Gordon House Developments Limited Filleted Accounts Cover
Gordon House Developments Limited
Company No. 06268873
Information for Filing with The Registrar
31 March 2024
Gordon House Developments Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was property development.
Directors
The Directors who served at any time during the year were as follows:
Benjamin Tebbutt
Patrick Atkinson
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Patrick Atkinson
Director
24 February 2025
Gordon House Developments Limited Balance Sheet Registrar
at
31 March 2024
Company No.
06268873
Notes
2024
2023
£
£
Current assets
Debtors
4
641,250642,369
Cash at bank and in hand
7542,872
642,004645,241
Creditors: Amount falling due within one year
5
(145,155)
(143,017)
Net current assets
496,849502,224
Total assets less current liabilities
496,849502,224
Creditors: Amounts falling due after more than one year
6
(116,853)
(126,837)
Net assets
379,996375,387
Capital and reserves
Called up share capital
100100
Profit and loss account
10
379,896375,287
Total equity
379,996375,387
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 24 February 2025 and signed on its behalf by:
Patrick Atkinson
Director
24 February 2025
Gordon House Developments Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Gordon House Developments Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 06268873
Its registered office is:
Forbes Park
2 Toton Close
Long Eaton
Nottingham
NG10 3TP
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The directors are not aware of any material threats to the ability of the company to continue as a going concern for the foreseeable future.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Debtors
2024
2023
£
£
Trade debtors
-1,200
Corporation tax recoverable
451451
Other debtors
640,533620,630
Prepayments and accrued income
26620,088
641,250642,369
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,8096,791
Trade creditors
2,2473,617
Taxes and social security
1,615
5,407
Loans from directors
116,562106,037
Accruals and deferred income
15,92221,165
145,155143,017
6
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
116,853126,837
116,853126,837
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
78,820
103,813
78,820103,813
7
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
113,740127,554
The bank borrowings are secured by a charge over the assets of the company
8
Share Capital
Share capital consists of 100 Ordinary Shares of £1 each, which are fully paid.
9
Related party transactions
The directors of the company are also directors of Gordon House Investments Limited.
At 31 March 2024 Gordon House Investments limited owed £640,533 (2023 £620,630) to the company.
The balance is unsecured, and is repayable upon demand.
Interest of £23,536 (2023 £23,536) was received on the balance during the year.
The company has paid interest at a commercial rate on the loan to the company made by the director, P.S Atkinson.
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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