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Registration number: 13694425

Great UK Housing Ltd

Annual Report and Unaudited Financial Statements

for the Period from 21 October 2021 to 31 October 2022

 

Great UK Housing Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

Great UK Housing Ltd

Company Information

Directors

MR Cooper

Ms MK Lee

Registered office

Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

Great UK Housing Ltd

(Registration number: 13694425)
Balance Sheet as at 31 October 2022

Note

2022
£

Fixed assets

 

Investment property

4

233,153

Current assets

 

Cash at bank and in hand

 

7,909

Creditors: Amounts falling due within one year

5

(256,190)

Net current liabilities

 

(248,281)

Net liabilities

 

(15,128)

Capital and reserves

 

Called up share capital

100

Retained earnings

(15,228)

Shareholders' deficit

 

(15,128)

 

Great UK Housing Ltd

(Registration number: 13694425)
Balance Sheet as at 31 October 2022

For the financial period ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2023 and signed on its behalf by:
 

.........................................
MR Cooper
Director

.........................................
Ms MK Lee
Director

 

Great UK Housing Ltd

Notes to the Unaudited Financial Statements for the Period from 21 October 2021 to 31 October 2022

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:
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

These financial statements were authorised for issue by the Board on 16 October 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Great UK Housing Ltd

Notes to the Unaudited Financial Statements for the Period from 21 October 2021 to 31 October 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2022
£

Additions

233,153

At 31 October

233,153

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Trade creditors

14,475

Accruals and deferred income

1,320

Other creditors

240,395

256,190

6

Related party transactions

Transactions with directors

2022

At 21 October 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

Directors' loan account

-

100

(240,376)

(240,276)

         
       

 

 

Great UK Housing Ltd