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Registered number: 13356265
GLT Homes Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2022
Calculated Ltd

Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13356265
2022
Notes £ £
FIXED ASSETS
Tangible Assets 3 410,716
410,716
CURRENT ASSETS
Debtors 4 219
Cash at bank and in hand 405
624
Creditors: Amounts Falling Due Within One Year 5 (533 )
NET CURRENT ASSETS (LIABILITIES) 91
TOTAL ASSETS LESS CURRENT LIABILITIES 410,807
Creditors: Amounts Falling Due After More Than One Year 6 (420,049 )
NET LIABILITIES (9,242 )
CAPITAL AND RESERVES
Called up share capital 7 10
Profit and Loss Account (9,252 )
SHAREHOLDERS' FUNDS (9,242)
Page 1
Page 2
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr George Tuck
Director
18/07/2022
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
3. Tangible Assets
Investment Properties
£
Cost
As at 26 April 2021 -
Additions 410,716
As at 30 April 2022 410,716
Net Book Value
As at 30 April 2022 410,716
As at 26 April 2021 -
4. Debtors
2022
£
Due within one year
Prepayments and accrued income 219
219
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2022
£
Accruals and deferred income 533
533
6. Creditors: Amounts Falling Due After More Than One Year
2022
£
Bank loans 299,069
Directors loan account 120,980
420,049
7. Share Capital
2022
Allotted, Called up and fully paid 10
8. Related Party Transactions
During the year, the director advanced £120,980 to the company. This loan is interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is George Tuck by virtue of his ownership of 100% of the issued share capital in the company.
10. General Information
GLT Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13356265 . The registered office is Flat 10 9-11 Eastcheap, London, EC3M 1BN.
Page 4