| Gatehill Homes Limited |
| Notes to the Accounts |
| for the year ended 30 June 2023 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice 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. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice 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. |
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Taxation |
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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. |
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| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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| 3 |
Controlling party |
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The company is a subsidiary of Venosa Properties Holdings Limited |
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| 4 |
Other information |
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Gatehill Homes Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Devonshire House |
|
582 Honeypot Lane |
|
Stanmore |
|
HA7 1JS |
