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
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
GIAA HOMES LTD
Statement of financial position
as at 31 March 2023
Tangible assets
21,399
5,195
Cash at bank and in hand
-
903
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)
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
GIAA HOMES LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
GIAA HOMES LTD
Notes to the Accounts
for the year ended 31 March 2023
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
-
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
3,287
3,465
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.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
(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).