2020-12-012021-11-302021-11-30false05624073GUILDHALL DEVELOPMENTS LIMITED2022-08-28iso4217:GBPxbrli:pure056240732020-12-01056240732021-11-30056240732020-12-012021-11-30056240732019-12-01056240732020-11-30056240732019-12-012020-11-3005624073bus:SmallEntities2020-12-012021-11-3005624073bus:AuditExempt-NoAccountantsReport2020-12-012021-11-3005624073bus:FullAccounts2020-12-012021-11-3005624073bus:PrivateLimitedCompanyLtd2020-12-012021-11-3005624073core:WithinOneYear2021-11-3005624073core:AfterOneYear2021-11-3005624073core:WithinOneYear2020-11-3005624073core:AfterOneYear2020-11-3005624073core:ShareCapital2021-11-3005624073core:SharePremium2021-11-3005624073core:RevaluationReserve2021-11-3005624073core:OtherReservesSubtotal2021-11-3005624073core:RetainedEarningsAccumulatedLosses2021-11-3005624073core:ShareCapital2020-11-3005624073core:SharePremium2020-11-3005624073core:RevaluationReserve2020-11-3005624073core:OtherReservesSubtotal2020-11-3005624073core:RetainedEarningsAccumulatedLosses2020-11-3005624073core:LandBuildings2021-11-3005624073core:PlantMachinery2021-11-3005624073core:Vehicles2021-11-3005624073core:FurnitureFittings2021-11-3005624073core:OfficeEquipment2021-11-3005624073core:NetGoodwill2021-11-3005624073core:IntangibleAssetsOtherThanGoodwill2021-11-3005624073core:ListedExchangeTraded2021-11-3005624073core:UnlistedNon-exchangeTraded2021-11-3005624073core:LandBuildings2020-11-3005624073core:PlantMachinery2020-11-3005624073core:Vehicles2020-11-3005624073core:FurnitureFittings2020-11-3005624073core:OfficeEquipment2020-11-3005624073core:NetGoodwill2020-11-3005624073core:IntangibleAssetsOtherThanGoodwill2020-11-3005624073core:ListedExchangeTraded2020-11-3005624073core:UnlistedNon-exchangeTraded2020-11-3005624073core:LandBuildings2020-12-012021-11-3005624073core:PlantMachinery2020-12-012021-11-3005624073core:Vehicles2020-12-012021-11-3005624073core:FurnitureFittings2020-12-012021-11-3005624073core:OfficeEquipment2020-12-012021-11-3005624073core:NetGoodwill2020-12-012021-11-3005624073core:IntangibleAssetsOtherThanGoodwill2020-12-012021-11-3005624073core:ListedExchangeTraded2020-12-012021-11-3005624073core:UnlistedNon-exchangeTraded2020-12-012021-11-3005624073core:MoreThanFiveYears2020-12-012021-11-3005624073core:Non-currentFinancialInstruments2021-11-3005624073core:Non-currentFinancialInstruments2020-11-3005624073dpl:CostSales2020-12-012021-11-3005624073dpl:DistributionCosts2020-12-012021-11-3005624073dpl:AdministrativeExpenses2020-12-012021-11-3005624073core:LandBuildings2020-12-012021-11-3005624073core:PlantMachinery2020-12-012021-11-3005624073core:Vehicles2020-12-012021-11-3005624073core:FurnitureFittings2020-12-012021-11-3005624073core:OfficeEquipment2020-12-012021-11-3005624073core:NetGoodwill2020-12-012021-11-3005624073core:IntangibleAssetsOtherThanGoodwill2020-12-012021-11-3005624073dpl:GroupUndertakings2020-12-012021-11-3005624073dpl:ParticipatingInterests2020-12-012021-11-3005624073dpl:GroupUndertakingscore:ListedExchangeTraded2020-12-012021-11-3005624073core:ListedExchangeTraded2020-12-012021-11-3005624073dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-12-012021-11-3005624073core:UnlistedNon-exchangeTraded2020-12-012021-11-3005624073dpl:CostSales2019-12-012020-11-3005624073dpl:DistributionCosts2019-12-012020-11-3005624073dpl:AdministrativeExpenses2019-12-012020-11-3005624073core:LandBuildings2019-12-012020-11-3005624073core:PlantMachinery2019-12-012020-11-3005624073core:Vehicles2019-12-012020-11-3005624073core:FurnitureFittings2019-12-012020-11-3005624073core:OfficeEquipment2019-12-012020-11-3005624073core:NetGoodwill2019-12-012020-11-3005624073core:IntangibleAssetsOtherThanGoodwill2019-12-012020-11-3005624073dpl:GroupUndertakings2019-12-012020-11-3005624073dpl:ParticipatingInterests2019-12-012020-11-3005624073dpl:GroupUndertakingscore:ListedExchangeTraded2019-12-012020-11-3005624073core:ListedExchangeTraded2019-12-012020-11-3005624073dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-12-012020-11-3005624073core:UnlistedNon-exchangeTraded2019-12-012020-11-3005624073core:NetGoodwill2021-11-3005624073core:IntangibleAssetsOtherThanGoodwill2021-11-3005624073core:LandBuildings2021-11-3005624073core:PlantMachinery2021-11-3005624073core:Vehicles2021-11-3005624073core:FurnitureFittings2021-11-3005624073core:OfficeEquipment2021-11-3005624073core:AfterOneYear2021-11-3005624073core:WithinOneYear2021-11-3005624073core:ListedExchangeTraded2021-11-3005624073core:UnlistedNon-exchangeTraded2021-11-3005624073core:ShareCapital2021-11-3005624073core:SharePremium2021-11-3005624073core:RevaluationReserve2021-11-3005624073core:OtherReservesSubtotal2021-11-3005624073core:RetainedEarningsAccumulatedLosses2021-11-3005624073core:NetGoodwill2020-11-3005624073core:IntangibleAssetsOtherThanGoodwill2020-11-3005624073core:LandBuildings2020-11-3005624073core:PlantMachinery2020-11-3005624073core:Vehicles2020-11-3005624073core:FurnitureFittings2020-11-3005624073core:OfficeEquipment2020-11-3005624073core:AfterOneYear2020-11-3005624073core:WithinOneYear2020-11-3005624073core:ListedExchangeTraded2020-11-3005624073core:UnlistedNon-exchangeTraded2020-11-3005624073core:ShareCapital2020-11-3005624073core:SharePremium2020-11-3005624073core:RevaluationReserve2020-11-3005624073core:OtherReservesSubtotal2020-11-3005624073core:RetainedEarningsAccumulatedLosses2020-11-3005624073core:NetGoodwill2019-12-0105624073core:IntangibleAssetsOtherThanGoodwill2019-12-0105624073core:LandBuildings2019-12-0105624073core:PlantMachinery2019-12-0105624073core:Vehicles2019-12-0105624073core:FurnitureFittings2019-12-0105624073core:OfficeEquipment2019-12-0105624073core:AfterOneYear2019-12-0105624073core:WithinOneYear2019-12-0105624073core:ListedExchangeTraded2019-12-0105624073core:UnlistedNon-exchangeTraded2019-12-0105624073core:ShareCapital2019-12-0105624073core:SharePremium2019-12-0105624073core:RevaluationReserve2019-12-0105624073core:OtherReservesSubtotal2019-12-0105624073core:RetainedEarningsAccumulatedLosses2019-12-0105624073core:AfterOneYear2020-12-012021-11-3005624073core:WithinOneYear2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:CostValuation2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-12-012021-11-3005624073core:Non-currentFinancialInstrumentscore:CostValuation2021-11-3005624073core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-11-3005624073core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-11-3005624073core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-11-3005624073core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-11-3005624073core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-11-3005624073core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-11-3005624073core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-11-3005624073core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-11-3005624073core:Non-currentFinancialInstrumentscore:CostValuation2020-11-3005624073core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-11-3005624073core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-11-3005624073core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-11-3005624073core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-11-3005624073core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-11-3005624073core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-11-3005624073core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-11-3005624073core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-11-3005624073bus:Director12020-12-012021-11-3005624073bus:Director22020-12-012021-11-3005624073core:FurnitureFittingsToolsEquipment2020-11-3005624073core:FurnitureFittingsToolsEquipment2020-12-012021-11-3005624073core:FurnitureFittingsToolsEquipment2021-11-30

GUILDHALL DEVELOPMENTS LIMITED

Registered Number
05624073
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2021

GUILDHALL DEVELOPMENTS LIMITED
Company Information
for the year from 1 December 2020 to 30 November 2021

Directors

GALE RUMENS, Lori
RUMENS, Paul Murray

Registered Address

The Stable Yard Vicarage Road
Stony Stratford
Milton Keynes
MK11 1BN

Place of Business

Home Farm House

Hillcrest Avenue

Northampton

NN3 2AB


Registered Number

05624073 (England and Wales)
GUILDHALL DEVELOPMENTS LIMITED
Balance Sheet as at
30 November 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets61,212608
1,212608
Current assets
Debtors831,620415,276
Cash at bank and on hand1,40212,318
33,022427,594
Creditors amounts falling due within one year9(57,739)(356,285)
Net current assets (liabilities)(24,717)71,309
Total assets less current liabilities(23,505)71,917
Creditors amounts falling due after one year10(110,833)(195,535)
Net assets(134,338)(123,618)
Capital and reserves
Called up share capital11
Profit and loss account(134,339)(123,619)
Shareholders' funds(134,338)(123,618)
The financial statements were approved and authorised for issue by the Board of Directors on 28 August 2022, and are signed on its behalf by:
GALE RUMENS, Lori
Director
RUMENS, Paul Murray
Director

Registered Company No. 05624073
GUILDHALL DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 November 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of building contractor works.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings20
Office Equipment33
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
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 policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Government grants and other government assistance policy
Government grants received in the year are in respect of furlough and interest on loans from the Covid-19 pandemic, and are recognised in the periods to which they relate.
5.Employee information

20212020
Average number of employees during the year22
6.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 December 209821,6953,4536,130
Additions--1,1911,191
At 30 November 219821,6954,6447,321
Depreciation and impairment
At 01 December 209671,6132,9425,522
Charge for year417566587
At 30 November 219711,6303,5086,109
Net book value
At 30 November 2111651,1361,212
At 30 November 201582511608
7.Description of nature of transactions and balances with related parties
There are related party transactions in so far that Guildhall Developments Ltd did the building work for two properties which were personally owned by the directors, Paul Rumens and Lori Gale-Rumens. Guildhall Developments Ltd thus footed all building and associated development costs, and then charged Paul and Lori for the works - they sold the properties during the year under review.
8.Debtors

2021

2020

££
Trade debtors / trade receivables-2,358
Other debtors54929,736
Prepayments and accrued income-354,674
Deferred tax asset, debtors31,07128,508
Total31,620415,276
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2021

2020

££
Bank borrowings and overdrafts10,0004,465
Taxation and social security-1,002
Other creditors38,73924,531
Accrued liabilities and deferred income9,000326,287
Total57,739356,285
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2021

2020

££
Bank borrowings and overdrafts35,83345,535
Other creditors75,000150,000
Total110,833195,535