G M and J Properties Limited - Accounts to registrar (filleted) - small 23.1.2

G M and J Properties Limited - Accounts to registrar (filleted) - small 23.1.2

G M AND J PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 10874546 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2022

for

G M and J Properties Limited
G M and J Properties Limited (Registered number: 10874546)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G M and J Properties Limited

Company Information
for the Year Ended 31 July 2022







DIRECTOR: Mrs G M Moore





SECRETARY:





REGISTERED OFFICE: The Tithe Barn
Bent House Lane
Durham
DH1 2RY





REGISTERED NUMBER: 10874546 (England and Wales)





Page 1
G M and J Properties Limited (Registered number: 10874546)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,390,587 1,986,742

CURRENT ASSETS
Cash at bank and in hand 64,222 42,854

CREDITORS
Amounts falling due within one year 5 2,784,447 581,221
NET CURRENT LIABILITIES (2,720,225 ) (538,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,670,362
1,448,375

CREDITORS
Amounts falling due after more than one
year
6
5,512,452
1,387,952
NET ASSETS 157,910 60,423

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 157,710 60,223
SHAREHOLDERS' FUNDS 157,910 60,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2023 and were signed by:




Mrs G M Moore - Director


The notes form part of these financial statements

Page 2
G M and J Properties Limited (Registered number: 10874546)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

G M and J Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 5 ) .

Page 3 continued...
G M and J Properties Limited (Registered number: 10874546)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2021 1,956,827 37,073 1,993,900
Additions 6,343,173 73,214 6,416,387
At 31 July 2022 8,300,000 110,287 8,410,287
DEPRECIATION
At 1 August 2021 - 7,158 7,158
Charge for year - 12,542 12,542
At 31 July 2022 - 19,700 19,700
NET BOOK VALUE
At 31 July 2022 8,300,000 90,587 8,390,587
At 31 July 2021 1,956,827 29,915 1,986,742

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Taxation and social security 15,358 6,723
Other creditors 2,769,089 574,498
2,784,447 581,221

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Other creditors 5,512,452 1,387,952

Page 4