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REGISTERED NUMBER: SC322367 (Scotland)






































GMD Homes Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






GMD Homes Limited (Registered number: SC322367)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 5


GMD Homes Limited

Company Information
for the year ended 31st March 2023







Directors: G R R Drummond
Mrs M F Drummond





Secretary: Mrs M F Drummond





Registered office: Coldingham Law Farm
Coldingham
Eyemouth
Berwickshire
TD14 5PY





Registered number: SC322367 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

GMD Homes Limited (Registered number: SC322367)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
Current assets
Debtors 4 45 20,000
Cash at bank 26,195 28,626
26,240 48,626
Creditors
Amounts falling due within one year 5 240 20,601
Net current assets 26,000 28,025
Total assets less current liabilities 26,000 28,025

Capital and reserves
Called up share capital 2 2
Retained earnings 25,998 28,023
Shareholders' funds 26,000 28,025

GMD Homes Limited (Registered number: SC322367)

Balance Sheet - continued
31st March 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st December 2023 and were signed on its behalf by:





Mrs M F Drummond - Director


GMD Homes Limited (Registered number: SC322367)

Notes to the Financial Statements
for the year ended 31st March 2023

1. Statutory information

GMD Homes Limited is a private company, limited by shares , registered in Scotland. 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.

Financial instruments
The following assets and liabilities are classified as financial instruments - directors' loans and accruals.

Directors' loans (being repayable on demand) and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The company disposed of its assets during the year to 31st March 2021 and has now ceased trading.

GMD Homes Limited (Registered number: SC322367)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

3. Employees and directors

The average number of employees during the year was NIL (2022 - 1 ).

4. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 45 20,000

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Other creditors 240 20,601

6. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
G R R Drummond and Mrs M F Drummond
Balance outstanding at start of year - -
Amounts advanced 45 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45 -

This loan is unsecured and repayable on demand. No interest has been charged as the loan is below the HMRC reporting level.