Gloucester Period Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07595059 (England and Wales)

Gloucester Period Homes Limited

Unaudited Financial Statements

for the period

1 May 2019 to 31 May 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

G S Glass

A E Glass

Registered office:

Studio Three

3 Edgar Buildings

George Street

Bath

BA1 2FJ

Registered number:

07595059 (England and Wales)

Accountants:

Haines Watts

8 Hopper Way

Diss

Norfolk

IP22 4GT

Fixed assets

Investment property

4

-

1,500,000

Current assets

Debtors

5

45

-

Cash at bank

233,048

37,394

233,093

37,394

Creditors

Amounts falling due within one year

6

(76,900

)

(385,332

)

Net current assets/(liabilities)

156,193

(347,938

)

Total assets less current liabilities

156,193

1,152,062

Creditors

Amounts falling due after more than one year

7

-

(829,823

)

Provisions for liabilities

-

(74,241

)

Net assets

156,193

247,998

Capital and reserves

Called up share capital

8

20

20

Retained earnings

9

156,173

247,978

Shareholders' funds

156,193

247,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2020 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 June 2020 and were signed on its behalf by:

G S Glass - Director

A E Glass - Director

1.	Statutory information

Gloucester Period 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 period 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 period 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 period was 2 (2019 - 2 ) .

4.	Investment property

Total

£

Fair value

At 1 May 2019

1,500,000

Disposals

(1,500,000

)

At 31 May 2020

-

Net book value

At 31 May 2020

-

At 30 April 2019

1,500,000

5.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

45

-

6.

Creditors: amounts falling due within one year

2020

2019

£

£

Bank loans and overdrafts

-

8,215

Trade creditors

-

27,311

Taxation and social security

30,299

3,865

Other creditors

46,601

345,941

76,900

385,332

7.

Creditors: amounts falling due after more than one year

2020

2019

£

£

Bank loans

-

829,823

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

20

Ordinary

1

20

20

9.

Reserves

Retained

earnings

£

At 1 May 2019

247,978

Deficit for the period

(91,805

)

At 31 May 2020

156,173

10.	Related party disclosures

The directors have made an interest free loan to the company, the balance at 31 May 2020 is £44,993 (2019 £344,993).

11.	Cessation of trading

The company ceased trading on 31 May 2020.