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REGISTERED NUMBER: 09178132 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

G D S Homes Limited

G D S Homes Limited (Registered number: 09178132)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G D S Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs S R Williamson
G D Williamson





SECRETARY: Mrs S R Williamson





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Cosham
PO6 3TH





REGISTERED NUMBER: 09178132 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

G D S Homes Limited (Registered number: 09178132)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 540,489 540,489

CURRENT ASSETS
Debtors 5 1,389 414
Cash at bank 18,075 8,769
19,464 9,183
CREDITORS
Amounts falling due within one year 6 119,718 116,614
NET CURRENT LIABILITIES (100,254 ) (107,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,235

433,058

CREDITORS
Amounts falling due after more than one
year

7

326,398

326,398
NET ASSETS 113,837 106,660

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 113,637 106,460
SHAREHOLDERS' FUNDS 113,837 106,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 D S Homes Limited (Registered number: 09178132)

Balance Sheet - continued
31 August 2024


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 28 October 2024 and were signed on its behalf by:




G D Williamson - Director



Mrs S R Williamson - Director


G D S Homes Limited (Registered number: 09178132)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

G D S 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.

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 represents invoiced sales of services, and rental income received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 540,489
NET BOOK VALUE
At 31 August 2024 540,489
At 31 August 2023 540,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,389 414

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,802 2,026
Other creditors 117,916 114,588
119,718 116,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 326,398 326,398

G D S Homes Limited (Registered number: 09178132)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 326,398 326,398

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 326,398 326,398

A floating charge was created on 4 July 2016 by Paragon Mortgages (2010) Limited over the investment property at Plot 62 Hawthorn Mew, 36 Brunel Way, Havant, Hants.

A floating charge was created on 19 January 2018 by Paragon Bank Plc over the investment property at 11 The Old Brewery, London Road, Horndean, Waterlooville, Hants.

A further floating charge was created on 8 February 2019 by Paragon Bank PLC over the investment property at 131C Elizabeth Road, Waterlooville, Hants.

9. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling parties are the Directors.