GSH Residential Limited - Filleted accounts

GSH Residential Limited
Registered number:		10576578
Statement of Financial Position
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		460,000			455,000

Current assets
Debtors	5	462			39
Cash at bank and in hand		491			388
		953			427

Creditors: amounts falling due within one year	6	(2,412)			(1,099)

Net current liabilities			(1,459)			(672)

Total assets less current liabilities			458,541			454,328

Creditors: amounts falling due after more than one year	7		(404,867)			(412,100)

Provisions for liabilities			(12,493)			(10,944)


Net assets			41,181			31,284

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		53,257			46,654
Profit and loss account			(12,176)			(15,470)

Shareholders' funds			41,181			31,284

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ms A M Stiell
Director
Approved by the board on 18 November 2025

GSH Residential Limited
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	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 charging of rents. Turnover from the charging of rents is recognised on the accruals basis.

	Investments
	Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Exceptional items	2025		2024
£			£

	Value adjustments on fixed assets and current asset investments	5,000		1,848
		5,000		1,848


3	Employees and directors	2025		2024
Number			Number

	Average number of directors and persons employed by the company	1		2


4	Tangible fixed assets
				Investment properties
£
	Cost
	At 1 February 2024			455,000
	Fair value movements			5,000
	At 31 January 2025			460,000

	Depreciation
	At 31 January 2025			-

	Net book value
	At 31 January 2025			460,000
	At 31 January 2024			455,000


5	Debtors	2025		2024
£			£

	Prepayments	62		39
	Other debtors	400		-
		462		39


6	Creditors: amounts falling due within one year	2025		2024
£			£

	Accruals	900		882
	Corporation tax	1,512		209
	Other creditors	-		8
		2,412		1,099


7	Creditors: amounts falling due after one year	2025		2024
£			£

	Other creditors	404,867		412,100


8	Fair value reserve	2025		2024
£			£

	At 1 February 2024	46,654		45,157
	Gain on revaluation of Investment properties	8,152		1,848
	Deferred taxation arising on the revaluation of Investment properties	(1,549)		(351)

	At 31 January 2025	53,257		46,654


9	Other information

	GSH Residential Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Meadowview Cottage
	Thornton Hough
	Wirral
	Merseyside
	CH63 4JX