GRE Homes Limited
Filleted accounts
31 March 2022
Company registration number:
11146717
GRE Homes Limited
Directors and other information
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Director
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G M El-Kassir
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Company number
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11146717
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Registered office
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7200 The Quorum
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Oxford Business Park North
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Oxford
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OX4 2JZ
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Auditor
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Cox Hinkins Audit Services Limited
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The Old Dairy
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12 Stephen Road
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Headington
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Oxford
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OX3 9AY
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GRE Homes Limited
Director's responsibilities statement
Year ended 31st March 2022
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
GRE Homes Limited
Balance sheet
31st March 2022
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2022
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2021
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Note
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£
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£
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£
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£
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Creditors: amounts falling due
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within one year
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5
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(
2,609)
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(
2,304)
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_______
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_______
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Net current liabilities
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(
2,609)
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(
2,304)
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_______
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_______
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Net liabilities
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(
2,609)
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(
2,304)
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_______
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_______
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Capital and reserves
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Called up share capital
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6
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1
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1
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Profit and loss account
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(
2,610)
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(
2,305)
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_______
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_______
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Shareholders deficit
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(
2,609)
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(
2,304)
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_______
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_______
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 March 2023
, and are signed on behalf of the board by:
G M El-Kassir
Director
Company registration number:
11146717
GRE Homes Limited
Notes to the financial statements
Year ended 31st March 2022
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7200 The Quorum, Oxford Business Park North, Oxford, OX4 2JZ. There was no significant change to the company's principal activity during the year which continued to be the prospective acquisition and resale of real estate.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
After reviewing the company's forecasts and projections, and taking into account the support of companies under common control and fellow group companies, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties. Financial assets that are measured at cost and amortised and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2021: Nil).
5.
Creditors: amounts falling due within one year
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2022
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2021
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£
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£
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Amounts owed to group undertakings and undertakings in which the company has a participating interest
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517
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225
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Other creditors
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2,092
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2,079
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_______
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_______
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2,609
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2,304
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_______
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_______
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6.
Called up share capital
Issued, called up and fully paid
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2022
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2021
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No
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£
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No
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£
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Ordinary
shares of £
1.00 each
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1
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1
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1
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1
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_______
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_______
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_______
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_______
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7.
Events after the end of the reporting period
On 23rd May 2022 the company changed its name from Mundiend Limited to
GRE Homes Limited
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8.
Summary audit opinion
The auditor's report for the year dated
23 March 2023
was unqualified.
The senior statutory auditor was
Michael Howard Hinkins
for and on behalf of
Cox Hinkins Audit Services Limited
9.
Controlling party
The company is under the control of GRE Capital Ltd, a company incorporated in England & Wales, which owns 100% of the issued share capital. GRE Capital Ltd prepares consolidated financial statements for the group.