REGISTERED NUMBER: 10559555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

G&T HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G L Lambert

T N Quantrill

SECRETARY:

REGISTERED OFFICE:

Lothing House

7 Quay View Business Park

Barnards Way

Lowestoft

Suffolk

REGISTERED NUMBER:

10559555 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Investment property

4

180,000

180,000

CURRENT ASSETS

Debtors

5

92,885

10,205

Cash at bank

10,608

390,458

103,493

400,663

CREDITORS

Amounts falling due within one year

6

(3,120

)

(297,114

)

NET CURRENT ASSETS

100,373

103,549

TOTAL ASSETS LESS CURRENT LIABILITIES

280,373

283,549

CREDITORS

Amounts falling due after more than one year

7

(108,028

)

(115,621

)

PROVISIONS FOR LIABILITIES

(1,330

)

(1,330

)

NET ASSETS

171,015

166,598

CAPITAL AND RESERVES

Called up share capital

120

120

Fair value reserve

8

5,670

5,670

Retained earnings

165,225

160,808

SHAREHOLDERS' FUNDS

171,015

166,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 27 October 2025 and were signed on its behalf by:

G L Lambert - Director

1.	STATUTORY INFORMATION

G&T 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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

180,000

NET BOOK VALUE

At 31 January 2025

180,000

At 31 January 2024

180,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2022

180,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.25

31.1.24

£

£

Cost

173,000

173,000

Investment property was valued on an open market basis on 31 January 2023 by the directors during a fair value review .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

92,885

10,205

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

784

501

Taxation and social security

1,036

813

Other creditors

1,300

295,800

3,120

297,114

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

108,028

115,621

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

108,028

115,621

8.

RESERVES

Fair

value

reserve

£

At 1 February 2024

and 31 January 2025

5,670

9.	RELATED PARTY DISCLOSURES

Other debtors constitutes an amount of £82,500 which was owed by Quantrill Contractors Limited of which Mr T Quantrill is a director and shareholder.

10.	ULTIMATE CONTROLLING PARTY