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Registered number: 14905768










GILLINGHAM HOMES LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 May 2024

 
GILLINGHAM HOMES LTD
Registered number: 14905768

Balance sheet
As at 31 May 2024

2024
Note
£

Fixed assets
  

Investment property
  
377,976

  
377,976

Current assets
  

Cash at bank and in hand
  
15,599

  
15,599

Creditors: amounts falling due within one year
 5 
(298,783)

Net current (liabilities)/assets
  
 
 
(283,184)

Total assets less current liabilities
  
94,792

Creditors: amounts falling due after more than one year
 6 
(169,296)

  

Net (liabilities)/assets
  
(74,504)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(74,604)

  
(74,504)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.




Page 1

 
GILLINGHAM HOMES LTD
Registered number: 14905768
    
Balance sheet (continued)
As at 31 May 2024

M Y Aksler
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
GILLINGHAM HOMES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 May 2024

1.


General information

Gillingham Homes Ltd is a private company limited by shares and registered in England and Wales.
The registered address is at 126 Gladesmore Road, London, N15 6TH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the period was 0.

Page 3

 
GILLINGHAM HOMES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 May 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
377,976



At 31 May 2024
377,976

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
377,976

377,976


5.


Creditors: Amounts falling due within one year

2024
£

Bank loans
126,302

Other creditors
171,761

Accruals and deferred income
720

298,783


Page 4

 
GILLINGHAM HOMES LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 May 2024

6.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
169,296

169,296


The following liabilities were secured:

2024
£



Bank loans
169,296

169,296

Details of security provided:

Bank loans are secured by way of fixed charge over the company's property.


7.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
126,302


126,302



Amounts falling due after more than 5 years

Bank loans
169,296

169,296

295,598

 
Page 5