Registered number
08502249
Geraint Homes Ltd
Unaudited Filleted Accounts
30 April 2024
Geraint Homes Ltd
Registered number: 08502249
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Stocks 110,000 163,586
Debtors 3 50 314
Cash at bank and in hand 453 62
110,503 163,962
Creditors: amounts falling due within one year 4 (158,684) (158,900)
Net current (liabilities)/assets (48,181) 5,062
Total assets less current liabilities (48,181) 5,062
Creditors: amounts falling due after more than one year 5 (11,574) (13,723)
Net liabilities (59,755) (8,661)
Capital and reserves
Called up share capital 2 2
Profit and loss account (59,757) (8,663)
Shareholders' funds (59,755) (8,661)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anthony Charles Leigh
Director
Approved by the board on 27 November 2024
Geraint Homes Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Going concern
These accounts have been prepared on a going concern basis which assumes that the company will continue to trade for at least the next 12 months. The director has confirmed that he will continue to support the company to enable it to meet its liabilities as they fall due.
Stocks
Stocks relate to land acquired for development purposes and is valued at the lower of cost and net realisable value. Cost of work in progress comprises direct materials, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

The Director considers all inventories to be essentially current in nature. It is not possible to determine with accuracy when specific inventory will be realised, as this will be subject to a number of variables such as consumer demand and planning permission delays.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Other debtors 50 314
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,170 1,467
Taxation and social security costs 5,616 -
Other creditors 150,898 157,433
158,684 158,900
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,574 13,723
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 2,893 5,361
7 Related party transactions
Interest free unsecured loans were made to and repaid from the company by Anthony Charles Leigh during the period. The amount due to Anthony Charles Leigh at the period end was £150,279 (2023: £157,120). Loans are repayable on demand.
8 Controlling party
The company is controlled by Anthony Charles Leigh.
9 Other information
Geraint Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Ynys Cyngar
Morfa Bychan
Porthmadog
Gwynedd
LL49 9UU
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