1 April 2022 false No description of principal activity Taxfiler 2024.1 11251358business:PrivateLimitedCompanyLtd2022-04-012023-03-31 112513582022-03-31 112513582022-04-012023-03-31 11251358business:AuditExemptWithAccountantsReport2022-04-012023-03-31 11251358business:FilletedAccounts2022-04-012023-03-31 112513582023-03-31 11251358business:Director12022-04-012023-03-31 11251358business:RegisteredOffice2022-04-012023-03-31 112513582022-03-31 11251358core:WithinOneYear2023-03-31 11251358core:WithinOneYear2022-03-31 11251358core:AfterOneYear2023-03-31 11251358core:AfterOneYear2022-03-31 11251358core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11251358core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 11251358core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11251358core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 11251358core:PreviouslyStatedAmount2023-03-31 11251358core:PreviouslyStatedAmount2022-03-31 11251358business:SmallEntities2022-04-012023-03-31 11251358countries:EnglandWales2022-04-012023-03-31 11251358core:FurnitureFittings2022-04-012023-03-31 11251358core:FurnitureFittings2022-03-31 11251358core:FurnitureFittings2023-03-31 11251358core:MoreThanFiveYears2023-03-31 11251358core:MoreThanFiveYears2022-03-31 11251358core:AfterOneYear2022-04-012023-03-31 11251358business:Director112022-04-012023-03-31 11251358business:Director112022-03-31 11251358business:Director112023-03-31 112513582021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11251358 (England and Wales)
GIAA HOMES LTD Unaudited accounts for the year ended 31 March 2023
GIAA HOMES LTD Unaudited accounts Contents
Page
- 2 -
GIAA HOMES LTD Company Information for the year ended 31 March 2023
Director
Abiodun Ibiwumi FAMUYIBO
Company Number
11251358 (England and Wales)
Registered Office
3 GUMLEY ROAD GUMLEY ROAD GRAYS RM20 4XP UNITED KINGDOM
Accountants
MJ Support & Co Certified Accountants & Business Consultants 30 Churchill Place Canary Wharf E14 5EU
- 3 -
GIAA HOMES LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,399 
5,195 
Current assets
Debtors
8,972 
12,054 
Cash at bank and in hand
- 
903 
8,972 
12,957 
Creditors: amounts falling due within one year
(14,182)
(2,154)
Net current (liabilities)/assets
(5,210)
10,803 
Total assets less current liabilities
16,189 
15,998 
Creditors: amounts falling due after more than one year
(14,861)
(16,845)
Net assets/(liabilities)
1,328 
(847)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,327 
(848)
Shareholders' funds
1,328 
(847)
For the year ending 31 March 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 her 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 8 April 2024 and were signed on its behalf by
Abiodun Ibiwumi FAMUYIBO Director Company Registration No. 11251358
- 4 -
GIAA HOMES LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
GIAA HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 11251358. The registered office is 3 GUMLEY ROAD, GUMLEY ROAD, GRAYS, RM20 4XP, 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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
14,321 
Additions
20,940 
At 31 March 2023
35,261 
Depreciation
At 1 April 2022
9,126 
Charge for the year
4,736 
At 31 March 2023
13,862 
Net book value
At 31 March 2023
21,399 
At 31 March 2022
5,195 
- 5 -
GIAA HOMES LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
8,972 
12,054 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,067 
- 
Taxes and social security
199 
199 
Other creditors
5,575 
1,535 
Loans from directors
5,181 
- 
Accruals
1,160 
420 
14,182 
2,154 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,574 
13,380 
Other creditors
3,287 
3,465 
14,861 
16,845 
Aggregate of amounts that fall due for payment after five years
5,669 
7,500 
Creditors includes the Bounce Back Loan for the amount of £11,573.73 GBP which is unsecured, and repayable together with the interest payments in 8 years.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Abiodun Ibiwumi FAMUYIBO
Director Loan
(4,081)
9,262 
- 
5,181 
(4,081)
9,262 
- 
5,181 
9
Transactions with related parties
Other debtors includes the amount of £1,400.00 GBP is due from TG GROUP LIMITED where Abiodun Ibiwumi FAMUYIBO is also director and shareholder. The loan is unsecured, bearing no interest and repayable on demand. Other debtors includes the amount of £998.52 GBP is due from HG APARTMENTS LTD where Abiodun Ibiwumi FAMUYIBO is also director and shareholder. The loan is unsecured, bearing no interest and repayable on demand. Other creditors includes the amount of £5,575.00 GBP is due to ALADIAH CONSULT LTD where Abiodun Ibiwumi FAMUYIBO is also director and shareholder. The loan is unsecured, bearing no interest and repayable on demand.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -