Company Registration No. 08996598 (England and Wales)
G&H Property Developers Limited
Unaudited accounts
for the year ended 31 March 2025
G&H Property Developers Limited
Unaudited accounts
Contents
G&H Property Developers Limited
Company Information
for the year ended 31 March 2025
Directors
C N Howard
V J Gurung
Company Number
08996598 (England and Wales)
Registered Office
9 Commercial Yard
Barnard Castle
North Yorkshire
DL12 8FE
Accountants
Maddox & Maddox Limited
9 Commercial Yard
Barnard Castle
County Durham
DL12 8FE
G&H Property Developers Limited
Statement of financial position
as at 31 March 2025
Investment property
416,034
391,034
Cash at bank and in hand
14,006
10,704
Creditors: amounts falling due within one year
(120,272)
(127,892)
Net current liabilities
(106,266)
(117,188)
Total assets less current liabilities
309,768
273,846
Creditors: amounts falling due after more than one year
(163,241)
(159,700)
Provisions for liabilities
Deferred tax
(18,741)
(12,491)
Net assets
127,786
101,655
Called up share capital
2
2
Profit and loss account
127,784
101,653
Shareholders' funds
127,786
101,655
For the year ending 31 March 2025 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by
V J Gurung
Director
Company Registration No. 08996598
G&H Property Developers Limited
Notes to the Accounts
for the year ended 31 March 2025
G&H Property Developers Limited is a private company, limited by shares, registered in England and Wales, registration number 08996598. The registered office is 9 Commercial Yard, Barnard Castle, North Yorkshire, DL12 8FE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
391,034
Net gain from fair value adjustments
25,000
Revaluation of property given by director based on the property valuation of similar properties in the area.
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
6,408
Taxes and social security
1,731
2,253
Loans from directors
117,701
118,391
G&H Property Developers Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
163,241
159,700
Aggregate of amounts that fall due for payment after five years
163,241
133,106
The loans are secured debts against the property.
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).