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REGISTERED NUMBER: 09178132 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

G D S Homes Limited

G D S Homes Limited (Registered number: 09178132)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G D S Homes Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs S R Williamson
G D Williamson





SECRETARY: Mrs S R Williamson





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Cosham
PO6 3TH





REGISTERED NUMBER: 09178132 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

G D S Homes Limited (Registered number: 09178132)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 540,489 540,489

CURRENT ASSETS
Debtors 5 414 641
Cash at bank 8,769 24,783
9,183 25,424
CREDITORS
Amounts falling due within one year 6 116,614 94,191
NET CURRENT LIABILITIES (107,431 ) (68,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,058

471,722

CREDITORS
Amounts falling due after more than one
year

7

326,398

372,698
NET ASSETS 106,660 99,024

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 106,460 98,824
SHAREHOLDERS' FUNDS 106,660 99,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

G D S Homes Limited (Registered number: 09178132)

Balance Sheet - continued
31 August 2023


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 Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:




G D Williamson - Director



Mrs S R Williamson - Director


G D S Homes Limited (Registered number: 09178132)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

G D S Homes 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 represents invoiced sales of services, and rental income received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 540,489
NET BOOK VALUE
At 31 August 2023 540,489
At 31 August 2022 540,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 414 641

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,026 1,416
Other creditors 114,588 92,775
116,614 94,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 326,398 372,698

G D S Homes Limited (Registered number: 09178132)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 326,398 372,698

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 326,398 372,698

A floating charge was created on 4 July 2016 by Paragon Mortgages (2010) Limited over the investment property at Plot 62 Hawthorn Mew, 36 Brunel Way, Havant, Hants.

A floating charge was created on 19 January 2018 by Paragon Bank Plc over the investment property at 11 The Old Brewery, London Road, Horndean, Waterlooville, Hants.

A further floating charge was created on 8 February 2019 by Paragon Bank PLC over the investment property at 131C Elizabeth Road, Waterlooville, Hants.

9. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling parties are the Directors.