IRIS Accounts Production v26.2.0.496 03931338 director 1.3.25 28.2.26 28.2.26 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03931338 2025-02-28 03931338 2026-02-28 03931338 2025-03-01 2026-02-28 03931338 2024-02-29 03931338 2024-03-01 2025-02-28 03931338 2025-02-28 03931338 ns15:EnglandWales 2025-03-01 2026-02-28 03931338 ns14:PoundSterling 2025-03-01 2026-02-28 03931338 ns10:Director1 2025-03-01 2026-02-28 03931338 ns10:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 03931338 ns10:SmallEntities 2025-03-01 2026-02-28 03931338 ns10:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 03931338 ns10:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 03931338 ns10:FullAccounts 2025-03-01 2026-02-28 03931338 ns10:CompanySecretary1 2025-03-01 2026-02-28 03931338 ns10:CompanySecretary2 2025-03-01 2026-02-28 03931338 ns10:RegisteredOffice 2025-03-01 2026-02-28 03931338 ns5:CurrentFinancialInstruments 2026-02-28 03931338 ns5:CurrentFinancialInstruments 2025-02-28 03931338 ns5:ShareCapital 2026-02-28 03931338 ns5:ShareCapital 2025-02-28 03931338 ns5:RetainedEarningsAccumulatedLosses 2026-02-28 03931338 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 03931338 ns5:PlantMachinery 2025-02-28 03931338 ns5:FurnitureFittings 2025-02-28 03931338 ns5:MotorVehicles 2025-02-28 03931338 ns5:PlantMachinery 2025-03-01 2026-02-28 03931338 ns5:FurnitureFittings 2025-03-01 2026-02-28 03931338 ns5:MotorVehicles 2025-03-01 2026-02-28 03931338 ns5:PlantMachinery 2026-02-28 03931338 ns5:FurnitureFittings 2026-02-28 03931338 ns5:MotorVehicles 2026-02-28 03931338 ns5:PlantMachinery 2025-02-28 03931338 ns5:FurnitureFittings 2025-02-28 03931338 ns5:MotorVehicles 2025-02-28 03931338 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-02-28 03931338 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28

REGISTERED NUMBER: 03931338 (England and Wales)

| Gerard Homes Ltd |

| Unaudited Financial Statements |

| for the Year Ended 28 February 2026 |

Gerard Homes Ltd (Registered number: 03931338)

Contents of the Financial Statements

for the Year Ended 28 February 2026

Page |

Company information | 1 |

Balance sheet | 2 |

Notes to the financial statements | 4 |

Gerard Homes Ltd

Company Information

for the Year Ended 28 February 2026

| Director: | G Boyd

| Secretaries: | G Boyd

| C J Williams

| Registered office: | Construction House

| Runwell Road

| Wickford

| Essex

| SS11 7HQ

| Registered number: | 03931338 (England and Wales)

| Accountants: | Clay Ratnage Strevens & Hills

| Chartered Accountants

| Construction House, Runwell Road

| Wickford

| Essex

| SS11 7HQ

Gerard Homes Ltd (Registered number: 03931338)

Balance Sheet

28 February 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | - |  | 4,330 |  |

Current assets

Stock | - |  | 87,121 |  |

Debtors | 5 | - |  | 568 |  |

Cash at bank | 1,519 |  | 15,461 |  |

1,519 |  | 103,150 |  |

Creditors

Amounts falling due within one year | 6 | 101,438 |  | 98,945 |  |

Net current (liabilities)/assets | (99,919 | ) | 4,205 |  |

Total assets less current liabilities | (99,919 | ) | 8,535 |  |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Retained earnings | (100,019 | ) | 8,435 |  |

(99,919 | ) | 8,535 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gerard Homes Ltd (Registered number: 03931338)

Balance Sheet - continued

28 February 2026

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2026 and were signed by:

G Boyd - Director

Gerard Homes Ltd (Registered number: 03931338)

Notes to the Financial Statements

for the Year Ended 28 February 2026

1. | Statutory information

| Gerard Homes Ltd 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.

| Revenue

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - the company has transferred the significant risks and rewards of ownership to the buyer;

| - the company retains neither continuing managerial involvement to the degree usually associated with

| ownership nor effective control over the goods sold;

| - the amount of revenue can be measured reliably;

| - it is probable that the company will receive the consideration due under the transaction; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - the amount of revenue can be measured reliably;

| - it is probable that the company will receive the consideration due under the contract;

| - the stage of completion of the contract at the end of the reporting period can be measured reliably; and

| - the costs incurred and the costs to complete the contract can be measured reliably.

Gerard Homes Ltd (Registered number: 03931338)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

2. | Accounting policies - continued

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both a reducing balance and straight line basis.

| Depreciation is provided at the following rates:

|  | Plant and machinery |  | - 5% straight line |  |

|  | Fixtures and fittings |  | - 20% reducing balance |  |

|  | Motor vehicles |  | - 25% reducing balance |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Stock

| Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

| At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Gerard Homes Ltd (Registered number: 03931338)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

2. | Accounting policies - continued

| Financial instruments

| The company has elected to apply Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, including trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently carried at amortised cost using the effective interest method, less any impairment provision. Where an arrangement constitutes a financing transaction, whereby payment is deferred beyond normal business terms, it is measured at the present value of future receipts discounted at a market rate of interest. Discounting is omitted where the effect is immaterial.

| Impairment of financial assets

| Financial assets are assessed for impairment at each reporting date. An impairment loss arises where events subsequent to initial recognition indicate that estimated future cash flows have been adversely affected, and is measured as the difference between the carrying amount and the present value of future cash flows at the original effective interest rate. Where the indicators of impairment subsequently reverse, the impairment loss may be reversed up to the original carrying amount, and is recognised in profit or loss.

| Financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of their contractual arrangements. An equity instrument is any contract that evidences a residual interest in the assets of the company after deduction of all its liabilities.

| Basic financial liabilities, including trade and other payables and bank and other loans, are initially measured at transaction price after transaction costs, or where a financing transaction exists, at the present value of future payments discounted at a market rate of interest. Discounting is omitted where the effect is immaterial. All debt instruments, including trade payables, are subsequently carried at amortised cost using the effective interest method.

| Trade payables are classified as current liabilities where payment is due within one year, and as non-current liabilities otherwise.

| Derecognition of financial instruments

| Financial assets are derecognised when contractual rights to future cash flows expire, are settled, or when the asset and substantially all risks and rewards of ownership are transferred to another party. Where significant risks and rewards are retained, the relevant portion continues to be recognised. Financial liabilities are derecognised when the related contractual obligations are discharged, cancelled or expire.

Gerard Homes Ltd (Registered number: 03931338)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

2. | Accounting policies - continued

| Taxation

| Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current 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.

| Impairment of fixed assets and goodwill

| Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

| Debtors

| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Gerard Homes Ltd (Registered number: 03931338)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

2. | Accounting policies - continued

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Finance costs

| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

| Dividends

| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. | Employees and directors

| The average number of employees during the year was 1 (2025 - 1 ) .

Gerard Homes Ltd (Registered number: 03931338)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2026

4. | Tangible fixed assets

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| Cost

| At 1 March 2025 | 66,581 |  | 8,250 |  | 4,650 |  | 79,481 |  |

| Disposals | (66,581 | ) | (8,250 | ) | (4,650 | ) | (79,481 | ) |

| At 28 February 2026 | - |  | - |  | - |  | - |  |

| Depreciation

| At 1 March 2025 | 63,506 |  | 7,865 |  | 3,780 |  | 75,151 |  |

| Charge for year | 2,619 |  | 75 |  | 218 |  | 2,912 |  |

| Eliminated on disposal | (66,125 | ) | (7,940 | ) | (3,998 | ) | (78,063 | ) |

| At 28 February 2026 | - |  | - |  | - |  | - |  |

| Net book value

| At 28 February 2026 | - |  | - |  | - |  | - |  |

| At 28 February 2025 | 3,075 |  | 385 |  | 870 |  | 4,330 |  |

5. | Debtors

2026 | 2025 |

£ | £ |

| Other debtors | - |  | 568 |  |

6. | Creditors: amounts falling due within one year |

2026 | 2025 |

£ | £ |

| Taxation and social security | - |  | 923 |  |

| Other creditors | 101,438 |  | 98,022 |  |

101,438 |  | 98,945 |  |