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GATEHILL HOMES LIMITED
REGISTERED NUMBER: 09445773
ABBREVIATED BALANCE SHEET
AS AT 30 JUNE 2016
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2016 and of its profit for the period in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 10 November 2016.
The notes on page 2 form part of these financial statements.
Page 1
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GATEHILL HOMES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2016
1.Accounting Policies
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises revenue recognised by the company in respect of property sales during the period, exclusive of Value Added Tax.
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Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs.
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2.Share capital
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Allotted, called up and fully paid
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100 Ordinary shares of £1 each
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On incorporation, the company issued 100 ordinary shares at a nominal value of £1 each for cash at par.
3.Ultimate parent undertaking and controlling party
The company's immediate and ultimate parent undertaking is Venosa Properties Holdings Limited.
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