Garjoba Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07098417 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

GARJOBA MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G J Bates

REGISTERED OFFICE:

2 Kingston Hall

Gotham Road

Kingston-on Soar

Nottingham

NG11 0DJ

REGISTERED NUMBER:

07098417 (England and Wales)

ACCOUNTANTS:

NG Accounting & Tax Limited

Johnstone House

2a Gordon Road

West Bridgford

Nottingham

NG2 5LN

FIXED ASSETS

Tangible assets

4

80,958

107,944

Investments

5

579,147

719,159

660,105

827,103

CURRENT ASSETS

Cash at bank

216,240

31,158

CREDITORS

Amounts falling due within one year

6

(784,641

)

(765,414

)

NET CURRENT LIABILITIES

(568,401

)

(734,256

)

TOTAL ASSETS LESS CURRENT LIABILITIES

91,704

92,847

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

91,703

92,846

91,704

92,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss has not been delivered.

The financial statements were approved by the director on 26 September 2019 and were signed by:

G J Bates - Director

1.	STATUTORY INFORMATION

Garjoba Management 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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2018

and 31 December 2018

143,926

DEPRECIATION

At 1 January 2018

35,982

Charge for year

26,986

At 31 December 2018

62,968

NET BOOK VALUE

At 31 December 2018

80,958

At 31 December 2017

107,944

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2018

719,159

Additions

17,895

Disposals

(157,907

)

At 31 December 2018

579,147

NET BOOK VALUE

At 31 December 2018

579,147

At 31 December 2017

719,159

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to participating interests

385,287

-

Other creditors

399,354

765,414

784,641

765,414

7.	RELATED PARTY DISCLOSURES

During the year the company received a loan of £385,287 (2017: £nil) from Garjoba Limited, a company under

common control. The loan is not interest bearing and is repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is G J Bates.