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Registration number: 12864312

GDN House Ltd

Annual Report and Unaudited Financial Statements

for the Period from 8 September 2020 to 31 December 2021

 

GDN House Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

GDN House Ltd

(Registration number: 12864312)
Balance Sheet as at 31 December 2021

Note

2021
£

Current assets

 

Debtors

4

489,516

Cash at bank and in hand

 

137,020

 

626,536

Creditors: Amounts falling due within one year

5

(141,295)

Net assets

 

485,241

Capital and reserves

 

Called up share capital

100

Profit and loss account

485,141

Shareholders' funds

 

485,241

For the financial period ending 31 December 2021 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 accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 25 August 2022
 

.........................................
J M Hudson
Director

 

GDN House Ltd

Notes to the Unaudited Financial Statements for the Period from 8 September 2020 to 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of investment services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

GDN House Ltd

Notes to the Unaudited Financial Statements for the Period from 8 September 2020 to 31 December 2021

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3.

4

Debtors

2021
£

Trade debtors

36,000

Other debtors

453,516

489,516

5

Creditors

Creditors: amounts falling due within one year

2021
£

Due within one year

Taxation and social security

140,061

Other creditors

1,234

141,295

 

GDN House Ltd

Detailed Profit and Loss Account for the Period from 8 September 2020 to 31 December 2021

2021
£

 

Turnover

Rendering of services, UK

212,917

 

Employment costs

Wages and salaries

16,188

 

 

General administrative expenses

Accountancy fees

3,096

Legal and professional fees

15,931

19,027

 

Income from other fixed asset investments

Income from other investments (unlisted)

449,666