G.F. GORDON (HOMES) LTD


Directors	Arran J S Gordon
	Ross C Gordon


Registered Address	19 Juliet Way
	Purfleet
	South Ockendon
	RM15 4YD


Registered Number	09407871 (England and Wales)

Statement of Financial Position
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,240		5,653
			4,240		5,653
Current assets
Stocks		409,947		400,000
Debtors	4	184,771		47,215
Cash at bank and on hand		13,258		18,027
		607,976		465,242
Creditors amounts falling due within one year	5	(394,357)		(151,455)
Net current assets (liabilities)			213,619		313,787
Total assets less current liabilities			217,859		319,440
Creditors amounts falling due after one year	6		(1,634,321)		(1,693,140)
Net assets			(1,416,462)		(1,373,700)
Capital and reserves
Called up share capital			900		900
Other reserves			100		100
Profit and loss account			(1,417,462)		(1,374,700)
Shareholders' funds			(1,416,462)		(1,373,700)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2025, and are signed on its behalf by:

Arran J S Gordon
Director
Registered Company No. 09407871

G.F. GORDON (HOMES) LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on a going concern basis which is dependent upon the continued support of group companies. The directors of group companies have expressed their willingness to support the company for the foreseeable future by ensuring sufficient funds are available for the company to continue trading.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. 

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	4
Vehicles	25	-
Office Equipment	-	4

	Impairment of non-financial assets policy
	Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 February 24	49,656
	At 31 January 25	49,656
	Depreciation and impairment
	At 01 February 24	44,003
	Charge for year	1,413
	At 31 January 25	45,417
	Net book value
	At 31 January 25	4,240
	At 31 January 24	5,653


	Lendinvest Security Trustees Limited & Lloyds Bank Commercial Finance Ltd hold a debenture over the assets of the company.

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	183,921	13,539
Other debtors	850	33,676
Total	184,771	47,215

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	278,331	95,503
Taxation and social security	3,616	-
Other creditors	111,668	55,952
Accrued liabilities and deferred income	742	-
Total	394,357	151,455

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	1,409,321	1,478,140
Other creditors	225,000	215,000
Total	1,634,321	1,693,140

7.	Related party transactions
	During the year a director loaned the company £10,000 (2024: nil). At the year end the balance owed by the company to the director was £225,000 (2024: £215,000). The company is a wholly owned subsidiary of Gordon Group Ltd Limited and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with Gordon Group Ltd or other wholly owned subsidiaries within the group.

Related party transactions

During the year a director loaned the company £10,000 (2024: nil). At the year end the balance owed by the company to the director was £225,000 (2024: £215,000).

The company is a wholly owned subsidiary of Gordon Group Ltd Limited and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with Gordon Group Ltd or other wholly owned subsidiaries within the group.

8.	Controlling party
	The ultimate parent undertaking is Gordon Group Ltd, a company incorporated in England and Wales. Gordon Group Ltd owns 100% of the issued share capital in the company.