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Company Registration No. 11468559 (England and Wales)
GSF HOMES LTD Unaudited accounts for the year ended 31 July 2023
GSF HOMES LTD Unaudited accounts Contents
Page
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GSF HOMES LTD Company Information for the year ended 31 July 2023
Director
George Fry
Company Number
11468559 (England and Wales)
Registered Office
8 VERNON GROVE CAERWENT CALDICOT MONMOUTHSHIRE NP26 4QU UNITED KINGDOM
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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GSF HOMES LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
230,000 
230,000 
Current assets
Debtors
- 
302 
Cash at bank and in hand
6,916 
2,597 
6,916 
2,899 
Creditors: amounts falling due within one year
(68,755)
(66,912)
Net current liabilities
(61,839)
(64,013)
Total assets less current liabilities
168,161 
165,987 
Creditors: amounts falling due after more than one year
(174,495)
(174,495)
Net liabilities
(6,334)
(8,508)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,335)
(8,509)
Shareholders' funds
(6,334)
(8,508)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2023 and were signed on its behalf by
George Fry Director Company Registration No. 11468559
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GSF HOMES LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GSF HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 11468559. The registered office is 8 VERNON GROVE, CAERWENT, CALDICOT, MONMOUTHSHIRE, NP26 4QU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
The director has considered the effect of future events on the company and has determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
230,000 
At 31 July 2023
230,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
302 
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GSF HOMES LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
68,228 
66,312 
Accruals
527 
600 
68,755 
66,912 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
174,495 
174,495 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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