2022-04-012023-03-312023-03-31false05518445GAT DEVELOPMENTS (MIDLANDS) LIMITED2023-11-02iso4217:GBPxbrli:pure055184452022-04-01055184452023-03-31055184452022-04-012023-03-31055184452021-04-01055184452022-03-31055184452021-04-012022-03-3105518445bus:SmallEntities2022-04-012023-03-3105518445bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3105518445bus:FullAccounts2022-04-012023-03-3105518445bus:PrivateLimitedCompanyLtd2022-04-012023-03-3105518445core:WithinOneYear2023-03-3105518445core:AfterOneYear2023-03-3105518445core:WithinOneYear2022-03-3105518445core:AfterOneYear2022-03-3105518445core:ShareCapital2023-03-3105518445core:SharePremium2023-03-3105518445core:RevaluationReserve2023-03-3105518445core:OtherReservesSubtotal2023-03-3105518445core:RetainedEarningsAccumulatedLosses2023-03-3105518445core:ShareCapital2022-03-3105518445core:SharePremium2022-03-3105518445core:RevaluationReserve2022-03-3105518445core:OtherReservesSubtotal2022-03-3105518445core:RetainedEarningsAccumulatedLosses2022-03-3105518445core:LandBuildings2023-03-3105518445core:PlantMachinery2023-03-3105518445core:Vehicles2023-03-3105518445core:FurnitureFittings2023-03-3105518445core:OfficeEquipment2023-03-3105518445core:NetGoodwill2023-03-3105518445core:IntangibleAssetsOtherThanGoodwill2023-03-3105518445core:ListedExchangeTraded2023-03-3105518445core:UnlistedNon-exchangeTraded2023-03-3105518445core:LandBuildings2022-03-3105518445core:PlantMachinery2022-03-3105518445core:Vehicles2022-03-3105518445core:FurnitureFittings2022-03-3105518445core:OfficeEquipment2022-03-3105518445core:NetGoodwill2022-03-3105518445core:IntangibleAssetsOtherThanGoodwill2022-03-3105518445core:ListedExchangeTraded2022-03-3105518445core:UnlistedNon-exchangeTraded2022-03-3105518445core:LandBuildings2022-04-012023-03-3105518445core:PlantMachinery2022-04-012023-03-3105518445core:Vehicles2022-04-012023-03-3105518445core:FurnitureFittings2022-04-012023-03-3105518445core:OfficeEquipment2022-04-012023-03-3105518445core:NetGoodwill2022-04-012023-03-3105518445core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105518445core:ListedExchangeTraded2022-04-012023-03-3105518445core:UnlistedNon-exchangeTraded2022-04-012023-03-3105518445core:MoreThanFiveYears2022-04-012023-03-3105518445core:Non-currentFinancialInstruments2023-03-3105518445core:Non-currentFinancialInstruments2022-03-3105518445dpl:CostSales2022-04-012023-03-3105518445dpl:DistributionCosts2022-04-012023-03-3105518445core:LandBuildings2022-04-012023-03-3105518445core:PlantMachinery2022-04-012023-03-3105518445core:Vehicles2022-04-012023-03-3105518445core:FurnitureFittings2022-04-012023-03-3105518445core:OfficeEquipment2022-04-012023-03-3105518445dpl:AdministrativeExpenses2022-04-012023-03-3105518445core:NetGoodwill2022-04-012023-03-3105518445core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105518445dpl:GroupUndertakings2022-04-012023-03-3105518445dpl:ParticipatingInterests2022-04-012023-03-3105518445dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3105518445core:ListedExchangeTraded2022-04-012023-03-3105518445dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3105518445core:UnlistedNon-exchangeTraded2022-04-012023-03-3105518445dpl:CostSales2021-04-012022-03-3105518445dpl:DistributionCosts2021-04-012022-03-3105518445core:LandBuildings2021-04-012022-03-3105518445core:PlantMachinery2021-04-012022-03-3105518445core:Vehicles2021-04-012022-03-3105518445core:FurnitureFittings2021-04-012022-03-3105518445core:OfficeEquipment2021-04-012022-03-3105518445dpl:AdministrativeExpenses2021-04-012022-03-3105518445core:NetGoodwill2021-04-012022-03-3105518445core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3105518445dpl:GroupUndertakings2021-04-012022-03-3105518445dpl:ParticipatingInterests2021-04-012022-03-3105518445dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3105518445core:ListedExchangeTraded2021-04-012022-03-3105518445dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3105518445core:UnlistedNon-exchangeTraded2021-04-012022-03-3105518445core:NetGoodwill2023-03-3105518445core:IntangibleAssetsOtherThanGoodwill2023-03-3105518445core:LandBuildings2023-03-3105518445core:PlantMachinery2023-03-3105518445core:Vehicles2023-03-3105518445core:FurnitureFittings2023-03-3105518445core:OfficeEquipment2023-03-3105518445core:AfterOneYear2023-03-3105518445core:WithinOneYear2023-03-3105518445core:ListedExchangeTraded2023-03-3105518445core:UnlistedNon-exchangeTraded2023-03-3105518445core:ShareCapital2023-03-3105518445core:SharePremium2023-03-3105518445core:RevaluationReserve2023-03-3105518445core:OtherReservesSubtotal2023-03-3105518445core:RetainedEarningsAccumulatedLosses2023-03-3105518445core:NetGoodwill2022-03-3105518445core:IntangibleAssetsOtherThanGoodwill2022-03-3105518445core:LandBuildings2022-03-3105518445core:PlantMachinery2022-03-3105518445core:Vehicles2022-03-3105518445core:FurnitureFittings2022-03-3105518445core:OfficeEquipment2022-03-3105518445core:AfterOneYear2022-03-3105518445core:WithinOneYear2022-03-3105518445core:ListedExch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GAT DEVELOPMENTS (MIDLANDS) LIMITED

Registered Number
05518445
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

GAT DEVELOPMENTS (MIDLANDS) LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

TOMALIN, Michael Herbert
TOMALIN, Susan Frances

Company Secretary

TOMALIN, Susan Frances

Registered Address

35-37 St. Leonards Road
Northampton
NN4 8DL

Registered Number

05518445 (England and Wales)
GAT DEVELOPMENTS (MIDLANDS) LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets62,5043,471
Investments732,444432,465
34,948435,936
Current assets
Stocks864,08764,087
Debtors926612,490
Cash at bank and on hand927,804832,669
992,157909,246
Creditors amounts falling due within one year10(913)(293,097)
Net current assets (liabilities)991,244616,149
Total assets less current liabilities1,026,1921,052,085
Creditors amounts falling due after one year11(33,155)(42,014)
Provisions for liabilities12(437)(570)
Net assets992,6001,009,501
Capital and reserves
Called up share capital100100
Profit and loss account992,5001,009,401
Shareholders' funds992,6001,009,501
The financial statements were approved and authorised for issue by the Board of Directors on 2 November 2023, and are signed on its behalf by:
TOMALIN, Michael Herbert
Director
Registered Company No. 05518445
GAT DEVELOPMENTS (MIDLANDS) LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

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 is Property Developers
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 machinery33
Fixtures and fittings33
Vehicles25
Office Equipment25
Stocks policy
Inventories 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.
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.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year00
6.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2254,57520,0675,2223,27283,136
At 31 March 2354,57520,0675,2223,27283,136
Depreciation and impairment
At 01 April 2253,80618,2924,7502,81779,665
Charge for year254444155114967
At 31 March 2354,06018,7364,9052,93180,632
Net book value
At 31 March 235151,3313173412,504
At 31 March 227691,7754724553,471
7.Fixed asset investments

Loans to groups1

Total

££
Cost or valuation
At 01 April 22432,465432,465
Transfers(400,021)(400,021)
At 31 March 2332,44432,444
Net book value
At 31 March 2332,44432,444
At 31 March 22432,465432,465

Notes

1Loans to group undertakings and participating interests
8.Stocks

2023

2022

££
Work in progress64,08764,087
Total64,08764,087
9.Debtors

2023

2022

££
Other debtors-11,889
Prepayments and accrued income266601
Total26612,490
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.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables182,052
Other creditors245290,245
Accrued liabilities and deferred income650800
Total913293,097
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.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts33,15542,014
Total33,15542,014
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)437570
Total437570