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Gill Homes Limited

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025




















Company Registration Number - 10508960

















AVENET ACCOUNTANCY

IFA Accountants



1.
Gill Homes Limited
COMPANY NUMBER - 10508960

Balance sheet as at 31 March 2025





2025
2024

Notes
£ £ £ £
FIXED ASSETS





Tangible assets 4
356,405
359,650

Current assets




Debtors 5 25,178
25,178

Cash at bank and in hand
6,915
5,489




32,093
30,667
Current liabilities




Creditors - Amounts
falling due within one year 6 102,458
137,903


NET CURRENT LIABILITIES

(70,365)
(107,236)


Total assets less current liabilities

286,040
252,414






Creditors - Amounts falling

due after more than one year 6
(201,008)
(183,008)


Net assets

85,032
69,406














2.
Gill Homes Limited
COMPANY NUMBER - 10508960

Balance sheet as at 31 March 2025





2025
2024

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 7
100
100

Profit and Loss account

84,932
69,306


Shareholders' funds

85,032
69,406



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 24 October 2025
and signed on their behalf by:



S Gill J B Gill




Director Director



The notes on pages 3 to 5 form an integral part of these accounts.


3.
Gill Homes Limited

Notes to the Financial Statements

For the year ended 31 March 2025


1. General Information

Gill Homes Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 10508960.


The company's registered office is 155 Queens Park Avenue, Bournemouth, Dorset, BH8 9HB.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Fixtures and fittings - 18% reducing balance


Freehold land and buildings - 1% straight line


Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


3. Employees

The average number employed by the company (including directors) during the year 2025 was 2
and in the previous year 2024 was 2.


4.
Gill Homes Limited

Notes to the Financial Statements

For the year ended 31 March 2025


4. Fixed assets - tangible


Plant and

Land and Machinery

Buildings etc. Total




Fair value £ £ £




At 1 April 2024 366,477 8,000 374,477
and 31 March 2025




Depreciation


At 1 April 2024 14,507 320 14,827
Charge for year 3,165 80 3,245



At 31 March 2025 17,672 400 18,072



Net book values
At 31 March 2025 348,805 7,600 356,405
At 1 April 2024 351,970 7,680
359,650









2025
2024


£
£
5. Debtors

Due within one year:



Other debtors 25,178
25,178





6. Creditors

Amounts falling due within one year:



Accruals 2,072
2,072
Taxation and social security 5,647
9,030
Director's Current Accounts 94,739
126,801


102,458 137,903


Amounts falling due after one year:



Other creditors:



Other 201,008
183,008





5.
Gill Homes Limited

Notes to the Financial Statements

For the year ended 31 March 2025




2025
2024


£
£

7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 100
100