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REGISTERED NUMBER: 10898254 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Gwaun Homes Limited

Gwaun Homes Limited (Registered number: 10898254)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gwaun Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R K Thomas
Mrs D A Thomas





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 10898254 (England and Wales)

Gwaun Homes Limited (Registered number: 10898254)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,730 8,914

CURRENT ASSETS
Stocks 178,000 147,928
Debtors 5 79,728 50,805
Cash at bank 131,542 142,293
389,270 341,026
CREDITORS
Amounts falling due within one year 6 287,486 238,915
NET CURRENT ASSETS 101,784 102,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,514

111,025

CREDITORS
Amounts falling due after more than one year 7 (10,058 ) (20,050 )

PROVISIONS FOR LIABILITIES (5,433 ) (1,694 )
NET ASSETS 108,023 89,281

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 108,003 89,261
108,023 89,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gwaun Homes Limited (Registered number: 10898254)

Balance Sheet - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





R K Thomas - Director


Gwaun Homes Limited (Registered number: 10898254)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Gwaun Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% straight line basis
Motor vehicles - 20% straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Gwaun Homes Limited (Registered number: 10898254)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 7,662 15,410 23,072
Additions 10,050 6,000 16,050
At 31 August 2024 17,712 21,410 39,122
DEPRECIATION
At 1 September 2023 2,398 11,760 14,158
Charge for year 1,834 1,400 3,234
At 31 August 2024 4,232 13,160 17,392
NET BOOK VALUE
At 31 August 2024 13,480 8,250 21,730
At 31 August 2023 5,264 3,650 8,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 75,827 42,427
Other debtors 3,901 8,378
79,728 50,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 62,660 17,398
Taxation and social security 9,304 23,848
Other creditors 207,189 189,336
287,486 238,915

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 10,058 20,050