEarningsAccumulatedLosses
2023-03-31
03942111
core:RetainedEarningsAccumulatedLosses
2022-03-31
03942111
core:CostValuation
core:Non-currentFinancialInstruments
2023-03-31
03942111
core:Non-currentFinancialInstruments
2023-03-31
03942111
core:Non-currentFinancialInstruments
2022-03-31
03942111
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2022-04-01
2023-03-31
03942111
bus:AuditExempt-NoAccountantsReport
2022-04-01
2023-03-31
03942111
bus:FullAccounts
2022-04-01
2023-03-31
03942111
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2022-04-01
2023-03-31
03942111
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
Company registration number:
03942111
GJF Limited
Unaudited filleted financial statements
31 March 2023
GJF Limited
Contents
Directors and other information
Director's report
Statement of financial position
Notes to the financial statements
GJF Limited
Directors and other information
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Director |
Mr G Brescia |
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Company number |
03942111 |
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Registered office |
3 West Street |
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Leighton Buzzard |
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Bedfordshire |
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LU7 1DA |
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Business address |
1 Peddars Lane |
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Leighton Buzzard |
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Bedfordshire |
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LU7 1JD |
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GJF Limited
Director's report
Year ended 31 March 2023
The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2023.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
20 December 2023
and signed on behalf of the board by:
Mr G Brescia
Director
GJF Limited
Statement of financial position
31 March 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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5 |
600,000 |
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600,000 |
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_______ |
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_______ |
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600,000 |
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600,000 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
27,592) |
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(
19,119) |
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_______ |
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_______ |
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Net current liabilities |
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(
27,592) |
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(
19,119) |
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_______ |
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_______ |
Total assets less current liabilities |
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572,408 |
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580,881 |
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Creditors: amounts falling due |
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after more than one year |
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7 |
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(
311,780) |
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(
312,654) |
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Provisions for liabilities |
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(
5,737) |
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(
5,737) |
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_______ |
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_______ |
Net assets |
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254,891 |
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262,490 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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1 |
Profit and loss account |
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254,890 |
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262,489 |
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_______ |
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_______ |
Shareholders funds |
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254,891 |
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262,490 |
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_______ |
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_______ |
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For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 December 2023
, and are signed on behalf of the board by:
Mr G Brescia
Director
Company registration number:
03942111
GJF Limited
Notes to the financial statements
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 3 West Street, Leighton Buzzard, Bedfordshire, LU7 1DA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Investments
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Investment property |
Total |
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£ |
£ |
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Cost |
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At 1 April 2022 and 31 March 2023 |
600,000 |
600,000 |
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_______ |
_______ |
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Impairment |
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At 1 April 2022 and 31 March 2023 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 March 2023 |
600,000 |
600,000 |
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_______ |
_______ |
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At 31 March 2022 |
600,000 |
600,000 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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4,718 |
3,962 |
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Other creditors |
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22,874 |
15,157 |
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_______ |
_______ |
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27,592 |
19,119 |
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_______ |
_______ |
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7.
Creditors: amounts falling due after more than one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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311,780 |
312,654 |
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_______ |
_______ |
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