GJSUK1 Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 09357088

GJSUK1 Limited

Filleted Unaudited Financial Statements

5 April 2020

GJSUK1 Limited

Balance Sheet

5 April 2020

	2020	2019
Note	£	£

Fixed assets

Investments	4	1,642,626	1,709,158
		------------	------------
Total assets less current liabilities		1,642,626	1,709,158

Creditors: amounts falling due after more than one year	5	1,575,155	1,575,155
		------------	------------
Net assets		67,471	134,003
		------------	------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	67,470	134,002
	--------	---------
Shareholders funds	67,471	134,003
	--------	---------

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 statement of comprehensive income (including profit and loss account) has not been delivered.

For the year ending 5 April 2020 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 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 December 2020 , and are signed on behalf of the board by:

Mr J Steinberg Director

Company registration number: 09357088

GJSUK1 Limited

Notes to the Financial Statements

Year ended 5 April 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lime Tree Cottage, 16 Bollinway, Hale, Altrincham, Cheshire, WA15 0NZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The only material judgements are in respect of the recoverability of loans to group members and interest receivable in respect of these loans.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Loans to group undertakings
	£
Cost
At 6 April 2019 and 5 April 2020	1,642,626
	------------
Impairment
At 6 April 2019 and 5 April 2020	–
	------------

Carrying amount
At 5 April 2020	1,642,626
	------------
At 5 April 2019	1,642,626
	------------

5. Creditors: amounts falling due after more than one year

	2020	2019
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,575,155	1,575,155
	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £1,575,155 (2019: £1,575,155) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

6. Reserves

The only movement in equity during the year was in respect of the loss for the period. The balance in the profit and loss reserve represents net gains on retranslation of long term foreign currency investment loans and is not distributable.