GUILDCREST HOMES UK LIMITED

Company Registration Number:
09036140 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

GUILDCREST HOMES UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

GUILDCREST HOMES UK LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 493,316 588,453
Total fixed assets: 493,316 588,453
Current assets
Stocks: 14,100,000 7,973,627
Debtors:   5,191,128 2,155,865
Cash at bank and in hand: 342,341 222,215
Total current assets: 19,633,469 10,351,707
Creditors: amounts falling due within one year:   (16,868,992) (8,593,589)
Net current assets (liabilities): 2,764,477 1,758,118
Total assets less current liabilities: 3,257,793 2,346,571
Total net assets (liabilities): 3,257,793 2,346,571
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 3,257,691 2,346,469
Shareholders funds: 3,257,793 2,346,571

The notes form part of these financial statements

GUILDCREST HOMES UK LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: Jeffrey Roy Smith
Status: Director

The notes form part of these financial statements

GUILDCREST HOMES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Tangible assets Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Plant and machinery Motor vehicles Land and buildings Cash and cash equivalents Depreciation method and rate 25%per annum on the reducing balance 25%per annum on the reducing balance 2%per annum on a straight line basis

Valuation and information policy

Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

GUILDCREST HOMES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

GUILDCREST HOMES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 969,053
Additions 13,848
Disposals (102,000)
At 31 May 2024 880,901
Depreciation
At 01 June 2023 380,600
Charge for year 6,985
At 31 May 2024 387,585
Net book value
At 31 May 2024 493,316
At 31 May 2023 588,453