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REGISTERED NUMBER: 00922963 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GILDAN (BUILDERS) LIMITED

GILDAN (BUILDERS) LIMITED (REGISTERED NUMBER: 00922963)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GILDAN (BUILDERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr G M Dance
Mr M J Dance
Mr M C Dance





SECRETARY: Mr M C Dance





REGISTERED OFFICE: Rosebank
Braishfield Road
Romsey
Hampshire
SO51 7NZ





REGISTERED NUMBER: 00922963 (England and Wales)






GILDAN (BUILDERS) LIMITED (REGISTERED NUMBER: 00922963)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 34,893 4,259
Investment property 6 295,001 295,001
329,894 299,260

CURRENT ASSETS
Debtors 7 419,500 601,084
Cash at bank 455,485 511,051
874,985 1,112,135
CREDITORS
Amounts falling due within one year 8 142,548 173,163
NET CURRENT ASSETS 732,437 938,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,062,331

1,238,232

PROVISIONS FOR LIABILITIES 27,087 27,087
NET ASSETS 1,035,244 1,211,145

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 115,477 115,477
Retained earnings 918,767 1,094,668
SHAREHOLDERS' FUNDS 1,035,244 1,211,145

GILDAN (BUILDERS) LIMITED (REGISTERED NUMBER: 00922963)

BALANCE SHEET - continued
30 NOVEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:




Mr G M Dance - Director



Mr M C Dance - Director


GILDAN (BUILDERS) LIMITED (REGISTERED NUMBER: 00922963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Gildan (Builders) 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is the value of building and contracting services rendered in the normal course of business, exclusive of Value Added Tax. Retentions on contracts are only accounted for as turnover when received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 20% straight line
Office equipment - 20% straight line
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

Investment property
Investment property is initially recognised at cost which includes the purchase price and directly attributable expenditure. This is subsequently measured at fair value at each reporting date with changes in fair value recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

GILDAN (BUILDERS) LIMITED (REGISTERED NUMBER: 00922963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant & Office Motor Computer
equipment equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 20,819 9,159 44,567 15,460 90,005
Additions - 1,812 32,378 - 34,190
Disposals - - (38,967 ) - (38,967 )
At 30 November 2024 20,819 10,971 37,978 15,460 85,228
DEPRECIATION
At 1 December 2023 20,818 7,805 44,567 12,556 85,746
Charge for year - 1,094 1,171 1,289 3,554
Eliminated on disposal - - (38,965 ) - (38,965 )
At 30 November 2024 20,818 8,899 6,773 13,845 50,335
NET BOOK VALUE
At 30 November 2024 1 2,072 31,205 1,615 34,893
At 30 November 2023 1 1,354 - 2,904 4,259

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 295,001
NET BOOK VALUE
At 30 November 2024 295,001
At 30 November 2023 295,001

GILDAN (BUILDERS) LIMITED (REGISTERED NUMBER: 00922963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:

£
Valuation in 2006 12,564
Valuation in 2009 5,000
Valuation in 2011 (10,050 )
Valuation in 2014 20,050
Valuation in 2015 5,000
Valuation in 2016 25,000
Valuation in 2017 15,000
Valuation in 2018 10,000
Valuation in 2019 15,000
Valuation in 2020 15,000
Valuation in 2021 20,000
Valuation in 2023 10,000
Cost 152,437
295,001


7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 244,128 423,371
Other debtors 21,391 23,732
265,519 447,103

Amounts falling due after more than one year:
Amounts owed by group undertakings 153,981 153,981

Aggregate amounts 419,500 601,084

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,275 80,498
Amounts owed to group undertakings 4,735 2,026
Taxation and social security 37,470 40,775
Other creditors 46,068 49,864
142,548 173,163

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

GILDAN (BUILDERS) LIMITED (REGISTERED NUMBER: 00922963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


10. RESERVES
Fair
value
reserve
£   
At 1 December 2023
and 30 November 2024 115,477

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.