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REGISTERED NUMBER: 12282484 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GIBBUILD LTD

GIBBUILD LTD (REGISTERED NUMBER: 12282484)






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


GIBBUILD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: D Gibbs





REGISTERED OFFICE: Unit 9A Ashdown Business Park
Michael Way
Maresfield
Uckfield
East Sussex
TN22 2DU





REGISTERED NUMBER: 12282484 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

GIBBUILD LTD (REGISTERED NUMBER: 12282484)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 57,305 -
Investment property 5 1,432,003 1,341,233
1,489,308 1,341,233

CURRENT ASSETS
Debtors 6 1,100 -
Cash at bank 2,619 24,940
3,719 24,940
CREDITORS
Amounts falling due within one year 7 1,518,839 1,367,948
NET CURRENT LIABILITIES (1,515,120 ) (1,343,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,812 ) (1,775 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (25,912 ) (1,875 )
SHAREHOLDERS' FUNDS (25,812 ) (1,775 )

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 director acknowledges his 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.

GIBBUILD LTD (REGISTERED NUMBER: 12282484)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:





D Gibbs - Director


GIBBUILD LTD (REGISTERED NUMBER: 12282484)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Gibbuild Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is stated at cost as the property was under construction at the balance sheet date.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision will be established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:
- the contractual right to the cash flows from the financial asset expire or are settled; or
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
- the company, despite having retained some but not all off significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GIBBUILD LTD (REGISTERED NUMBER: 12282484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 67,418
At 31 August 2024 67,418
DEPRECIATION
Charge for year 10,113
At 31 August 2024 10,113
NET BOOK VALUE
At 31 August 2024 57,305

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,341,233
Additions 90,770
At 31 August 2024 1,432,003
NET BOOK VALUE
At 31 August 2024 1,432,003
At 31 August 2023 1,341,233

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,100 -

GIBBUILD LTD (REGISTERED NUMBER: 12282484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 978
Other creditors 1,518,839 1,366,970
1,518,839 1,367,948

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £1,517,919 (2023 - £1,366,110) to a company under common control. The loan is interest free and repayable on demand.

The ultimate controlling party is D Gibbs by virtue of his 100% shareholding in the company.