Gordon Court Developments Limited 14929375 false 2023-06-12 2024-06-30 2024-06-30 The principal activity of the company is the development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true true 14929375 2023-06-12 2024-06-30 14929375 2024-06-30 14929375 bus:Director1 1 2024-06-30 14929375 bus:Director3 1 2024-06-30 14929375 core:CurrentFinancialInstruments 2024-06-30 14929375 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14929375 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 14929375 bus:SmallEntities 2023-06-12 2024-06-30 14929375 bus:AuditExemptWithAccountantsReport 2023-06-12 2024-06-30 14929375 bus:FilletedAccounts 2023-06-12 2024-06-30 14929375 bus:SmallCompaniesRegimeForAccounts 2023-06-12 2024-06-30 14929375 bus:RegisteredOffice 2023-06-12 2024-06-30 14929375 bus:Director1 2023-06-12 2024-06-30 14929375 bus:Director1 1 2023-06-12 2024-06-30 14929375 bus:Director3 2023-06-12 2024-06-30 14929375 bus:Director3 1 2023-06-12 2024-06-30 14929375 bus:PrivateLimitedCompanyLtd 2023-06-12 2024-06-30 14929375 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-12 2024-06-30 14929375 countries:EnglandWales 2023-06-12 2024-06-30 14929375 bus:Director1 1 2023-06-11 14929375 bus:Director3 1 2023-06-11 iso4217:GBP xbrli:pure

Registration number: 14929375

Gordon Court Developments Limited

Unaudited Filleted Financial Statements

for the Period from 12 June 2023 to 30 June 2024

 

Gordon Court Developments Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Gordon Court Developments Limited

(Registration number: 14929375)
Statement of Financial Position as at 30 June 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

200,000

Current assets

 

Stocks

5

829,781

Debtors

6

29,379

Cash at bank and in hand

 

102,312

 

961,472

Creditors: Amounts falling due within one year

7

(1,090,465)

Net current liabilities

 

(128,993)

Net assets

 

71,007

Capital and reserves

 

Called up share capital

4

Profit and loss account

71,003

Shareholders' funds

 

71,007

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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

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 Statement of Comprehensive Income.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 


F M C Bettison
Director

 

Gordon Court Developments Limited

Notes to the Unaudited Financial Statements for the Period from 12 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Plym House, 3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT

Principal activity

The principal activity of the company is the development of building projects.

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 financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

 

Gordon Court Developments Limited

Notes to the Unaudited Financial Statements for the Period from 12 June 2023 to 30 June 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration on rents and service charges received and receivable in the ordinary course of the company’s activities. Turnover is shown net of 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Gordon Court Developments Limited

Notes to the Unaudited Financial Statements for the Period from 12 June 2023 to 30 June 2024 (continued)

2

Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

 

Gordon Court Developments Limited

Notes to the Unaudited Financial Statements for the Period from 12 June 2023 to 30 June 2024 (continued)

4

Tangible assets

Freehold land and buildings
£

Total
£

Cost or valuation

Additions

200,000

200,000

At 30 June 2024

200,000

200,000

Depreciation

Carrying amount

At 30 June 2024

200,000

200,000

5

Stocks

2024
£

Work in progress

829,781

6

Debtors

2024
£

Trade debtors

23,128

Other debtors

1,983

Prepayments

4,268

29,379

 

Gordon Court Developments Limited

Notes to the Unaudited Financial Statements for the Period from 12 June 2023 to 30 June 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

Taxation and social security

20,232

Accruals and deferred income

7,786

Other creditors

1,062,447

1,090,465

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Related party transactions

Transactions with directors

2024

At 12 June 2023
£

Other payments made to company by director
£

At 30 June 2024
£

F M C Bettison

-

531,224

531,224

       
     

O J S Bettison

-

531,223

531,223