GIPSIL Homes Limited 11832383 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is property rental and development Digita Accounts Production Advanced 6.30.9574.0 true true true 11832383 2023-04-01 2024-03-31 11832383 2024-03-31 11832383 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11832383 bus:SmallEntities 2023-04-01 2024-03-31 11832383 bus:Audited 2023-04-01 2024-03-31 11832383 bus:FilletedAccounts 2023-04-01 2024-03-31 11832383 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11832383 bus:RegisteredOffice 2023-04-01 2024-03-31 11832383 bus:Director13 2023-04-01 2024-03-31 11832383 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 11832383 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 11832383 1 2023-04-01 2024-03-31 11832383 countries:EnglandWales 2023-04-01 2024-03-31 11832383 2022-04-01 2023-03-31 11832383 2023-03-31 11832383 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 11832383

GIPSIL Homes Limited

(A company limited by guarantee)

Filleted Financial Statements

for the Year Ended 31 March 2024

 

GIPSIL Homes Limited

(Registration number: 11832383)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

6,398

-

Creditors: Amounts falling due within one year

4

(1,428)

-

Net assets

 

4,970

-

Reserves

 

Retained earnings

4,970

-

Surplus

 

4,970

-

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 October 2024 and signed on its behalf by:
 

.........................................
A S Petrie
Director

 

GIPSIL Homes Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Old Fire Station
Gipton Approach
LEEDS
LS9 6NL

These financial statements were authorised for issue by the Board on 9 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are presented in UK sterling and rounded to the nearest pounds.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 9 October 2024 was Sarah Wearing, FCA, DChA, who signed for and on behalf of HPH.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received for rent for the relevant rent period.

 

GIPSIL Homes Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (excluding unpaid directors) during the year, was 0 (2023 - 0).

The company utilises employees of the parent entity for which it is recharged during the year,

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts owed to group undertakings and undertakings in which the company has a participating interest

548

-

Accruals and deferred income

880

-

1,428

-

5

Parent and ultimate parent undertaking

The company's immediate parent is GIPSIL Limited, incorporated in England and Wales.

  These financial statements are available upon request from The Old Fire Station, Gipton Approach, Gipton, Leeds, LS9 6NL.