Company Registration No. 11337440 (England and Wales)
G7 Homes Ltd
Unaudited accounts
for the year ended 31 December 2020
G7 Homes Ltd
Company Information
for the year ended 31 December 2020
Directors
Geraint T G Evans
Tara A Evans
Company Number
11337440 (England and Wales)
Registered Office
16 Vale Gardens
Pontypridd
CF37 2HG
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
G7 Homes Ltd
Statement of financial position
as at
31 December 2020
Investment property
60,000
60,000
Cash at bank and in hand
482
-
Creditors: amounts falling due within one year
(17,100)
(17,030)
Net current liabilities
(16,618)
(17,030)
Total assets less current liabilities
43,382
42,970
Creditors: amounts falling due after more than one year
(42,997)
(43,461)
Net assets/(liabilities)
385
(491)
Called up share capital
2
2
Profit and loss account
383
(493)
Shareholders' funds
385
(491)
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2021 and were signed on its behalf by
Geraint T G Evans
Director
Company Registration No. 11337440
G7 Homes Ltd
Notes to the Accounts
for the year ended 31 December 2020
G7 Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11337440. The registered office is 16 Vale Gardens, Pontypridd, CF37 2HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
4
Investment property
2020
Fair value at 1 January 2020
60,000
At 31 December 2020
60,000
5
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
836
699
Taxes and social security
90
-
Loans from directors
15,074
15,231
G7 Homes Ltd
Notes to the Accounts
for the year ended 31 December 2020
6
Creditors: amounts falling due after more than one year
2020
2019
Aggregate of amounts that fall due for payment after five years
39,653
41,214
The mortgage loan is secured on the company's freehold property.
7
Average number of employees
During the year the average number of employees was 0 (2019: 0).