IRIS Accounts Production v23.3.1.45 03910141 director 1.7.22 30.6.23 30.6.23 19.1.24 0 0 false true false false true false Auditors Opinion Ordinary share capital 1.00000 Ordinary share capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039101412022-06-30039101412023-06-30039101412022-07-012023-06-30039101412021-06-30039101412021-07-012022-06-30039101412022-06-3003910141ns10:Originalns15:EnglandWales2022-07-012023-06-3003910141ns14:PoundSterlingns10:Original2022-07-012023-06-3003910141ns10:Originalns10:Director12022-07-012023-06-3003910141ns10:Original2022-07-012023-06-3003910141ns10:Original2023-06-3003910141ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003910141ns10:Originalns10:SmallEntities2022-07-012023-06-3003910141ns10:Originalns10:Audited2022-07-012023-06-3003910141ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003910141ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3003910141ns10:Originalns10:FullAccounts2022-07-012023-06-3003910141ns10:Original2021-07-012022-06-3003910141ns10:Originalns10:EntityNoLongerTradingButTradedInPast2022-07-012023-06-3003910141ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3003910141ns10:Originalns10:RegisteredOffice2022-07-012023-06-3003910141ns10:Original2022-06-3003910141ns10:Originalns5:CurrentFinancialInstruments2023-06-3003910141ns10:Originalns5:CurrentFinancialInstruments2022-06-3003910141ns5:ShareCapitalns10:Original2023-06-3003910141ns5:ShareCapitalns10:Original2022-06-3003910141ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3003910141ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3003910141ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 03910141 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

GFK HOMES LIMITED

GFK HOMES LIMITED (REGISTERED NUMBER: 03910141)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GFK HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2023







DIRECTOR: Miss L Kent





REGISTERED OFFICE: The Brands House
61 Kings Road
Halstead
Essex
CO9 1HA





REGISTERED NUMBER: 03910141 (England and Wales)





AUDITORS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

GFK HOMES LIMITED (REGISTERED NUMBER: 03910141)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash at bank 1,195 1,208

CREDITORS
Amounts falling due within one year 4 31,406 31,419
NET CURRENT LIABILITIES (30,211 ) (30,211 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,211

)

(30,211

)

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings (30,212 ) (30,212 )
SHAREHOLDERS' FUNDS (30,211 ) (30,211 )

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2024 and were signed by:





Miss L Kent - Director


GFK HOMES LIMITED (REGISTERED NUMBER: 03910141)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023

1. STATUTORY INFORMATION

GFK Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Financial instruments
Financial assets, financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

GFK HOMES LIMITED (REGISTERED NUMBER: 03910141)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company has not traded in the current or previous year. Although the company's Balance Sheet shows net liabilities, the company has the continued support of its parent and fellow subsidiary companies and the amounts due to them will only become payable to the extent that funds allow.

In light of the above, the director has reviewed the going concern status of the business for the foreseeable future to the best of her ability and has concluded that she has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 31,406 31,419

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary share capital £1 1 1

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Coombe FCA (Senior Statutory Auditor)
for and on behalf of Burnside

7. RELATED PARTY DISCLOSURES

During the year, the company owed funds to group undertakings. At 30 June 2023, the company owed £31,406 (2022 - £31,419). These balances are unsecured, interest free and are repayable on demand.

Brands Direct Limited, a company registered in England and Wales is the immediate parent undertaking.

Brands Direct Group Limited, a company incorporated and registered in the British Virgin Islands, is the ultimate parent undertaking. The ultimate controlling party is Mr G F Kent.