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REGISTERED NUMBER: 06041425 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

G P ATKIN HOMES LIMITED

G P ATKIN HOMES LIMITED (REGISTERED NUMBER: 06041425)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G P ATKIN HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: G P Atkin
F J J Atkin
H C G Atkin





SECRETARY: Mrs J D Busby





REGISTERED OFFICE: Moor Grange
Beverley Road
Beeford
Driffield
East Yorkshire
YO25 8AE





REGISTERED NUMBER: 06041425 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

G P ATKIN HOMES LIMITED (REGISTERED NUMBER: 06041425)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,013 74,264

CURRENT ASSETS
Stocks 2,007,342 1,315,125
Debtors 5 35,914 110,186
Cash at bank and in hand 1,618,835 2,432,933
3,662,091 3,858,244
CREDITORS
Amounts falling due within one year 6 967,722 1,400,936
NET CURRENT ASSETS 2,694,369 2,457,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,814,382

2,531,572

PROVISIONS FOR LIABILITIES 30,025 23,004
NET ASSETS 2,784,357 2,508,568

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve (999 ) (999 )
Retained earnings 2,784,356 2,508,567
SHAREHOLDERS' FUNDS 2,784,357 2,508,568

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

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

G P ATKIN HOMES LIMITED (REGISTERED NUMBER: 06041425)

BALANCE SHEET - continued
31 December 2023


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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





G P Atkin - Director


G P ATKIN HOMES LIMITED (REGISTERED NUMBER: 06041425)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

G P Atkin 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 (£).


The principal activity is that of house building.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

G P ATKIN HOMES LIMITED (REGISTERED NUMBER: 06041425)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 210,476
Additions 67,818
Disposals (44,150 )
At 31 December 2023 234,144
DEPRECIATION
At 1 January 2023 136,212
Charge for year 22,069
Eliminated on disposal (44,150 )
At 31 December 2023 114,131
NET BOOK VALUE
At 31 December 2023 120,013
At 31 December 2022 74,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,500 -
Other debtors 34,414 110,186
35,914 110,186

G P ATKIN HOMES LIMITED (REGISTERED NUMBER: 06041425)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 179,907 665,818
Taxation and social security 81,949 88,543
Other creditors 705,866 646,575
967,722 1,400,936

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan due to G P Atkin of £55,803 ( 2022 £55,803).This loan is interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to G P Atkin Construction Limited, a company under common control, of £581,704 ( 2022 £575,054).

9. ULTIMATE CONTROLLING PARTY

The controlling party is G P Atkin.